Cyprus is a member of the European Union. Financial institutions formally registered in the financial supervision units of EU member States can obtain the authorization of the FSA in the UK, obtain the FSA registration number, and then accept British customers. Cyprus has the lowest tax revenue among all EU member states, accounting for only 10%. Therefore, considering the overall taxes and fees, many companies will choose to land in Cyprus. Companies registered in Cyprus can do business in Europe. Cyprus authorities have lifted restrictions on foreign direct investment, and in most cases, they can allow foreign investors to own 100% equity. Cyprus Stock Exchange opens foreign securities investment.

Advantages of Cyprus:

(1) Cyprus legislation is a passport to the EU.

(2) Companies registered in Cyprus can do business in Europe.

Types of Cysec regulatory license in Cyprus

At present, there are two kinds of brokerage licenses in Cyprus, one is a license that can only be STP, and the other is a license that can be STP or market maker. The second kind of relative requirements and costs are also higher.

1. Agency license capital requirement: 200,000 euros. Monthly operating expenses: about 15000 euros;

2. Power of Attorney-Capital requirement of market maker: 6,543.8+0,000 euros. The monthly operating cost is about 15000 euros.

Cyprus Cysec license application process

1. Fill in the application number 144-03-0 1.

2. According to the second chapter of the application form, calculate the required cost steps.

3. Submit the application form to the Cyprus Securities and Exchange Commission.

4.CySEC examines the application or summons the applicant (if necessary).

5. The board of directors of China Securities Investment Fund decides whether to authorize or not.

6. Reply to the decision within 6 months from the date of application submission.

Information to be submitted:

1 Cyprus foreign exchange company information (no need to register the company first)

Write a business plan (white paper)

3 Bank account number of market maker (bank account number of foreign exchange company)

4. Submit to CySEC for review.

It should be pointed out that all "investment companies" registered by CySEC must participate in the investor compensation fund. When the investment company goes bankrupt or fails to fulfill its financial responsibilities, each retail customer will receive compensation of up to 20,000 euros. It is precisely because of this that investors will trust the supervision of Cyprus more ~ ~