Obtaining Investment License in Cyprus

Stages of processing

• • Establishment of the enterprise. According to the current legislation of the licensing country, the certificate is issued only to the CIF (Cyprus Investment Firm), that is, the legal entity of the state. Investment sphere of activity should be demonstrated in the Charter of the company. It is impossible to obtain permission for IP and other types of small entrepreneurs, so the organization is obliged to have the form of LLC and the license of CySec external controller. The foregoing is the commission for protecting and regulating the financial turnover of the country.

  • Establishment of capital. To obtain investment license in Cyprus, it is necessary to create own capital in a certain amount. The contribution is transferred to the account of one of the local banks. Financial subject can be selected by the client with the help of our company specialists. Lawyers will select the bank with minimum requirements and the most cost-efficient terms and tariffs of service. For enterprises with considerably small number of financial instruments and services provided, it is sufficient to contribute 200 euros, so the wider is the activity of the applicant, the higher is the level of contribution. The exact amount can be specified during consultation. The counterparty is obliged to know that the contribution with the capital is frozen for the entire term of the legal force of the license.

  • Directorate. Cyprus requires the presence of the board of directors in the organization, which should consist of not less than four people. Two of the managers should be residents of the state. Each director shall confirm compliance with the level of the position held, education and work experience in cooperation with finance.

  • The head office is organized directly in the territory of Cyprus. When submitting the application, availability of personnel in the head office, transparency of the firm's policy, the level of protection for the clients, and abiding confidentiality are verified. All software used for work should also be certified.