Funds level should stay above the limit specified by the CySEC
Staff should use their own name to communicate with clients
Criminal records
Have a proper system to prevent money laundering and terrorist financing
An annual statement
Documents require
For Brokerage Company;
Group Structure
Organisational Structure
People Proofs of each key person (Notarized Passport, Notarized Proof of Address, Bank Reference Letter, Original professional Reference Letter, Certified Certificate of Non-Bankruptcy and Non-Criminal Records, Bank Statement, Diploma, Source of Funds, Tax Declaration)
Marketing Plan
Financial Plan
The timing
6-9 months
Cost
54000 USD - 780000 USD
The Cyprus Securities and Exchange Commission, known as CySEC, is the financial regulatory agency of Cyprus. As an EU member state, CySEC's financial regulations and operations comply with the European MiFID financial harmonization law.
