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Crypto License in Cyprus

Top 5 Advantages - Cyprus Crypto License

  1. High-level license for all financial services and FinTechs
  2. Wide range of financial instruments including crypto derivatives
  3. The #1 jurisdiction for B2C brokerage and trading companies
  4. Clear, proven and trusted framework: hundreds of licensees for various investment services
  5. Low taxation, 0% withholding tax
Packages to choose from:
Services
SmallMediumLarge
We prepare all documents and apply properly for the crypto license. This is a one-time fee, there are no recurring fees
Cryptocurrency License
We do the whole registration process, including the preparation of all needed documents, communication with state authorities and notaries
Incorporation
You do not need to visit this jurisdiction personally to incorporate - this will save time and money
Remote incorporation
You receive from us a legal address for your company, thus, no need to rent/buy a physical office
Legal address for 1 year
We act as the contact person between you and the authorities, who speaks the language and communicates with the license issuer
Contact person in the country
You grant us a power of attorney to carry out administrative work for you in the jurisdiction with different powers and terms of validity
Long-term POA
We assist you with drafts, templates and concrete examples of how to best prepare the documentation and obtain the according crypto license
Assistance in preparing all documents
We help you to review your business plan, or give you a template of a detailed business plan including charts, schemes and forecasts which you will need to adjust according to your business model
Assistance in preparing your business plan
We assist you in developing the right KYC processes and to implement the right AML-CFT procedures
Assistance in preparing compliance policies
We assist you search for office/warehouse/apartments and sign a rental/purchase agreement
Assistance in finding a suitable office
We assist you in the whole HR process: formulating requirements, advertising job, analyzing suiting candidates, coming to a written agreement
Assistance in employment of resident personnel
We provide you with the complete accounting needed for this jurisdiction, including monthly and yearly statements
Accounting for 1 year
Authenticates the seals and signatures of your official company documents stating the rights and obligations of the entity's members or stakeholders of the company of any form of ownership in accordance with the laws of the jurisdiction
Apostille of documents
A specific amount of hours of legal support by local legal professionals you may use on demand
Additional legal support
We assist you to proprely answer and open a corporate account that suits your business model
Bank account
Price
How to get a Crypto License in Cyprus?
Register a company in Cyprus1.
Open an account and deposit the share capital2.
Contract a professional indemnity insurance3.
Design the corporate structure and the business plan in details4.
Present and assess participants (background check, questionnaires)5.
Fill the application form with all the necessary annexes6.

Crypto License in Cyprus - what is possible?

There are several licenses in Cyprus one could use to create a crypto business. Depending on what the exact business model is, one may choose between the bigger and smaller licenses. They grant different rights and go along with different levels of requirements. The following type of projects are possible within the bigger framework of the Cyprus Crypto Currency License:

  • Custody
  • Fiat to crypto
  • Crypto exchange
  • ICO
  • ITO
  • DeFi projects
  • Crypto Investment Fund

In case you would like to run a crypto investment fund and invest your clients' funds - speak to our professionals, as there is a solution for this we may be able to offer you.

Requirements in Cyprus - what is needed?

Who regulates crypto companies in Cyprus?

Crypto business is regulated and overlooked by the Cyprus Securities Exchange Commission (CySEC), which regulates Investment Funds. There are basic minimum requirements to fulfill in order to apply for a Crypto Investment Fund in Cyprus. Our experienced professionals are able to help with all requirements for you to focus on the actual business:

  • Form a company in Cyprus
  • Contract a financial insurance for your clients' funds
  • Local substance: an office space with domestic employees
  • A detailed business plan including charts, schemes and forecasts
  • Certificate of no criminal record from all participants (shareholders, directors, compliance officers), which is not older than 3 months
  • A significant share capital
  • Constant monitoring of changes to AML laws and requirements applying to the jurisdiction

Known companies in Cyprus

AaaTrade
AaaTrade

FAQ