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Name of Trust
Termination of Trust
About termination
Termination of the Trust can be stipulated in the Trust deed, but is not mandatory. It can be specified as a specific date as well as occurrence of a specific event, like, death or birth of a specific person, graduation from college, marriage etc. Trusts whose termination is not specified in the Trust deed will be terminated according to the provisions of law.
There is no maximum restriction on the duration of Cyprus trusts unless otherwise provided for in the terms of the trust.
Will the termination of Trust be specified?
Revocability
About revocability
Revocation is the reserved power of the Settlor to cancel the trust and in such a case the trust assets be returned to him. By clear provision in the Cyprus International Trusts Law an international trust is deemed irrevocable. The trust may be revoked only if it is clearly stipulated so in the trust deed (which is not prohibited).
A Settlor’s right to revoke the trust may raise complications in that it may be easier to attack and classify as “sham” and consequently null and void. The property of a revocable trust may also be targeted and claimed by the Settlor’s creditors, which would not be possible in case of a irrevocable trust.
Will the Trust be revocable?
Type of Trust
Details
In order to qualify as Cyprus International Trust, the settlor must be a non-resident and the trust must be established for non-resident beneficiaries during the calendar year which precedes the year of the establishment of the Trust. At least one trustee must be a permanent resident of Cyprus.
(!) Subject to the complexity involved, the fees for drafting trust deed may be higher than our standard rates. The final costs will be subject to review and approval based on specific requirements and situation. We're happy to provide a detailed estimate once we have a full understanding of the scope.
Details
In order to qualify as Cyprus Domestic Trust, the settlor or one of the beneficiaries must be a Cyprus resident. At least one trustee must be a permanent resident of Cyprus.
(!) Subject to the complexity involved, the fees for drafting trust deed may be higher than our standard rates. The final costs will be subject to review and approval based on specific requirements and situation. We're happy to provide a detailed estimate once we have a full understanding of the scope.
BENEFICIARIES
Do you wish to be irrevocably excluded as a beneficiary?
Who will be the beneficiaries?
Please select at least one option:
TRUSTEE
About Trustee
Trustees are under a legal obligation to exercise a fiduciary duty of care and maintain the Trust property for the benefit of the Beneficiaries. Trustees are legally precluded from using the Trust assets for their own ends. All the duties and powers of the Trustees are well regulated in Cyprus legislation.
Do you wish "Fidesta Ltd.” to act as your Trustee?
TRUST MANAGEMENT
About Trust Management
Income under the Trust is usually distributed to the beneficiaries according to the instructions of the Trust deed. Cyprus legislation permits also the possibility to accumulate the income of the Trust adding it to the Trust capital. It can then be used for reinvestment or other purposes and distributed later or upon termination of the Trust.
Income under the Trust shall be distributed as follows:
Do you wish to provide any special instructions, obligations or restrictions for the beneficiaries?
Do you wish to provide any special instructions regarding the Trust asset and income management?
Upon your death, do you wish the Trust to be:
PROTECTOR
About Protector
The protector is not a mandatory party to a trust, but may be chosen by the settlor. The function of the protector is to supervise the trustee, thus providing additional assurances to the settlor that the trust assets are properly managed. In extreme circumstances, the protector may remove or replace the trustee.
Do You wish to appoint a Protector to the Trust?
ACCOUNTANT
About Accountant
Appointing an accountant is not mandatory for Cyprus Trust, however for someone that has valuable assets under the trust it is highly recommended to keep accounting records and audited financial statements. Fidesta offers these services, but You can also choose to appoint your own accountant.
INVESTMENT ADVISOR
About Investment Advisor
Appointing an Investment Advisor is not mandatory for establishing Trust, but to ensure that trust assets are most prudently utilized, you can appoint an Investment Advisor who will see to the investments of the trust assets. Fidesta does not provide investment advisory services, therefore if you choose to appoint an Investment Advisor for the Trust, you will have to provide an Investment Advisor on your part.
LEGAL ADVISOR
About Legal Advisor
Appointing a Legal Advisor is not mandatory for Cyprus Trust, but for your own security and peace of mind you can appoint a Legal Advisor who will see to the legal matters of the trust and its assets.
