Cyprus Forex Licensing (CIF)

Cyprus Forex Licensing (CIF)

If you are looking to obtain a Cyprus Forex Licence and provide investment services in Cyprus and Europe, you need to register a Cyprus Investment Firm (CIF).

For providing services such as handling orders on behalf of your clients, managing clients’ portfolios, or providing investment advice, you need to go through the legal process of establishing a CIF.

The regulatory body in Cyprus is the Cyprus Securities and Exchange Commission (CYSEC) that monitors the Cyprus Investment Firms.

CYSEC is the responsible body is approving forex licenses of investment firms.

Requirements of a forex license

• Register a Cyprus Investment Firm.
• The company must have minimally four directors, two executive and two non-executives, and at least three of the directors must be residents of Cyprus.
• Applicants must own and use their own exclusive website to conduct their online activities and services.
• The company must ensure qualified personnel are employed, including AML officers, compliance officers, risk managers, internal and external auditors.
• Open a corporate bank account.
• Deposit in the corporate bank account the minimum capital requirements depending to the type of license. For Standard License (agent broker) it is 125 000 euros and for full license (marker creator) it is 750 000 euros.

Seek Legal Assistance for Cyprus Investment Firms – Forex Licensing

If you need legal assistance and guidance for establishing a Cyprus Investment Firm and obtaining a Cyprus Forex License, don’t hesitate to consult with our professionals at Evagoras Anastasiou Law Firm who will help you deal with the strict laws and requirements related to forex licensing in Cyprus. The company’s professionals will kindly go over your case and help you stay up to date on all laws and regulations that need to be respected during the process for obtaining a forex license.

The number of investors looking to set up Cyprus Investment Firms keeps growing due to the highly developed business structure in the country. Cyprus is ranked quite high on the list of Europe’s countries with the lowest corporate tax rates, which attracts business people from all over the world.

Contact our firm Evagoras Anastasiou Law Firm to advise you accordingly on the process and the relevant criteria in establishing a CIF. Our professionals will be ready to provide the right support and advice that will help you obtain the license of a Cyprus Investment Firm and Forex.

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