Analysis of Class 2 Firms – IFD/IFR

IFD/IFR – Analysis of Class 2 Firms and their Capital Requirement Calculations Introduction In our previous article (can be found here) we analyzed the categorization of investment firms in accordance with the new Prudential Regulation and Directive (IFR/IFD). Class 2 investment firms will be subject to new risk-based regulatory capital requirements, assessed as the higher…

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A guide of the new prudential framework IFD/IFR

Guide on the implementation of the new prudential framework of Investment Firms (IFD/IFR), publication and testing submission of the new reporting forms under IFD/IFR Background The EU has adopted a new harmonised prudential regime that has been applied to all investment firms authorised in the EU since June 2021. The new Investment Firm Regulation and…

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CySEC’s new policy for Crypto-Asset providers (CASP)

On 25 June 2021, the Cyprus Securities and Exchange Commission (CySEC) released its directive on the CASP register (CASP Directive), which forms subsidiary legislation issued under section 61E of the Cypriot Prevention and Suppression of Money Laundering Law 2007. Furthermore, on 13 September 2021, CySEC issued a Policy Statement on the Registration and Operations of…

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Cyprus: The Research & Development and Start-Ups Economic Sector

R&D start ups Cyprus

To nurture the entrepreneurial spirit and create value through ideas is one of Cyprus’ top priorities. The island is a perfect choice to start and scale companies for many reasons. Why is Cyprus perfect for building a start-up company? Cyprus offers many advantages to new businesses and start-ups, aimed at attracting foreign entrepreneurs and investors…

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Why did Cyprus manage to attract foreign tech giants?

In this blog post, CX Financia’s team of experts provides information about relocating to Cyprus and more specifically: Why choose to headquarter in Cyprus? New Immigration Framework for Tech companies Major foreign companies with regional & global headquarters in Cyprus If you are thinking of headquartering in Cyprus and setting up a business, let’s discover…

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Investment Funds and Raising Capital

Raising Capital

In our previous article titled “Investment Funds in Cyprus – Learn everything you need to know” we talked about what are funds, the difference between UCITs and AIFs, AIFs in Cyprus but also about RAIFs and Umbrella Funds. Here, we are giving you a definition of “Raising Capital” as well as some specifications. The commercial…

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Investment Funds in Cyprus – Learn everything you need to know

AIF Cyprus

In our previous article titled “Cyprus: The Financial Services Sector and Investment Funds” we talked about the benefits for the Financial Services Sector in Cyprus as well as for the exponential growth in Investment Funds. In this article, we are giving you some information regarding what are funds, the difference between UCITs and AIFs, AIFs…

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Cyprus Financial Services in the post-COVID-19 era

The COVID-19 pandemic has caused unique humanitarian disruptions and has rapidly developed into the most significant economic crisis in living memory. It is already clear that the impact on our reality and everyday lives will be felt long after the virus has been contained. The financial services sector has historically faced several crises and has…

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Intellectual property (IP) and its tax benefits in Cyprus

Intellectual Property

What is intellectual property? Intellectual property refers to creations of the mind such as inventions, literary and artistic works, designs and symbols, names and images used in commerce. It is a property whose owners have rights of ownership like any other kind of property such as ownership of land and buildings. Why is it important?…

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