From the Client

   Passport copy should be mandatorily notarized while the text should be in English language.

  Last 3-months utility bill (attached with original Copy)

  Director’(s) or shareholder’(s) letter with bank account statement

  The copy of educational degree certificate should be in English

  Bank statement showing that EUR 125,000(For STP license or Binary options) or EUR 730,000 (For Market Maker license) is in your bank account.

Related to the Process

  CySEC Application Form.

  Affidavit of directors’ bio data.

  Bank application forms.

  AML Procedures.

  Business Plan.

  5-year financial forecast.

  Balance sheet with forecast description.

  AML/CFT FAQ’s Declaration.

Note: The ad-hoc additional documents maybe requested from any authority or institution during the process.

CySEC by law must come to a decision of submitted and completed application in the span of 6 months from the application filing date, and it must further notify the applicant of the rejection or acceptance. All the necessary information should come along with authenticated documents and other details which are necessary to complete the application. The Authority may request further clarification or details pertaining to the submitted application within the 6-month period.

From the Client

From the Client

   Cyprus benefits from a low corporate tax regime and an impressive range of double taxation treaties with more than 40 countries.

  The Corporate tax rate of Cyprus is 12.5%.

  Profits from securities are tax-free.

  No tax on dividend payment to non-residents.

   Profits, Interest, Dividends, Capital gains and any other related gains arising from disposal of shares in such investments can be freely remitted overseas without any restriction.

  Traders/Investors can complain directly to CySEC.

  A physical office in Cyprus is mandatory. While in the company structure you need to have at least 2 executive directors and 2 non-executive directors. All of them must be domiciled in Cyprus.

  At the same time, you need to have 2-3 people based in Cyprus and can work at your Cypriot office. Usually they are 1 executive director, accountant/compliance/back office person.