Cyprus, due to its attractive tax regime, coupled with its EU Member status, its implementation of the Markets in Financial Instruments Directive (MiFid), and regulatory regime has proved the perfect jurisdiction for the incorporation and operation of FX companies.
Structural reforms in the financial services market brought about by MiFIR & MiFID II
MiFID (Markets in Financial Instruments Directive) II and MiFIR (Markets in Financial Instruments Regulation) are the most important changes in legislature of the last decade and...
Cyprus Investment Firms (CIFs): Directors’ liabilities in case of an offense
The Board of Directors of a CIF shall consist of at least two executive Directors and two independent non-executive Directors. The majority of the Directors shall be Cyprus residents.
New fast track examination scheme for obtaining CIF licence
The Cyprus Securities and Exchange Commission have recently introduced a new “fast track” examination scheme to speed up the examination of the applications before the Commission and to comfort the relevant entities’ eagerness to get their authorization.
Who can participate?
Organising a CIF to offer Binary Options
Alternative Investment Funds
CIFs providing investment services in third-countries
Cyprus Investment Firms (‘CIFs’) may not provide investment services or perform investment activities in third country jurisdictions without first seeking the necessary prior authorisation by the Cyprus Securities and Exchange Commission.
Anti-money laundering procedures for CIFs and providers of fiduciary services
The CySEC has published a circular to CIFs and providers of fiduciary services licensed and supervised by CySEC.
Cyprus Investment Firm's right to provide investment services to other Member States
A Cyprus Investment Firm (‘CIF’) may freely provide investment services in a host Member State only if notifies its intention to the Commission, pursuant to Section 79 of the Investment Services and Activities and Regulated Markets Law (the 'Law').
Authorization for Investment and FX Brokerage Firms from CySec
N. Pirilides & Associates LLC provides a complete range of consulting/advisory services for the establishment, licensing and operation of Investment Firms in Cyprus. Our experienced team guarantees successful implementation of your aim to acquire an EU passport through obtaining a license to operate as an Investment Firm from the Cyprus Securities and Exchange Commission (CySec).