Do I need to be regulated?

The following is a brief assessment aimed at determining whether you are required to obtain CIF authorization.

 

Number

Question

Answer is YES

Answer is NO

1 Do you have a company established or do you intend to establish a company in Cyprus?

Go to question 2

No Regulation Needed

2 Do you intend to provide / perform any investment services / activities either within or outside Cyprus on a professional Basis?

Go to question 3

No Regulation Needed

3 Are the investment services / activities you intend to provide / perform related to one or more financial instruments (refer to Annex 1)

Go to question 4

No Regulation Needed

4 Do you fall within any of the exemptions (refer to Annex 2) in relation to the relevant investment services/ activities?

No Regulation Needed

An Authorization as a Cyprus investment Firm a (CIF) is Required.

Once it has been established that regulation is required, application for CIF Authorization should commence as quickly as possible, as the application process is complex and time consuming, however Eltoma Corporate Services will assist every step of the way.

It should be highlighted that a CIF may provide investment services on a professional basis only if it has received prior authorization from the commission. Maintaining a regulated entity could also prove demanding, as your compliance requirements and costs will inevitably increase, in exchange for the increased compliance burdens however, you will be allowed to market your products and services across European Markets and to a variety of investors [both accredited and retail. The main overriding advantage however of a CIF authorization is that it is valid in all member states, and allows the CIF to provide the services for which it has been authorized in all the member states.

Take the next step, we are here to help.

Register a Cyprus investment firm company.
Open a Cyprus investment firm bank account.

  Resources:

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There are many factors that influence an investor to obtain a second citizenship in another country. Aspects such as relocation, retirement, security or even long-term plans for future generations are all benefits and considerations in the prospectus for investment. Several countries now offer this option through different investment schemes.

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One of many legal disputes resulting from the recent infamous Kazakhstan BTA bank fraud case has shed new light on a little-known immigration scheme colloquially known as the golden visa scheme and officially called a Tier 1 Investor visa in the UK; the scheme grants investors residency in exchange for spending £2m in UK bonds or shares through a bank, with applicants eligible for to remain indefinitely, with full citizenship after five years.

EU release list of tax havens & blacklisted jurisdictions for the first time

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A beginners guide to filing capital statements in Cyprus

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