Fidesta oes not provide legal services, therefore,if you choose to appoint a Legal Advisor for the trust, you will have to provide a Legal Advisoron your part.
Bank account
Why would I need this?
Professional fee for preparation, execution and filing of an account application in Cyprus. Includes all reasonable follow-up assistance. Significant client input is required. Banks have their own client-acceptance rules and we can not influence them. Success with the account opening is not guaranteed. Account acceptance mostly depends on the personal and business profile of the client. In case account application is rejected by the bank, no refunds are provided.
Bank account introduction fee is one-time fee.
(!) An annual bank introducer fee / introducing agent fee (€ 150) applies from the second year.
(!) When Cyprus based director is provided by Fidesta Ltd and is appointed as bank account signatory, annual account signatory fee (€ 300) applies starting from second year and the bank introducer fee (€ 150) is waived.
Why would I need this?
Professional fee for preparation, execution and filing of an account application outside Cyprus. Includes all reasonable follow-up assistance. Significant client input is required. Banks have their own client-acceptance rules and we can not influence them. Success with the account opening is not guaranteed. Account acceptance mostly depends on the personal and business profile of the client. In case account application is rejected by the bank, no refunds are provided.
Bank account introduction fee is one-time fee.
(!) An annual bank introducer fee / introducing agent fee (€ 150) applies from the second year.
(!) When Cyprus based director is provided by Fidesta Ltd and is appointed as bank account signatory, annual account signatory fee (€ 300) applies starting from second year and the bank introducer fee (€ 150) is waived.
Why would I need this?
Bank account introduction with Electronic Money Institution (EMI)
Professional fee for preparation, execution and filing of an account application with EMI provider.
The introduction fee, as charged by Fidesta, is a service fee. For this fee, we will do our best to assess your needs, provide guidance while you complete the application forms, and assist with compiling the necessary due diligence documentation. We will also coordinate communication with Electronic Money Institution on your behalf.
Significant client input is required. EMI providers have their own onboarding and compliance procedures which we cannot influence. Success with the account opening is not guaranteed. Final acceptance depends on the client’s business model, transaction profile, and risk assessment. If the application is declined, the introduction fee is non-refundable.
The EMI account introduction fee is a one-time fee.
(!) An annual bank introducer fee / introducing agent fee (€ 150) applies from the second year.
(!) When Cyprus based director is provided by Fidesta Ltd and is appointed as bank account signatory, annual account signatory fee (€ 300) applies starting from second year and the bank introducer fee (€ 150) is waived.
Services
Do I need this?
Business address and document management
This service offers businesses operating remotely a secure and reliable way to handle their documents and packages, providing a physical business address in Cyprus. It enables clients to receive mail and documents, which can be forwarded to any location they choose, and also allows them to send out their own commercial documents from the Cypriot address. Along with these core functions, it includes standard virtual office amenities like mail forwarding. The service is priced at €500 per year (plus vat), with additional fees for mail and document forwarding as needed.
Do I need this?
Personalized call handling through a Cyprus telephone number. Annually recurring fee. Additional disbursements may apply subject to usage.
Do I need this?
All active Cyprus companies must keep full books and records, conduct proper accounting, prepare and file tax returns and pay actual tax as and when applicable.
Our fees can be agreed in advance depending on the activities, volume and complexity of transactions.
Do I need this?
Audited financial statements must be prepared for all active Cyprus companies and must be filed on annual basis with the Cyprus registrar of companies and Cyprus tax authority.
Our fees can be agreed in advance depending on the activities, volume and complexity of transactions.
Documents and Registrations
Do I need this?
A full set of certified copies legalized by Apostille
A bound set of all primary documents of the company, certified as true copies by certification officer (notary) and legalized by Apostille. Recommended, if company documents are required for presentation outside Cyprus.
Do I need this?
Special power of attorney
Through a Special Power of Attorney, you, or anyone else, can be granted certain limited rights to represent the company. For instance, the powers to negotiate and conclude one specific purchase, to perform customs-clearance of goods in one certain location, to register a foreign subsidiary, to operate one specific bank account, etc. Special Powers of Attorney can be issued as, and when necessary to company employees, agents or to the owners themselves.
