Creating a Strong AML Compliance Culture

By Xenia Neophytou | March 20, 2020

In its efforts to remain in full compliance with the European framework for tackling money laundering and terrorist financing, the Republic of Cyprus is constantly implementing changes to its local laws, in order to ensure alignment with EU Directives and Regulations. One of the fundamental pillars of the Cypriot economy is the financial services and…

Cyprus Start-up Visa

By Xenia Neophytou | February 23, 2020

Thinking to start your own business in Cyprus? Here are some key points you have to know about Cyprus Start-up Visa Package Cyprus Start-up Visa is the ‘business passport’ of entrepreneurs outside the European Economic Area (EEA) or European Union (EU) to establish their own start-up business in Cyprus. Start-up visa is among the schemes…

Why choose Cyprus for Innovation & start- ups

By Xenia Neophytou | February 20, 2020

The Future of Business: Creating a Start-up Ecosystem in Cyprus Cyprus’s strategic position, as well as its valuable historical and geopolitical background, have helped make the island an attractive international business hub. For decades, Cyprus has enticed foreign businesses and investors with incentives such as one of the lowest corporate tax rates in the E.U.,…

Cyprus Beneficial Ownership Register and other highlights of the amendments the 5th AMLD

By Petros Hadjipetrou | February 19, 2020

Each member state in the EU should have transposed the 5th Anti Money Laundering Directive (AMLD) into national legislation by the 10th of January 2020. By making significant changes to the existing regulatory framework, EU member states aim in becoming more reactive to the continually evolving threat of Money Laundering and Terrorist Financing.  Furthermore, the AML 6th Directive is…

The ever-growing need for Anti-Money Laundering Talent

By Xenia Neophytou | February 9, 2020

“The kings of Wall Street used to be the traders and investment bankers who said yes to big deals and big trades, but today’s power brokers increasingly are the compliance officers who quite often say no to risky proposals.” NEW YORK, Oct. 14 (Thompson Reuters Accelus). Anti-Money Laundering (AML) compliance officers are a hot commodity…

Forex Trading, Opening CIF

Opening an Investment Firm in Cyprus

By Xenia Neophytou | November 19, 2019

Under the CIFs and Investment Firms Law, investment firms are controlled by the Cyprus Securities and Exchange Commission. Investment firms that offer services to third parties need to have a license from CySEC. This license allows companies to establish another branch in EEA jurisdiction without any additional license.   License To get CySEC’s authorization for…

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