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Business License in Cyprus

When you open a company in Cyprus, depending on the type of activity which will be effectuated, there are a set of business permits and licenses that have to be issued by the relevant local authorities. Some types of companies, though, like those which activate in the financial sector, must comply with stricter regulations and have to obtain special licenses prior to starting to do business.

Cyprus exceeded expectations and propelled itself into a front-runner as one of the fastest-growing EU economies. Implementing critical reforms, strengthening investor confidence, and launching new incentives were key to achieving this success.

Cyprus is one of the economic and financial centers for businesses as a springboard to enter the European market. Not only that, but this country also has tax benefits as well as favorable immigration policies, allowing businesses to easily do business in this beautiful island nation.

Advantage of Business License in Cyprus

  • A solid and fair regulatory environment
  • Good cost-value relationship
  • A terrific tax system with plenty of advantages
  • Passporting rights to the rest of the EU

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Business Licenses available in Cyprus

From

US$ 63,000

  • In compliant with registered Cyprus regulations
  • Fast, convenient and confidential
  • 24/7 support
  • Just Order, We Do All For You
Securities financing transactions license (With Forex Trading) From US$ 63,000 Learn More

Scope of Cyprus license provided

  • Reception and transmission of orders in relation to one or more financial instruments.
  • Execution of orders on behalf of clients.
  • Dealing on own account. Portfolio management.
  • Investment advise.
  • Underwriting of financial instruments and/or placing of financial instruments on a firm commitment basis.
  • Placing of financial instruments without a firm commitment basis.
  • Operation of a multilateral trading facility (MTF).
  • Digital equivalent of cash
  • Execution of direct debits, including one-off direct debits.
  • Issuing and/or acquiring payment instruments.
  • Money remittance.
  • Payment initiation services
  • Account information services

Steps to getting a business license in Cyprus

STEP 1: Prepare License Procedure

Businesses need to prepare all the procedures that you need to obtain a Business License in Cyprus.

STEP 2: Approval for License

After our specialist team has given pre-approval, the securities deposit needs to be paid to the regulated Corporate Services provider that will issue a payment in order to cash the fund and to issue the Security Bond Certificate

STEP 3: Account opening in Cyprus

The customer receives all documents for bank account and payment provider account openings. Need to be undersigned and returned via courier to Cyprus in order to proceed

STEP 4: License Confirmation

Applying for Professional Indemnity Coverage for the Representative Securities Dealer or the Cyprus company directly. Proof of Application needs to be submitted

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FAQ’s

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Electronic money is a monetary value represented by a claim on the issuer, which is: 

  • Electronically-including magnetically-stored (e.g. chargeable internet based account, magnetic card). 
  • Issued on receipt of funds for the purpose of making payment transactions (conversion of bank money into electronic money). 
  • Accepted by a natural or legal person other than the electronic money issuer.

The establishment of a PI or an EMI in Cyprus seems to be a natural strategic decision mainly driven by the following key factors: 

  • EU member states are compliant with EU laws and regulations. 
  • Eurozone member, making penetration in EU markets easier. 
  • Strong fundamentals for PI and EMI operations and a growing demand basis for such activities from many industry verticals active in Cyprus. 
  • Cost-effective setting up and on-going operational services. 
  • English is the language of Business. 
  • Business-friendly and transparent regulatory system. 
  • Opportunities in the local corporate and institutional market. 
  • Convenient time zone for conducting 24 hours a day business. 
  • Access to an extensive network of double tax treaties allowing for tax-efficient structuring. 
  • Favorable tax system. (e.g. no withholding tax on dividend distributions to foreign shareholders, 12.5% corporation tax with the possibility to drop up to 2.5% thanks to Notional Interest Deduction (NID), tax incentives for non-domiciled tax residents, etc.). 
  • Availability of a number of highly qualified professional service providers (e.g. accounting firms, legal firms, consultancy firms, etc.). 
  • Favorable tax regime for Intellectual Property (IP) rights, under specific requirements. 
  • Efficient regulator Central Bank of Cyprus (CBC) which provides streamlined procedures, reduced bureaucracy, and lower regulatory fees. 
  • Sophisticated infrastructure.
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MULTISTREAM INTERNATIONAL

We are a marketing arm for top-tier Asset Managers, Financial Brokers, CPA’s and Banking Industry Professionals with real qualifications and proven track records. We also act as a Mandate or Facilitator, introducing Real Buyers to Real Sellers and arrange contracts for the supply of a variety of commodities or sought-after goods and services between both parties in top performing industries. We provide our clients with efficient access to markets and tailored financial solutions to help manage risk and enhance overall profitability.
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