(!) Usage of Powers of Attorney may be risky and result in tax liability! Many high-tax countries impose local taxation on individuals who act through a Power of Attorney, issued by an offshore company! Please carefully consider your tax circumstances before choosing this option!
Do I need this?
Certificate of Good Standing
A Certificate of Good Standing is issued by the Registrar of Companies upon demand. The CGS evidences that the company still exists in the Registry, has not been struck-off and is not in liquidation. Fresh Certificates of Good Standing are often required by banks and financial institutions. Usually not necessary for a newly registered company. Recommended for existing companies over 6 months of age.
Do I need this?
The Certificate of Good Standing (CoGS)
A Certificate of Good Standing is issued by the Registrar of Companies upon demand. The CGS evidences that the company still exists in the Registry, has not been struck-off and is not in liquidation. Fresh Certificates of Good Standing are often required by banks and financial institutions. Usually not necessary for a newly registered company. Recommended for existing companies over 6 months of age.
If the document is intended for use in a country other than the country of company registration, it must be legalized by apostille.
Do I need this?
Certificate of Incumbency
A certificate, issued by the registered agent of the company. Shows, in one document, the current actual composition of the company, including its address, capital, shareholders and directors. Can be issued upon demand as and when needed. Sometimes required by banks and financial institutions.
Do I need this?
A certificate of incumbency
A certificate, issued by the registered agent of the company. Shows, in one document, the current actual composition of the company, including its address, capital, shareholders and directors. Can be issued upon demand as and when needed. Sometimes required by banks and financial institutions.
If the document is intended for use in a country other than the country of company registration, it must be legalized by apostille.
Do I need this?
Obtain VAT number. May be required when the company trades actively and must account for the Value Added Tax.
Do I need this?
May be required for companies that hold financial assets, such as bonds and stocks.
Do I need this?
A Certificate, issued by the Cyprus Tax Department, evidencing that the company is tax-resident in Cyprus. Includes €80 application processing fee. May sometimes be required in order to resolve tax disputes outside Cyprus.
Do I need this?
Registration confirming legal residence status in Cyprus, required to secure residence rights and access public services.
Do I need this?
Mandatory registration with the Social Insurance Services, required for legal employment in Cyprus, payment of contributions, and employee access to healthcare and benefits.
Do I need this?
Registration with the Tax Department to obtain a personal tax identification code, required for compliance with local tax laws and correct reporting of income.
Do I need this?
Certificate issued by the Cyprus Tax Department confirming non-domicile status, often required to benefit from exemptions on dividend and interest income under Cyprus tax law.
Delivery
Why would I need this?
Instead of keeping confidential and sensitive original documents at your home, you may choose to leave them in safe custody with the Registered Agent. Scanned electronic copies can be provided at any time, or the original documents can be couriered out at request.
Details
- Cyprus company formation.
- One company name approval.
- A set of Registry-certified Memorandum and Articles of Association and first Certificates:
- certificate of incorporation;
- certificate of registered address;
- certificate of directors and secretary;
- certificate of shareholders and share capital.
- Registered office address for the first year.
- Resident secretary service for the first year.
- Corporate Seal.
- Registration with the Cyprus Tax Department.
- Filing of Memorandum and Articles of Association in English.
- Express incorporation fee.
Package Fee: € 1150.75
Details
- Cyprus company formation.
- One company name approval.
- A set of Registry-certified Memorandum and Articles of Association and first Certificates:
- certificate of incorporation;
- certificate of registered address;
- certificate of directors and secretary;
- certificate of shareholders and share capital.
- Registered office address for the first year.
- Resident secretary service for the first year.
- Corporate Seal.
- Corporate directorship service for the first year.
- Registration with the Cyprus Tax Department.
- Filing of Memorandum and Articles of Association in English.
- Express incorporation fee.
Package Fee: € 1745.75
Details
- Cyprus company formation.
- One company name approval.
