Following the implementation of the Markets in Financial Instruments Directive (MiFID), investment firms can provide services throughout the European Union, on the basis of home country supervision while offering investors a high level of protection. A Cyprus Investment Firm can usually offer Brokerage services, Asset Management, FOREX, or Binary Options trading, or act as a Market Maker (or Multilateral Trading Facility) under a variety of licensing options.
Preparing an application for authorization with the Cyprus Securities and Exchange Commission (CySEC) is a critical process. It’s the beginning of your relationship with the regulator and establishes your firm’s credibility and competencies from the outset.
We take responsibility for directing your application and ensuring your firm is presented to CySEC accurately and in the best possible way. We work closely with you, as we want to understand the inner workings of your business and develop the proper “application pack”, which includes your Regulatory Business Plan, your Compliance Monitoring Program with documented compliance policies and procedures. We will guide you through the burdensome process of submitting your application to CySEC by responding to their inevitable queries. We will be working closely with you until the project is complete and an approval has been granted.
Payment Institution (PI) and Electronic Money Institution (EMI) are both regulated by the Central Bank of Cyprus. If you wish to have more information regarding the setup and licensing of one the entities mentioned above do not hesitate to contact us.