Permission for investment activities in Cyprus is necessary for any company that plans to develop its business in the EU.
A CySec license is required if the Cyprus company provides a number of investment, financial and supplementary services.
License for an investment company in Cyprus: stages of registration
Establishment of an enterprise. According to the current legislation of the licensing country, the certificate is issued only by the CIF (Cyprus Investment Firm), that is, the legal entity of the state. In the Charter of the company, the investment sphere of activity must be marked. It is impossible to obtain permission from the IP and other types of small entrepreneurs, the organization must have the form of LLC and have the license of a third-party CySec controller. This is a commission to protect and regulate the financial turnover of the country.
Establishment of capital. To obtain an investment license in Cyprus, you need to create your own capital in a certain amount. The fee is transferred to the account of one of the local banks. The financial subject can be selected by the client with the help of our company specialists. Lawyers will select a bank with the minimum requirements and the most profitable courses of service. For enterprises with a small number of financial instruments and services, it is sufficient to contribute €200, the wider activity of the applicant, the higher level of the contribution. The counterparty is obliged to know that the deposit with the capital is frozen for the entire term of the legal power of the license.
Directorate. Cyprus requires the presence in the organization of a board of directors, which must consist of not less than four people. Two of the governors must be residents of the country. Each director must confirm compliance with the level of the position that he held, education and experience in the interaction with finance.
The head office is organized directly in the territory of Cyprus. When you are submitting an application, the transparency of the firm’s policy, the level of customer protection, and confidentiality are checked. All software used for work must also be certified.