- A set of Registry-certified Memorandum and Articles of Association and first Certificates:
- certificate of incorporation;
- certificate of registered address;
- certificate of directors and secretary;
- certificate of shareholders and share capital.
- Registered office address for the first year.
- Resident secretary service for the first year.
- Corporate Seal.
- Corporate directorship service for the first year.
- Registration with the Cyprus Tax Department.
- Registration with the Cyprus VAT/VIES department.
- Filing of Memorandum and Articles of Association in English.
- Express incorporation fee.
Package Fee: € 2102.75
Details
- Cyprus company formation.
- One company name approval.
- A set of Registry-certified Memorandum and Articles of Association and first Certificates:
- certificate of incorporation;
- certificate of registered address;
- certificate of directors and secretary;
- certificate of shareholders and share capital.
- Registered office address for the first year.
- Resident secretary service for the first year.
- Corporate Seal.
- Registration with the Cyprus Tax Department.
- Filing of Memorandum and Articles of Association in English.
- Express incorporation fee.
- Bank account opening.
- Assistance with personal registration with the Civil Registry and Migration Department.
- Registration of company and employee with the social insurance authorities.
- Personal registration of employee with the Cyprus tax office.
- Non Domicile Certificate.
Package Fee: € 3173.75
Details
-
A set of Registry-certified Memorandum and Articles of Association and first Certificates:
- Certificate of incorporation.
- Certificate of registered address.
- Certificate of directors and secretary.
- Certificate of shareholders and share capital.
- Registered office address.
- Resident secretary service.
- Corporate Seal.
- Corporate directorship service.
- Corporate shareholder service.
- Registration with the Cyprus Tax Department.
- Filing of Memorandum and Articles of Association in English.
- Aged fees.
- Government license fee/s depending on the age of company.
Description
One name approval is included in package, should the name be rejected each additional name check is charges at €50 plus VAT. Name approval usually takes 4-5 days.
Description
These company names have been approved for registration by the Registrar.
Name (1st option)
Name (2nd option)
Name (3rd option)
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Shareholders
About corporate shareholder service
Company shareholder data is on public registry in Cyprus. This service shields that information. Provided by a licensed corporate custodian. Annually recurring fee.
About individual shareholder service
Shareholding service, provided by a licensed private individual. Appears more natural and elegant. Less costly in long term, due to easier documentary requirements for third-party compliance purposes. Annually recurring fee.
About direct shareholding
Company shares will be issued directly in your name. You will be seen as company shareholder on public registry. Acceptable for passive holding companies and where shareholder confidentiality is not a concern. Includes the official fees to obtain a new shareholders' certificate from the Registrar of Companies.
Capital
Why is this standard?
Standard authorized share capital of the company is 1000 euro, divided into 1000 common shares of one class, of € 1.00 each, out of which a minimum of 1 share must be issued.
Customized share structure
Standard authorized share capital of the company is 1000 euro, divided into 1000 common shares of one class, of € 1.00 each, out of which a minimum of 1 share must be issued. If you require a different share capital or structure, select this option. Additional legal fees may apply for very complex capital structures, such as multiple share classes, hybrid structures, or if change in capital structure needs to be effected to an existing company.
Directors
Why would I need this?
Directorship service, provided by a licensed corporate management firm. Less costly than the individual directorship service, but has a typical artificial appearance. May involve more complex documentation for third-party compliance updates, thus more disbursements down the line. Annually recurring fee.
Why would I need this?
Essential for the company to demonstrate tax residence and management in Cyprus. Provided by a licensed resident individual. Includes bank signatory service for the first year. Annually recurring fee.
The first year is charged at an introductory rate of EUR 2,000 + VAT. From the second year, the fee is subject to review based on operational objectives.
Why would I need this?
Company director has significant legal responsibilities under the law. Full identification and written consents will be required. Appointment of foreign director may cause the company to be treated as tax-resident in the country where the director actually resides.
Bank account
Why would I need this?
Professional fee for preparation, execution and filing of an account application in Cyprus. Includes all reasonable follow-up assistance. Significant client input is required. Banks have their own client-acceptance rules and we can not influence them. Success with the account opening is not guaranteed. Account acceptance mostly depends on the personal and business profile of the client. In case account application is rejected by the bank, no refunds are provided.
