In 2022, the global forex market size reached around 716 bill. EUR and it continues to maintain its pace of growth. Certain forecasts anticipate a compound annual growth rate (CAGR) of 6% over the coming 5 years, which presents a lot of opportunities within the industry. With them, there come legal risks that must be managed by well-qualified lawyers who possess a deep understanding of the complex regulatory frameworks applicable to forex businesses.
At RUE (Regulated United Europe) , our team of internationally experienced lawyers is well-equipped to be your trusted support in the forex industry. We offer an extensive range of legal services customized to meet your unique needs and realize your business vision. Our expertise extends to navigating European and international regulations that govern market participants. We strongly believe in fostering a collaborative relationship with our clients, which will enable us to gain an in-depth understanding of your objectives and pave a path toward success.
If you allow us, one of our dedicated lawyers, with extensive expertise in the forex industry, will be delighted to promptly assess your project or business model and provide actionable insights. This assessment includes a thorough analysis of your intended forex activities, your target market, payment processing strategies, company structure, and the most favourable jurisdiction for establishing and licensing your forex company.
Why Should You Need Legal Services for Your Forex Business?
In many jurisdictions, the forex industry is heavily regulated through complex legislation, and it therefore requires specialized knowledge to navigate applicable legal frameworks effectively, which makes such legal services as ours indispensable for ensuring your forex business operates legally and legitimately while minimizing legal risks and maximizing its potential for success.
When planning your forex project or building a forex trading business, you should seek our help for a variety of reasons:
- To ensure compliance with complex national and international laws which will prevent you from costly fines, legal disputes, and potential shutdowns of your forex company
- Obtaining a forex license is usually the first mandatory step in launching a legitimate forex business, which requires thorough preparation of legal documents and the development of legally required internal processes
- Forex trading involves financial risks that must be identified and mitigated to protect your business from unexpected legal liabilities
- Thorough compliance with regulatory requirements will build trust among your stakeholders
- You’ll want to safeguard your brand, proprietary software, and intellectual property to protect your business assets and maintain a competitive edge
- If there are any disputes with clients, partners, or regulatory authorities, legal experts can protect your interests while swiftly helping you avoid a costly legal battle
Over the years, our legal team here at RUE (Regulated United Europe) has successfully solved many complex challenges within the forex industry. Our extensive experience positions us as the trusted source for robust and secure legal support at any stage and for any size of forex business. We maintain close collaborations with international partners to address any legal issues that may arise in European and international jurisdictions. The combination of our expertise and a network of partnerships allows us to offer you comprehensive legal support that safeguards your forex business and enables you to focus on growth.
Legal Opinion for Your Forex Business
A legal opinion, often referred to as legal counsel or legal advice, is a formal-written statement that can be provided for your forex business by our qualified lawyer who has a deep understanding of the relevant laws, regulations, and precedents applicable to the forex-related matter in question. It includes professional assessment, analysis, and interpretation of legal issues or concerns related to a situation you may ask us to assess.
Legal opinions are usually sought by forex businesses when they encounter complex regulatory challenges, require guidance on compliance with financial laws, or need clarification on the legal implications of their business strategies. You can also request legal opinion for such matters as a forex license, contractual agreements, forex company formation, acquisition of a ready-made forex company, or tax planning.
To prepare a legal opinion tailored to your specific forex business matter, our legal team will conduct a thorough review of the information, records, and context you have provided. Subsequently, they will leverage their legal expertise to analyse the situation and provide an interpretation of the applicable legal framework, complete with references to applicable legal acts and regulations. Furthermore, they will conduct a thorough assessment of potential legal liabilities and implications tied to a particular course of action. Additionally, they will share guidance on the optimal steps to achieve the desired outcome while mitigating legal risks.
The key steps of crafting a legal opinion for your forex business are as follows:
- Collecting and analysing all relevant documents and information provided by you
- Working with you to clearly define the specific legal issues or questions that need to be addressed in the legal opinion
- Conducting comprehensive legal research of relevant laws, past practices, and provided documents
- Drafting the legal opinion with references to specific laws, regulations, and legal precedents in the forex industry
- Stating the conclusions regarding the legal matter, including any potential legal consequences
- Providing answers to the questions posed by you and recommendations for executing the forex project or starting a forex trading business
Comprehensive Legal Support for Your Forex Business
We offer comprehensive legal services for forex projects and businesses, covering all stages of project execution or business launch and operations. We recommend involving one of our experienced lawyers early in the project or business formation to integrate them into your team and ensure thorough legal support throughout. In the initial phase, we offer guidance on jurisdiction selection, carefully evaluating the regulatory frameworks of potential locations to determine the most favourable environment for the launch and operations. We then can continue to support you through other stages of your newly launched forex project or forex trading business.
Our dedicated team will be pleased to support your forex business in the following ways:
- Assist with the application for a forex license
- Draft essential business documents such as incorporation paperwork
- Draft and review contracts, including agreements with software providers, affiliates, business partners, and clients
- Continuously identify and mitigate legal risks associated with your forex business
- Develop corporate structure and register your forex company
- Advise on tax obligations and tax optimization
- Ensure thorough and ongoing compliance with AML/CFT legislation, customer protection, and other local, national, and international regulations relevant to your forex business
|Legal Services for Forex Projects||from 1,500 EUR|
At the moment, the main services of our company are legal and compliance solutions for FinTech projects. Our offices are located in Tallinn, Vilnius, Prague, and Warsaw. The legal team can assist with legal analysis, project structuring, and legal regulation.