Hello, I will just think loud about my dreams.
Me and my buisness partner want to start a Investment Service or better a Neo broker, where people are able to buy Shares/ETFS/Options/Crypto/(if possible forex). The project is now at a point where we need to decide about the jurisdiction.
I face at the moment a few problems and want to know how you would set it up is maybe TRNC the wrong adress?
The main question is how we can get access to trading venues like Xetra, tradegate etc., if we re not regulated?
I thought about the TRNC as jurisdiction, because of serval reasons but still have a question.
1. they doesnt apply the CRS, so we doesnt need exchange informations about our customers with other countries. That means we can book capital gains tax as a liability.
2. The transfer of money from cyprus to turkey is quite easy so we could use a turkish bank where people can deposit their money on the company account. The idea was that we could later expand from turkey to other european countries with sub companies.
3. I dont know how we would be regulated there. I only now that in Cyprus they apply the CYSEC.
If its not possible to access trade markets from there I thought about another offshore company based f.e. in Cayman Islands which only have the company in TRNC or if not possible a company in a third party country as customer.
With best regards
ONISAGA
Me and my buisness partner want to start a Investment Service or better a Neo broker, where people are able to buy Shares/ETFS/Options/Crypto/(if possible forex). The project is now at a point where we need to decide about the jurisdiction.
I face at the moment a few problems and want to know how you would set it up is maybe TRNC the wrong adress?
The main question is how we can get access to trading venues like Xetra, tradegate etc., if we re not regulated?
I thought about the TRNC as jurisdiction, because of serval reasons but still have a question.
1. they doesnt apply the CRS, so we doesnt need exchange informations about our customers with other countries. That means we can book capital gains tax as a liability.
2. The transfer of money from cyprus to turkey is quite easy so we could use a turkish bank where people can deposit their money on the company account. The idea was that we could later expand from turkey to other european countries with sub companies.
3. I dont know how we would be regulated there. I only now that in Cyprus they apply the CYSEC.
If its not possible to access trade markets from there I thought about another offshore company based f.e. in Cayman Islands which only have the company in TRNC or if not possible a company in a third party country as customer.
With best regards
ONISAGA