Cyprus Investment Company (CIF)
Initial Capital Requirements
These requirements are classified according to the activities to be provided by the applicant CIF.
A CIF that provides one or more of the following investment services and holds clients’ money and/ or clients’ financial instruments, must have a minimum initial capital of €125,000:
– The reception and transmission of orders in relation to financial instruments.
– The execution of orders on behalf of clients.
– Portfolio management.
– Provision of investment advice.
A CIF that provides reception and transmission of orders and/ or investment advice without handling clients’ assets may have an initial capital of €50,000 or €40,000 plus professional indemnity insurance covering all Member States.
A CIF that provides one or more of the following investment services and activities shall have a minimum initial capital of €730,000:
– Dealing on own account.
– Underwriting of financial instruments and/ or placing of financial instruments on a firm commitment basis.
– Placing of financial instruments without a firm commitment basis.
– Operation of Multilateral Trading Facility.
When CYSEC is at the final stage of assessment of the application for the granting of a CIF license it will demand from the applicant, for the submission of a confirmation by a bank in Cyprus which will state that the entire initial capital required according to the Law is blocked in a bank account held by the bank and that it will remain blocked until the CIF authorization is granted.
What separates us from our competitors is that our services don’t end with the registration of your company. We offer a wide range of additional services others can’t or just won’t offer, such as lifetime free support.
Whilst most providers either specialise on personalized consultation at relatively high rates or run bulk registration factories without any support, we want to offer the positive aspects of both types.
Therefore TBA combines professional advice, worldwide registration services, reasonable fees, customized order processing, lifetime support and fast processing. Where others see company formation services as a bulk registration with no support and no individual assistance, we do care about your business needs
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