Eternity Law International — News — Apply for CySEC Market Maker License Cyprus

Apply for CySEC Market Maker License Cyprus

Published:
June 18, 2024

Cyprus established its image as an EU-state committed to forming legislative grounds for brokers. Getting a market-maker permit on the island is a highly-lucrative and promising solution in frames of quick and efficient business-development. CySEC license for Forex market makers gives possibilities to conduct operations to ensure financial tools liquidity, offering them for purchase/sale deals.

Our team is specialized and highly-qualified experts in launching and licensing businesses in any commercial areas and jurisdictions. We’re aware of nuances of regulating the activities of brokers in Cyprus and are ready to grant you fully-covering individual advice on any related issues.

Obtain CySEC market maker license in Cyprus: regulation

This type of authorization in this jurisdiction is controlled and monitored by Local Commission (CySEC). By applying for this permit with assistance of our experts, you avoid long waits for approval. We’ll take care of all legal issues.

It opens up broad possibilities for providing financially-related services.

  1. Ensuring liquidity in financial markets.
  2. Providing access to MT4/MT5 trading platforms.
  3. Carrying out transactions with various financial tools.
  4. Maintaining efficient interaction with clients through CRM-systems.
  5. Management of corporate accounts for financial deals.

Thus, this permit represents an ideal entry into the financial services sector with a ready-made infrastructure and abilities to start operating immediately. One of key tasks of a firm with this permit is to ensure securities liquidity. Additionally, it provides significantly-meaning advice to clients in areas of issues, working with securities and shares, and other techniques for resolving financial issues.

Such licensed businesses actively participate in securities markets, executing orders from clients to buy/sell shares and securities. They possess  rights to run securities transactions, provide money market instruments, enter into agreements for currencies, interest rates, and conduct transactions with credit-risks and financial contracts for difference.

We grant fully-covering assistance at all phases, helping to organize functioning locally bearing in mind all norms and regulative points. Getting a locally-approved permit might be complicated. Our team of experts will grant the necessary legally-related support to ensure your firm complies with legal rules and standards.

Benefits of having a CySEC market maker license

Since 2004, Cyprus’s been an EU-member; it allows firms with brokerage licenses to act in any EU-member state upon notification. Additionally, starting in 2012, CySEC became the first body to officially-control binary options as a financial tool.

  1. Getting a permit gives possibilities for financial organizations to operate throughout the EU-countries according ot 2004 EU-Directive on MiFID.
  2. Cyprus offers low tax-rates: 10% for operations carried out locally and 0% for outside transactions.
  3. Local financial regulative legislation complies with EU-directives and contains clear criteria for getting licenses. Binary options and FX are legally-regulated.

How to get a market maker license with CySEC

Applicants need to submit documents to CySEC and meet several criteria.

  1. Office-premises need to be located locally, and key activity must be carried out there.
  2. Firms need to pay fees through local Central Bank and get a banking account without rights to withdraw monetary means for permit duration.
  3. Size of initial capital depends on activities-type and needs to be confirmed by a banking reference.
  4. Organizations need to possess certain personnel and provide specific documents, incl. a business-plan, a three-year financial plan and anti-fraud and anti-money illegal circulation policies.

Failure to comply with these norms might result in permit denial. Regulative authority is required to make a decision within six-month-period after receiving the application, but it usually takes about 4 months.

Currently, the FX-industry has gained immense popularity in various countries, especially in the CIS-countries. If you[re thinking about becoming a European FX-broker, we strongly recommend you to consider Cyprus. It specializes in issuing such licenses and possesses professional financial departments and qualified personnel. Moreover, it developed standards for issuing FX-licenses for firms going to work in EU-environment.

Local law-basis asks investment companies to be officially-launched under the Investments Regulated Act. Firms need to get authorization and permit from CySec. Cyprus investment firms possess abilities to act as a FX-dealer providing investment advice, portfolio management and more; it differs from the rules in some other jurisdictions.

CySEC Market Maker license requirements

After officially-launching a firm, next step is to get a banking account into which the initial capital will be deposited. After depositing capital, you need to get a certificate confirming funds availability. It’s included in CySEC submission package. It’s essential to bear in mind that initial capital needs to remain in the account without withdrawal right.

To get a permit, entrepreneurs need to submit applications to regulative authorities and provide next-mentioned: the company’s organizational structure, business-plan, manual on internal procedures and anti-money illegal circulation prevention, meeting CySEC norms and standards.

  1. Financial forecast for three-year-period.
  2. Manual politics.
  3. AML-risk management and compliance guides.
  4. Questionnaires for shareholders/directors.
  5. CySEC market maker license application.
  6. Certificates of good conduct and certificates of non-bankruptcy for shareholders/employees.

Additionally, to satisfy corresponding norms dn craeris, some employees need to be appointed and approved by regulative authority to ensure their reputation and competence for positions concerned. To renew CySEC market maker license Cyprus takes extra expenses each time.

Our experts are ready to accompany you consultatively and practically at all phases of this path. We grant highly-qualitative CySEC market maker compliance services and possess a variety of profitable options for ready-made companies with an STP license in Cyprus for sale. Turn to us now and secure your commercial future.

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