Bank account introduction fee is one-time fee.
(!) An annual bank introducer fee / introducing agent fee (€ 150) applies from the second year.
(!) When Cyprus based director is provided by Fidesta Ltd and is appointed as bank account signatory, annual account signatory fee (€ 300) applies starting from second year and the bank introducer fee (€ 150) is waived.
Why would I need this?
Professional fee for preparation, execution and filing of an account application outside Cyprus. Includes all reasonable follow-up assistance. Significant client input is required. Banks have their own client-acceptance rules and we can not influence them. Success with the account opening is not guaranteed. Account acceptance mostly depends on the personal and business profile of the client. In case account application is rejected by the bank, no refunds are provided.
Bank account introduction fee is one-time fee.
(!) An annual bank introducer fee / introducing agent fee (€ 150) applies from the second year.
(!) When Cyprus based director is provided by Fidesta Ltd and is appointed as bank account signatory, annual account signatory fee (€ 300) applies starting from second year and the bank introducer fee (€ 150) is waived.
Why would I need this?
Bank account introduction with Electronic Money Institution (EMI)
Professional fee for preparation, execution and filing of an account application with EMI provider.
The introduction fee, as charged by Fidesta, is a service fee. For this fee, we will do our best to assess your needs, provide guidance while you complete the application forms, and assist with compiling the necessary due diligence documentation. We will also coordinate communication with Electronic Money Institution on your behalf.
Significant client input is required. EMI providers have their own onboarding and compliance procedures which we cannot influence. Success with the account opening is not guaranteed. Final acceptance depends on the client’s business model, transaction profile, and risk assessment. If the application is declined, the introduction fee is non-refundable.
The EMI account introduction fee is a one-time fee.
(!) An annual bank introducer fee / introducing agent fee (€ 150) applies from the second year.
(!) When Cyprus based director is provided by Fidesta Ltd and is appointed as bank account signatory, annual account signatory fee (€ 300) applies starting from second year and the bank introducer fee (€ 150) is waived.
Services
Do I need this?
Business address and document management
This service offers businesses operating remotely a secure and reliable way to handle their documents and packages, providing a physical business address in Cyprus. It enables clients to receive mail and documents, which can be forwarded to any location they choose, and also allows them to send out their own commercial documents from the Cypriot address. Along with these core functions, it includes standard virtual office amenities like mail forwarding. The service is priced at €500 per year (plus vat), with additional fees for mail and document forwarding as needed.
Do I need this?
Personalized call handling through a Cyprus telephone number. Annually recurring fee. Additional disbursements may apply subject to usage.
Do I need this?
All active Cyprus companies must keep full books and records, conduct proper accounting, prepare and file tax returns and pay actual tax as and when applicable.
Our fees can be agreed in advance depending on the activities, volume and complexity of transactions.
Do I need this?
Audited financial statements must be prepared for all active Cyprus companies and must be filed on annual basis with the Cyprus registrar of companies and Cyprus tax authority.
Our fees can be agreed in advance depending on the activities, volume and complexity of transactions.
Documents and Registrations
Do I need this?
A full set of certified copies legalized by Apostille
A bound set of all primary documents of the company, certified as true copies by certification officer (notary) and legalized by Apostille. Recommended, if company documents are required for presentation outside Cyprus.
Do I need this?
Special power of attorney
Through a Special Power of Attorney, you, or anyone else, can be granted certain limited rights to represent the company. For instance, the powers to negotiate and conclude one specific purchase, to perform customs-clearance of goods in one certain location, to register a foreign subsidiary, to operate one specific bank account, etc. Special Powers of Attorney can be issued as, and when necessary to company employees, agents or to the owners themselves.
(!) Usage of Powers of Attorney may be risky and result in tax liability! Many high-tax countries impose local taxation on individuals who act through a Power of Attorney, issued by an offshore company! Please carefully consider your tax circumstances before choosing this option!
Do I need this?
