Licenses Granted by the Cyprus Securities and Exchange Commission under Law 87(Ι)/2017

The Cyprus Securities and Exchange Commission (CySEC) is the regulatory body responsible for overseeing the financial markets in Cyprus. One of its primary functions is to grant licenses to companies that wish to operate in the financial sector.

Under Law 87(Ι)/2017, CySEC has the authority to issue licenses to investment firms, collective investment schemes, and alternative investment fund managers. These licenses allow companies to provide a range of financial services, including investment advice, portfolio management, and trading in financial instruments.

To obtain a license from CySEC, companies must meet a number of requirements. These include having a registered office in Cyprus, having a minimum level of capital, and demonstrating that they have the necessary expertise and experience to operate in the financial sector.

Once a company has been granted a license, it must comply with a range of regulations and reporting requirements. These include maintaining adequate records, submitting regular financial reports, and undergoing regular audits by independent auditors.

The benefits of obtaining a license from CySEC are numerous. Firstly, it allows companies to operate legally in the financial sector, which can help to build trust and confidence with clients. Secondly, it provides companies with access to the EU market, as Cyprus is a member of the European Union. Finally, it demonstrates that companies have met a range of regulatory standards, which can be an important factor for investors when deciding where to place their funds.

In conclusion, licenses granted by the Cyprus Securities and Exchange Commission under Law 87(Ι)/2017 are an important regulatory requirement for companies operating in the financial sector in Cyprus. They provide a range of benefits, including access to the EU market and increased credibility with clients and investors. Companies that wish to operate in this sector should ensure that they meet the necessary requirements and comply with all regulations and reporting requirements.

RUPIAH PAY CAPITALS can offer as well the following services in relation to the licence application, which include:

  • Opening of operational and clients bank accounts (worldwide).
  • Assistance with recruitment of personnel (e.g. Executive Director(s), Independent Non-Executive Director(s), other required qualified personnel)
  • Provide outsourced services, such as Accounting, Bookkeeping, Internal Audit, External Audit, Capital Adequacy calculation
  • Provide outsourced Compliance & AML Support services
  • Provide outsourced Risk Management services
  • Assistance with finding local premises
  • Assistance with Trademark & Brand Name registration
  • Provide in-house trainings/seminars
  • Provide Legal Opinions
  • Provide DPO & GDPR Advisory services



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