Cyprus Investment Company (CIF)
If you plan to offer any of the following services, and wish to solicit clients residing in the European Union:
Then you should consider establishing a Cyprus Investment Firm (CIF)
Cyprus is the ideal jurisdiction for providing Financial Services to customers residing in EU countries.
The reason for this is two-fold:
- A “CIF” offers a “Single Passport” to providing Investment Services across the EU; by establishing a “CIF” you are able to solicit clients throughout Europe.
- A “CIF” offers favorable tax treatment due to the fact that Cyprus has one of the lowest corporate taxation regimes in the EU and has particularly favorable tax provisions pertaining to financial services.
It is useful for you to be familiar with some of the aspects of the relevant legislative framework in relation to CIFs. It is CIFs are special corporate entities that operate under an Authorisation granted by the competent authority which is the CySEC in order to provide one or more investment services to third parties or/and performs one or more investment activities on a professional basis.
The important aspect about the CIF is the passporting. Passporting – the license granted by CySEC to operate as a CIF, provides the opportunity to the company to offer directly cross-border investment services or establish a branch in another EU or EEA jurisdiction without the need to obtain any additional licenses.
If you are in search for an appropriate and affordable corporate vehicle for entering European markets, or if you simply seek to optimize a group holding structure and reduce your overall tax burden, then the Republic of Cyprus should be your jurisdiction of choice, for Cyprus possesses the following strategic advantages.
The setting up of a Forex company is more complex than the setting up of a usual company as it is then classed as a Cypriot Investment Firm and must comply with the laws regulating such activities as well as the Cyprus Company Law.
Should you have any question or
Matter you would like to discuss with us
Our multi-lingual team of business advisors is happy to assist you with all upcoming questions and issues in relation to your company.
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