Crypto License in Cyprus
Top 5 Advantages - Cyprus Crypto License
- High-level license for all financial services and FinTechs
- Wide range of financial instruments including crypto derivatives
- The #1 jurisdiction for B2C brokerage and trading companies
- Clear, proven and trusted framework: hundreds of licensees for various investment services
- Low taxation, 0% withholding tax
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