The role of Cyprus in the international business world has increased dramatically due to the numerous benefits it has to offer; Cyprus is now considered one of the most favored jurisdictions in Europe from which to conduct international business.

Being a member of the EU, Cyprus is in full compliance and duly harmonized with the EU Markets in Financial Instruments Directive (MiFID) has established Cyprus as favourable jurisdiction for licenced Forex businesses.

A Cyprus Forex Company is granted a Cyprus Investment Firm (CIF) license by the responsible regulatory body "Cyprus Securities and Exchange Commission" (CySec).
(refer to Cyprus Investment Firm (CIF) publication).

Capital Requirements

  • Forex Brokerage Firms providing only advice and order transmissions require a share capital of EUR 80.000.
  • Forex Brokerage Firms operating only as Broker / Agent require a share capital of EUR 200.000.
  • Forex Brokerage Firms providing all services and handling third party funds require a share capital of EUR 1.000.000.

Main Requirements

  • Fully fledged office in Cyprus
  • At least on local Director
  • Proper internal controls procedures
  • Capital requirement as above

CFA Auditors - Cyprus Audit Tax Advisory © 2017