CRYPTO LICENSE

It is possible to obtain a crypto license for those companies which are looking to offer services related with crypto. Crypto asset services providers (CASP) are divided in three types of classes depending on the services that will be allowed to offered:

• Class 1, CASPs which provides investment advice. It will require an initial capital of €50,000
  
  
• Class 2, CASPs providing the services referred to in Class 1 and/or any of the following services: they will require an initial capital of €125,000
  
  
  • Reception and transmission of client orders
  • Execution of orders on behalf of clients
  • Exchange between crypto-assets and fiat currency
  • Exchange between crypto-assets
  • Participation and/or provision of financial services related to the distribution, offering and/orsale of crypto-assets, including the initial offering
  • Placement of crypto-assets without firm commitment
  • Portfolio management
    
    
• Class 3, CASPs that provide any of the services referred to in Class 1 or 2 and/or: they will require an initial capital of €150,000
  
  
  • Administration, transfer of ownership, transfer of site, holding, and/orsafekeeping, including custody, of crypto-assets or cryptographic keys or meansenabling control over crypto-assets
  • Underwriting and/or placement of crypto-assets with firm commitment
  • Operation of a multilateral system, which brings together multiple third-party buying and selling interests in crypto-assets in a way that results in a transaction

EMI LICENSE IN CYPRUS

An EMI is an institution that is authorized by the competent authorities to issue electronic money. The term refers to money that is electronically stored and can be used to make transactions either with the issuer (EMI) or other parties that accept the money.

Dedalos Corporate can assist you to prepare and submit the application to CySEC, further our team will consult to prepare the manual required such Operations Manual, Structural organization, Business plan, Anti-money laundering manual.

FOREX LICENSE IN CYPRUS

The forex trading license is a special permit that a trader or broker must obtain in order to work. There are many countries in the world where grants are issued for Forex operations. Each state has its own complexity, cost, terms of obtaining a mandate, as well as prestige of the territory itself being Cyprus one of the most popular destinations for many reasons, specially for being part of the European Union, the easy procedure and the tax advantages. This grants your brokerage EU passporting rights that will allow you to operate in other European market jurisdictions.

There are two types of licenses in Cyprus applicable for forex:
· Forex STP: approximate €125,000 capital requirements, broker can hold client’s money but cannot trade on its own account.
· Market Maker: approximate €730,000 capital requirements, broker can deal on its own account (market maker).

AIF & RAIF LICENSE IN CYPRUS

In July 2018, the Republic of Cyprus introduced a more modern and improved regime and replaced the original Alternative Investment Fund (AIF). These changes created a more modern and attractive system to investors which are looking for to set up their funds structure. There are three options of Cyprus AIFs. AIF with unlimited number of persons (AIF), AIF with limited number of persons (AIF–LNPs) and Registered alternative investment fund (RAIF). Dedalos experts could help you to understand which are the characteristics or which one, the procedure to set up and the requirements. Please, to obtain further information, contact us.