Certificate of Good Standing
A Certificate of Good Standing is issued by the Registrar of Companies upon demand. The CGS evidences that the company still exists in the Registry, has not been struck-off and is not in liquidation. Fresh Certificates of Good Standing are often required by banks and financial institutions. Usually not necessary for a newly registered company. Recommended for existing companies over 6 months of age.
Do I need this?
The Certificate of Good Standing (CoGS)
A Certificate of Good Standing is issued by the Registrar of Companies upon demand. The CGS evidences that the company still exists in the Registry, has not been struck-off and is not in liquidation. Fresh Certificates of Good Standing are often required by banks and financial institutions. Usually not necessary for a newly registered company. Recommended for existing companies over 6 months of age.
If the document is intended for use in a country other than the country of company registration, it must be legalized by apostille.
Do I need this?
Certificate of Incumbency
A certificate, issued by the registered agent of the company. Shows, in one document, the current actual composition of the company, including its address, capital, shareholders and directors. Can be issued upon demand as and when needed. Sometimes required by banks and financial institutions.
Do I need this?
A certificate of incumbency
A certificate, issued by the registered agent of the company. Shows, in one document, the current actual composition of the company, including its address, capital, shareholders and directors. Can be issued upon demand as and when needed. Sometimes required by banks and financial institutions.
If the document is intended for use in a country other than the country of company registration, it must be legalized by apostille.
Do I need this?
Obtain VAT number. May be required when the company trades actively and must account for the Value Added Tax.
Do I need this?
May be required for companies that hold financial assets, such as bonds and stocks.
Do I need this?
A Certificate, issued by the Cyprus Tax Department, evidencing that the company is tax-resident in Cyprus. Includes €80 application processing fee. May sometimes be required in order to resolve tax disputes outside Cyprus.
Do I need this?
Registration confirming legal residence status in Cyprus, required to secure residence rights and access public services.
Do I need this?
Mandatory registration with the Social Insurance Services, required for legal employment in Cyprus, payment of contributions, and employee access to healthcare and benefits.
Do I need this?
Registration with the Tax Department to obtain a personal tax identification code, required for compliance with local tax laws and correct reporting of income.
Do I need this?
Certificate issued by the Cyprus Tax Department confirming non-domicile status, often required to benefit from exemptions on dividend and interest income under Cyprus tax law.
Delivery
Why would I need this?
Instead of keeping confidential and sensitive original documents at your home, you may choose to leave them in safe custody with the Registered Agent. Scanned electronic copies can be provided at any time, or the original documents can be couriered out at request.
About compliance fees
Compliance fee is charged for companies involving multiple owners and complex control structures. The compliance fee is not charged for single-owner structures.
First name:
Last name:
Email:
Email repeat:
Phone:
Alternative Phone Numer:
Address:
Address 2:
City:
State/Province:
Zip Code:
Country:
Alternative (Skype, ICQ):
Referral Name:
Coupon Code:
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Acceptance
1. OPERATIONAL OBJECTS WE DO NOT ACCEPT
List of Restricted Operational Objects
OPERATIONAL OBJECTS WE DO NOT ACCEPT
- Child pornography, adult entertainment or pornography production or distribution
- Gambling
- Non-regulated charities, foundations and non-profit organizations
- Non-regulated binary options, loan, pawnbroker, money remittance and foreign exchange businesses
- Non-registered trusts
- Production, distribution or marketing of drugs and other restricted substances, including cannabinoids and substances designed to mimic illegal drugs
- Production or distribution of replicas, counterfeit consumer products and any other products or services that directly infringe trademark, patent, copyright, proprietary, or privacy rights of any third party
- Fake references, ID and other document falsification services
- Shell banks and financial services without independent infrastructure
- Financial services attempting to evade or bypass licensing, including unregulated loan, pawnbroker, money remittance and foreign exchange businesses
- Production or distribution of lethal military technology, arms or ammunition, including weapon components and kits, explosives, fireworks, cold weapons and weapon replicas
- Pyramid financial schemes and multi-level marketing schemes without a valuable physical product
- Businesses that offer “get rich quick” schemes, make outrageous claims, use unrealistic incentives or rewards, deceptive or fake testimonials to mislead consumers
- Trade with embargoed or sanctioned countries, entities or individuals
- Money laundering, terrorist financing or other illegal activities
- Any other business that we consider deceptive, predatory or fraudulent
- Business structures that make it impossible to identify the ultimate beneficial owners
- Clients, beneficial owners or any of the directors of the client that:
- Are involved in terrorist financing or known to be involved in activity connected to money-laundering or they are included in lists published by the appropriate Cyprus authorities or EU/UN sanctions’ lists or FATF or OFAC
- Have been sentenced for serious offence such as terrorism, money laundering, fraud, embezzlement, tax evasion etc.
