Register of Ultimate Beneficial Owners in Cyprus

Register of Ultimate Beneficial Owners in Cyprus – what you should know

What is the Ultimate Beneficial Owner register? The Ultimate Beneficial Owner (“UBO”) register is a national database containing information regarding UBOs. The implementation of the UBO register is a requirement under the 4th AML Directive (Directive 2015/849). Cyprus implemented the UBO register by designating the Department of Registrar of Companies and Official Receiver (the “Registrar”)…

The Blockchain Awakening

The Blockchain Awakening

Last week the “The Blockchain Awakening” event took place in Limassol at Atlantica Miramare Beach Hotel. The conference aimed to educate participants about cryptocurrencies and the applications of blockchain technology. Esteem speakers Giorgos Agathangelou, Kambiz Djafari and Bogdan Maslesa provided excellent presentation providing partakers with an inside on the recent developments on virtual currencies and current…

CX Financia - Company Overview

C.X. Financia – Company Overview

C.X. Financia is a boutique consulting Cyprus firm that offers reliable legal and regulatory compliance services. We assist corporations and high-net-worth individuals from around the world in setting up new businesses and obtaining appropriate licenses so that they can grow into successful, compliant businesses. We envision ourselves as an empowering member of the business community,…

New Passporting Guidelines – C233

With the issue of CySEC Circular 233 – MiFID II Main changes in relation to passporting issues and new notification forms, CySEC draws the attention of Cypriot Investment Firms to the new conditions required under MiFID II for the cross-border provision of their products and services to member states. Under MiFID II Investment Firms are…

Post Brexit Jurisdiction Option

Post Brexit Jurisdiction Option

Since the UK has confirmed its plans to leave the single market, many UK regulated financial services firms risk losing access to EU markets and clients. As such, these firms are avidly looking for alternative jurisdictions for business. A combination of several favourable factors has led to Cyprus to become a popular jurisdiction among investors…