As the global landscape for cryptocurrency continues to evolve, countries worldwide are defining their stances on digital assets. Indonesia, with its rapidly growing economy and technological advancements, has been no exception. The regulation of cryptocurrencies in country has become a focal point for both local and international investors. This article delves into the specifics of…
Commonly, legal opinion is what we consider as an experienced lawyer’s advice. It is presented in the form of a document prepared by a client’s requirement. The article will provide you with all interested details regarding the provision of legal consultation. Legal opinion: Why do we need it? Banks frequently demand LOs from risky businesses…
1. Sorts of Commercial Units, Their Homestead and General Charge issues This country offers diverse business units with distinct lawful divisions, including the SA requiring EUR 30,000 minimum capital and the SARL with EUR 12,000, managed by boards of directors. The SARL limits subsidiaries to one hundred and could not trade publicly, while the SCA…
1. Trade License Acquiring a pervasive trade licence is a pivotal step for most commercial functioning in Switzerland. This licence is mandatory that assures your commercial functioning bonds to indigenous market rules and protocols. Here’s what you should know: Submission routine: You can apply for a commercial licence to the local canton’s market branch. This…
This is a new investment opportunity – SPI license in UK for sale. Please check out the main details regarding this proposal below. SPI license in UK for sale: key considerations Small Payment Institution (SPI) in UK for sale; Company was licensed by FCA in 2018; Allowed activities (money remittance, foreign exchange); Company has 3…
Seize the opportunity to effortlessly establish your business in the UK with our ready-made company, complete with premium bank accounts at Barclays and HSBC. Key features Company for Sale in UK with Barclays & HSBC Accounts Company Details: – Incorporated: 2024 – Registered Address: England – Company Type: Private Limited Company – Nature of Business…
Are you ready to establish your business presence in the UK effortlessly? Discover our exclusive offer—a ready-made company with immediate access to Natwest, Revolut, and Wise bank accounts. Here’s what you need to know: Key features Company for Sale in UK with Established Bank Accounts – Company Details: Founded in 2024, work in non-specialised wholesale…
An active transportation company limited by shares (SA) in Switzerland is now available for sale. This company, was established in 2020 and operates in the passenger and cargo transportation sector with a focus on sea and rail transport. Key Features Transportation Company in Switzerland Corporate Structure Form: Company limited by shares (SA) Year of Registration:…
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+1 (888) 647 05 40Cyprus is a profitable territory for conducting business in the field of monetary services.
A favor provider may give payment favors provided that they have obtained a PI permission from the bank of Cyprus. That is, the enrollment of such a company in Cyprus clearly requires a permission for this type of activity.
The CBC is the liable body for the supervision and appeal of the appropriate law and the European Union Directive to all payment institutions licensed in Cyprus. In addition, the CBC is the observational authority for the enforcement of this law in relationship to the position of payment favors in the island through a branch or representative office, a bank or payment establishment, and an electronic money institution that has been authorized to ensure such favors from other EU members.
Applying for a PI or EMI license involves meeting several conditions. The company must be registered in Cyprus, the company headquarters must be in Cyprus and the company must have two executive directors, both of whom reside in Cyprus. These managers should have appropriate business training, doubled by experience. For licenses valid for monetary service, the primary fund requirement is EUR 20,000. If you want to get a certificate for monetary services 1 – 5, a primary capital of 125,000 euros is needed. After obtaining a license at the Central Bank of Cyprus, you can get a passport. This means that you can offer e-money services internationally to all EU members. For this, you only need to notify the Central Bank.
The provision of electronic money services in Cyprus is regulated by the Electronic Money Laws 2012 and 2018.
The Cyprus Securities and Exchange Commission regulates the compliance of financial rules and transactions with the European harmonized financial legislation MiFID.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.