- Refuse to provide the information required according to the Company’s KYC procedures
- The documents submitted appear to be faulty at the examination stage
- The origin of wealth and/or source of funds cannot be easily verified
- Have a bad credit history and it was confirmed with a third party
2. OPERATIONAL OBJECTS THAT ARE SUBJECT TO ADDITIONAL LICENSING
List of operational objects subjected to additional licensing
OPERATIONAL OBJECTS THAT ARE SUBJECT TO ADDITIONAL LICENSING
- Banking and Credit Institutions
- Accepting deposits from the public
- Providing credit (loans, mortgages, credit cards)
- Issuing electronic money (e‑money)
- Other banking activities as defined under the Banking Law of Cyprus
- Investment Firms / Financial Services
- Investment advice
- Portfolio management
- Execution of client orders (brokerage)
- Underwriting of financial instruments
- Operating a Multilateral Trading Facility (MTF) or Organised Trading Facility (OTF)
- Providing investment research
- Collective Investment Schemes / Funds
- Management of mutual funds / UCITS funds
- Alternative Investment Funds (AIFs) management and administration
- Fund marketing and distribution in Cyprus or cross-border
- Payment Services and Electronic Money
- Payment initiation services (PISP)
- Account information services (AISP)
- Issuing electronic money or e-wallets
- Money remittance and transfer services
- Crypto / Digital Asset Service Providers
- Exchange of crypto-assets for fiat or other crypto-assets
- Custody / wallet services
- Operation of a crypto trading platform
- Advisory or portfolio management of crypto-assets
- Professional Services / Regulated Professions
- Persons or companies offering professional services
- Auditors
- Architects
- Engineers
- Lawyers/legal services
- Agriculture & Veterinary Services
- Agricultural production.
- Animal‑feed establishments, packing houses, storage of produce
- Pet shops, animal‑breeding, shelters, animal‑transport, cold storage of animal‑origin products, veterinary laboratories, veterinary surgeons
- Catering, Tourism & Leisure / Hospitality & Entertainment
- Restaurants, cafés, taverns, bars/pubs, snack bars, pizza houses, pubs, discotheques, music/dance venues
- Hotels, guesthouses, tourist accommodation, and other lodging
- Travel agencies, tourism‑related services, recreation and leisure businesses
- Wholesale & Retail Trade (certain goods)
Licences are often required when selling regulated goods or goods under special supervision:
- Alcohol, tobacco products.
- Food products (especially when handled, prepared, or sold in non‑prepacked form) — food‑service & hygiene requirements apply
- Animal‑origin products; veterinary/animal‑related products; possibly fuels/petroleum products
- Street trading, kiosks, small‑scale retail with required municipal permit (depending on municipality)
- Health, Welfare, Beauty & Personal Services
- Activities such as medical practices, dental clinics, pharmacies, beauty salons, hairdressers/barbershops, physiotherapy, welfare/social‑care facilities, and other health & beauty‑related services generally require permits
- Construction & Engineering
- Building works, engineering, technical installations — construction companies / engineering services are regulated or require special permits
- Transport & Logistics / Vehicle‑Related & Services
- Transport services, logistics, vehicle hire, freight, distribution services.
- Radio / Radiocommunications; Media; Metrology & Testing
- Activities involving radio communications services, media communication, metrology (measurement, calibration, testing)
- Fireworks, Explosives, Hazardous or Regulated Goods
- Activities involving explosives/pyrotechnics or other hazardous products
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