The Firm can provide legal assistance to clients wishing to apply for a CIF licence to the Cyprus Securities and Exchange Commission (the “CySEC”) and anything else related to this application. Our Firm may also provide assistance to clients wishing to get a similar license in other jurisdictions.
Information relating to the establishment and licensing of a Cyprus company as an Investment Firm regulated by CySEC
Since 2010 our Firm has been handling cases and applications of this type and our team possesses extensive experience in the field of registration of Cyprus Investment Firms regulated by CySEC. Due to our long experience in the field, the registration process takes approximately 6 months after the submission of the respective application file to CySEC.
The consultation for the CySec application includes, among others, the following:
i.Assistance in preparing the CySEC’s License Application for the Company to be allowed to operate as a Cyprus Investment Firm (the “CIF”) with the characteristics applicable to the client.
- Guidance in providing information, documentation and certificates
- Consultation on CIF structure and on initial setup
- Preparation of Internal Procedures Manual in accordance with applicable CySEC regulation
- Preparation of a brief business plan
- Review of the required questionnaires of shareholders, directors and of other departmental officers
ii.Complete and submit on behalf of the Company the necessary/appropriate application to CySEC, and
iii.Follow up the said application up to completion.
Multilysis Services Limitedcan be of assistance to other practical matters to CIF companies by providing, inter alia, the following services:
- Registration of companies in Cyprus and a large number of other foreign jurisdictions
- Acting as Secretary at an annual fee
- Providing Registered Office facilities at an annual fee
- Providing Directors services at an annual fee
- Providing nominee Shareholder services
- Providing book-keeping services
- Corporate structuring-Management & Administration services
- Tax Consulting
- Services relating to the establishment and operating of bank accounts in Cyprus and abroad etc.
- Arranging for the Audit of companies (Internal & External)
N. Pirilides & Associates LLC and its associates can offer a full range of support to Cyprus Investment Firms following the granting of the CIF authorization. Such services include CIF license activation support, legal support for inter alia drafting of Client agreements, Compliance Officer and Consulting Services Support, Internal Audit Services and regulatory training. For more information, contact us by email and we will be happy to assist.