What we DO:

Under our Services portfolio, we are EXCLUSIVELY engaged in assisting worldwide clients, either individuals or corporate entities, to get duly and properly registered and licensed with local Regulators and Financial Authorities, to get respective official financial licenses to legally enable them to carry out their own financial business activities.

What we DON’T do:

TBA & ASSOCIATES – TAX BUSINESS ADVISORS LIMITED does not carry out any sort of investment, financial advice or financial business activity.

Cyprus Investment Company (CIF)
Initial Capital Requirements

Cyprus Investment Company (CIF)
Cyprus – Strategic Advantages
Initial Capital Requirements
Organisation and Structure Requirements
Conditions for the Granting of a License
How TBA can Help You

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.