Cyprus Relocation-Tech companies headquartering hub

Cyprus: A Headquartering Hub for Tech Companies

Cyprus: A Headquartering Hub for Tech Companies Over the past two decades, Cyprus has developed as a headquartering hub, with global organizations choosing the country as the home for their major operations. Companies from the USA, Russia, Ukraine, and Israel have already relocated their headquarters in Cyprus, taking advantage of the island’s cutting-edge regulatory regime,…

The growing fund industry in Cyprus

The growing fund industry in Cyprus

In just a few years, Cyprus has become one of the top emerging investment fund centers in Europe. At the end of the third quarter of 2021, the amount of Assets under Management of Cypriot investment funds reached €11.6 billion, and the island’s growth rate has far outshined that of other European countries. Xenia Neophytou,…

Entities for sale by CX Financia

Entities for sale by CX Financia

When acquiring or selling a ready-made company, it’s important that you have a trusted partner by your side who understands the industry, the regulatory framework, and the potential risks involved. Our team at CX Financia will work together with you to identify the most suitable jurisdiction and business model for your goals. Our success lies in our expertise in buying and selling, our trusted network…

Funds in Cyprus – The benefit

Funds in Cyprus – The benefits

The Financial Services Growth Sector in Cyprus has attracted significant amounts of Foreign Direct Investment (FDI). This also includes funds from the European Bank for Reconstruction and Development (EBRD). The European Investment Bank has been a supporter of Cyprus for 35 years, with investments of 2.7 billion euros. Also, Cypriot banks are all fully recapitalized…

CySEC’s requirements for Heads of Compliance and MLCOs

CySEC’s requirements for Heads of Compliance and MLCOs

Cyprus Securities and Exchange Commission (the “CySEC”) from time to  time performs onsite inspections to its Regulated Entities to assess their compliance with the Prevention and Suppression of Money Laundering and Terrorist Financing Law (‘the Law’) and the CySEC’s Directive for the Prevention and Suppression of Money Laundering and Terrorist Financing (‘the Directive’). Although CySEC…

Cyprus Investment Firms (CIFs) – All you need to know

Cyprus Investment Firms (CIFs) – All you need to know

The financial sector in Cyprus is continuously growing. Our company has been successfully obtaining licences for our clients for the authorisation of Investment Firms (CIFs), Investment Funds (AIFS and AIF Managers) and Electronic Money Institutions (EMIs). We fully support them in setting up their business, maintaining it operational and addressing their post-licensing challenges and requirements. We undertake, advise and…

How to Register with CySEC as a Crypto Asset Service Provider (“CASP”)

How to Register with CySEC as a Crypto Asset Service Provider (“CASP”)

On 25 June 2021, the Cyprus Securities and Exchange Commission (the “CySEC”) released its directive on the CASP register (the “CASP Directive”), which forms subsidiary legislation issued under section 61E of the Cypriot Prevention and Suppression of Money Laundering Law 2007.Furthermore, on 13 September 2021, CySEC issued a Policy Statement on the Registration and Operations…