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CyAuSe - Cyprus Audit Services Ltd
Accace Circle BKR International
  • Home
  • About Us
    • Why CYAUSE?
    • Memberships
    • Our Clients
      • International Clients
        • Main Services to International Clients
        • Russian market
        • Greek market
          • Διαδικασία Ίδρυσης Κυπριακών Εταιρειών
        • Israel market
        • Asian Market
      • Cypriot Clients
        • Main Services
    • Our Team
    • Social Media
    • CYAUSE Careers
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    • Our fees
      • Full Package
      • Payroll Fees
      • Support Services
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      • Cyprus Investment Firms (CIFs)
      • Insurance Companies
    • Enquiries
    • ERASMUS / Student Training
    • New clients
  • Relocation
    • Cyprus Immigration - EU Nationals
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    • Cyprus Immigration - FAQs
    • FAQs
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    • Insurance Licensing
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      • Agent and Broker Differences
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      • Cyprus Insurance FAQs
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    • FAQs
  • Taxation
    • Find the Right Jurisdiction
    • Select Vehicle / Company Type
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    • Tax Free Income
    • Cyprus Tax Tips
      • Cyprus Tax Calculators
        • Cyprus Corporation Tax
        • Cyprus VAT
        • Cyprus Gross to Net Salary
        • Cyprus Dividend Tax
        • Cyprus Social Insurance
        • Cyprus Capital Gains Tax
      • Cyprus Property Owners
      • Cyprus Company Owners
      • Cyprus VAT Related Tips
      • Cyprus Employed Persons
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    • Cyprus Double Tax Treaty Network
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    • FAQs
  • Incorporation
    • Middle East Company Formation
      • UAE Companies
      • Qatar Companies
      • Saudi Arabia Companies
    • Create an International Company
      • Cyprus - Company Incorporation
        • Cyprus as a Business Centre
        • Head Quarter Relocation
        • Cyprus Company Maintenance
        • Cyprus Bank Account
        • Cyprus Company Creation Steps
        • Cyprus Company Tax Benefits
        • Cyprus Double Tax Treaty Network
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      • Outsource Payroll
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      • Final Accounts
      • Management Accounts
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Cyprus Investment Firms (CIF) Licensing | CySEC | CYAUSE

Home / Licensing / Cyprus Investment Firms (CIFs)
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CySEC-Regulated Investment Firms

Cyprus Investment Firms (CIF) Licensing

Operating and licensing a regulated Investment Firm in Cyprus is challenging because the regulatory environment is constantly changing and the licensing process can be time-consuming and costly.

A Cyprus Investment Firm (CIF) is licensed and supervised by CySEC and is entitled to provide investment services across the European Union and EEA member states via the EU Passporting System (5th Directive 2014/65/EU).

Cyprus Investment Firms

We can assist you

From application all the way to ongoing compliance and ad hoc advisory.

Phase A

Licensing Phase

  • Preparation or review of the full application package submitted to CySEC
  • Set up of branches abroad, or cross-border services for established firms
  • Review of existing applications and modification of requirements before submission
  • Application or review for firms adding services (NFT, Crypto, etc.)
Phase B

Ongoing Compliance

  • ICAAP Report (Internal Capital Adequacy Assessment)
  • Quarterly Capital Adequacy Reports (COREP)
  • Internal Audit Report
  • Suitability Report
  • Calculation of Profit (STP and Market Maker)
  • Assessment of trades execution
  • External Audit
  • Management Accounts and consultation on Compliance, Accounting and Tax matters
Phase C

Accounting and Audit

  • Back office accounting work
  • Outsourced payroll work
  • Outsourced tax, VAT, payroll taxes compliance and execution
  • Ad hoc advisory on all matters

Application Requirements

Submit a complete application package to CySEC.

  • CIF Application package documents
  • CySEC application form
  • Directors, key personnel and shareholders with special participation information (qualifications, CV, etc.)
  • Company legal documents (Certificate of Incorporation, Memorandum and Articles of Association, etc.)
  • Group structure
  • Organisational structure
  • Clean criminal records and Certificates of Good Standing of shareholders, Board and employees
  • Company's Internal Operations Manual for all activities
  • Business plan of the first 3 years
  • Anti-money laundering and know-your-client procedures (due diligence)

Capital Requirements by Licence Category

Minimum initial capital depends on the scope of investment services offered.

Category A: Basic Investment Services

  • Reception and transmission of orders
  • Execution of orders on behalf of clients
  • Portfolio management
  • Provision of investment advice
€75,000 if funds are not withheld
€100,000 if funds are withheld

Category B: Full Investment Services

  • All Category A services
  • Dealing on own account
  • Financial instruments underwriting / Firm commitment placing
  • Placing of financial instruments without firm commitment
  • Operating a Multilateral Trading Facility
  • Operating an Organised Trading Facility
€750,000 (funds withheld)

Financial Instruments

Instruments that CIFs may deal in:

Transferable securities
Money market instruments
Units in collective investment undertakings
Options, futures, swaps, forward rate agreements and derivatives
Financial contracts for differences (CFDs)

CySEC Annual Fees

Calculated based on the annual audited financial statements.

Fixed charge depending on services provided €5,000 to €10,000
Variable fee on turnover €500,001 to €1,000,000 0.75%
Variable fee on turnover €1,000,001 to €5,000,000 0.1875%
Variable fee on turnover €5,000,001 to €10,000,000 0.1125%
Variable fee on turnover exceeding €10,000,001 0.0975%
Additional charge for CIFs providing CFD services €3,000

CIF Licensing Fees

Our quoted licensing fees per license type.

License TypeFee
Simple LicenseFrom €15,000 + VAT + Disbursements
STP License€20,000 + VAT + Disbursements
Market Maker LicenseQuoted based on scope and complexity

Disbursements are recurring and depend on the licence type and requested services. Minimum fee: €7,000. More pricing details →

Learn more about Cyprus Investment Firms

Capital & Reporting

Changes to Capital Requirements and Reporting

Class 2 CIFs

Changes on Capital Adequacy Reports (COREP)

COREP

Common Errors and Guidance

Internal Audit

Internal Audit on CIFs Explained

Reference

Glossary for Investment Firms and Regulated Entities

Ready to Start Your Licensing Application?

Contact us for professional licensing services and avoid costly application rejections.

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