Our Firm together with our Partners helps you obtain an EU Banking license in Cyprus, a Cyprus Investment Firm License from CySEC or an EU Investment Firm License from any other EU Authority.
As previously mentioned, we are the selected Partner of the leader in the field of registration of EU Investment Firms (IF) including Forex Brokers and Market Makers and Cyprus Banks, with a team of over 20 expert financial services consultants and advisors, since the implementation of the new legal framework, MiFID (November 2007).
With a track record of being a promoter/ consultant of over 60% of the
Cyprus Investment Firms (CIF) registered under
MiFID so far and also successful extension of the license for a number of existing CIFs (NB: extending the license involves a procedure similar to a new registration, as regards procedures and manuals).
Due to this specialization, the long and specific experience in the field, the registration process for all these CIFs has taken minimum time after the submission of the respective application files.
Our services include:
- Consulting on the form of a financial group's presence in Cyprus and the rest of the EU (IF, CIF, Investment Branch or other, depending on the Client's needs)
- Advisory support towards authorisation and registration of an EU Investment Firm or a Cypriot Banking Institution
- Preparation of the Application File in accordance with current regulatory requirements, to include, among others:
- design and build the IF structure, and based on your needs (in a way that it shall be cost-efficient)
- prepare a custom-built Operations Manual, in the most efficient manner, and based on your needs,
- prepare the Money Laundering Manual and the Know Your Client (KYC) policies, in the most efficient manner and based on your needs,
- prepare the business plan
- complete the application form to be submitted to the relevant EU regulatory authority
- review the questionnaires of the shareholders, directors and heads of departments of the proposed IF
- locate qualified executive and non-executive directors (if needed)
- complete the relevant checklists
- prepare necessary justifications to be submitted to the relevant EU regulatory authority, as applicable
- prepare the letter(s) to accompany the application, in the events that any exceptions may be requested, as applicable
- guide you in providing all the necessary documentation and certificates
- answer to any relevant questions concerning the application process
- undertake to be responding, on your behalf, to the Authority's queries, and suggestions relating to the application.
- CIF/IF/Bank registration after the authorisation
- Locating qualified Directors and personnel for an/a CIF/IF/Bank
- Full legal, accounting and auditing support of an/a CIF/IF/Bank
