Experts in Crypto FOREX Broker/ Funds/ Payment Institution Licensing

We will help you obtain the license literally from steps A to Z

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We will guide you to the most effective and cost-efficient way to regulation.

The establishment of a flexible legal framework catering every aspect of crypto investment project, makes Cyprus a prominent jurisdiction for the Forex/Blockchain industry, as it also provides the desired license passport for Europe. Simon Zenios & Co LLC can consult and guide you on all options you have in Cyprus regarding the FOREX/ Cryptocurrency industry. As Forex Broker and Exchange, Investment Funds and Cryptocurrencies are governed by complex sets of rules and regulations which are ever-changing, it is necessary to seek out specialized legal advice.

Our services and areas of expertise

Forex Broker, Crypto/ Blockchain Trading and Exchange License in Cyprus for Europe

Licensed under MiFID II and supervised by CySEC to provide wide-range investment services, including:

  • Broker/dealer services.
  • Trading platforms.

Why Cyprus?

  • Ability to provide services in the EU.
  • Favourable corporate tax.
  • Reputable and trusted by investors worldwide.

Our Legal Services:

  • Selection of license features and corporate structure.
  • Corporate and Fiduciary Services.
  • Preparation and submission of application with accompanying documents.
  • Accounting and Audit services.

Alternative Investment Fund (AIF) in Cyprus for Europe

  • Licensed under CySEC for all Europe.
  • Flexible and cost-efficient structures.
  • Be marketed to EU retail, well-informed and professional investors.
  • Units are listed on all recognized stock exchanges.
  • No limitations on investment policy can be crypto assets
  • Licensed AIF Managers can register an AIF with CySEC without a license.
  • Can be set with multiple investment compartments the umbrella funds
  • Umbrella funds have different asset pools and separate strategy
  • Can have a limited or unlimited number of investors

AIF may be set up as:

  • Fixed or variable capital investment company
  • Limited partnership (with or without legal personality)
  • Mutual fund

Undertakings for Collective Investments in Transferable Securities (UCITS) License in Cyprus for Europe

  • Licensed under CySEC for all Europe.
  • Be marketed to EU retail, well-informed and professional investors.
  • Reputable and trusted by regulators and investors worldwide.

What are UCITs?

  • Raising capital from the public to invest in transferable securities or other liquid financial instruments.
  • Operating on the principle of risk-spreading.
  • Their units are redeemed or repurchased directly or indirectly from the fund’s assets.

UCITS may be set as:

  • Common Fund under contract law.
  • Variable Capital Investment Company under company law.

Payment Institution and E-Money License for Crypto Payment Services

  • Licensed under the Cyprus Central Bank for all Europe.
  • Provide services like maintaining payment accounts, payment transactions, cash withdrawals and account information.

Suitable for:

  • Payment gateway solutions.
  • Cryptocurrency platforms serving as a payment gateway for fiat.
  • Offering exchange services in any fiat currency.

What is the difference between Payment Institutions (PI) and E-Money Institutions (EMI)?

  • EMI provides the services of PI plus issuing electronic money.
  • E-Money is a digital equivalent of cash stored on an electronic device or remotely at a server.

Suitable for:

  • E-money institutions.

Prospectus Approval and Exemptions for Security Token Offering

  • Depending on the token’s legal design, it may be a security.
  • Prospectus Regulation governs the offering of securities to the public and admission to trading on regulated markets.
  • Directly applicable to EU Member States
  • Depending on investor type and amount of securities offered, you may need to draw and get approved a prospectus.

Exemptions to the Prospectus Obligation

  • Public security offerings with a total consideration in the EU of less than EUR 1.000.000, calculated over a period of 12 months are exempted.
  • Not exempt from the prospectus for entering the exchanges.
  • Member States can raise this threshold up to EUR 8.000.000, subject to passporting notification.
  • Cyprus exemption threshold is up to EUR 5.000.000 total consideration in the EU, calculated over a period of 12 months.

Company Incorporation in Cyprus

  • Corporation Tax Rate at 12,5%, amongst the lowest in the EU.
  • Foreign source income and profits on a transaction in shares are tax exempt.
  • No withholding taxes on outbound dividends, interests and royalties.
  • No exchange controls and capital gains tax with an exemption of Cyprus real estate.
  • Wide network of double tax treaties.

Our Legal Services:

  • Selection of corporate structure.
  • Bank Account Opening (10 days).
  • Determining license requirements (if any).
  • Corporate and Fiduciary Services.
  • Nominee Services (Director, Secretary & Shareholder).
  • Actual office premises or virtual office services.
  • Preparation and submission of license application to the supervisory body.
  • KYC and AML compliance.
  • Accounting and Audit services (when applicable).

ICO/IEO/STO Legal Services

  • Selection of most favourable jurisdiction based on each individual project.
  • Company incorporation.
  • Legal assessment for the IEO/ICO/STO’s compliance with the current regulatory framework.
  • Preparation of Whitepaper legalities and opinion letter for the token (Security or Utility?) – required by the Banks and the Exchanges.
  • Assistance in opening a bank account, e-bank account and payment gateways.
  • Drafting of the Crowdfunding Agreements (Whitelist, pre- ICO/IEO/STO & ICO/IEO/STO period).
  • Privacy Policy, Terms of Use, Security Policy & Legal Disclaimers (in accordance with GDPR Law).
  • Ongoing legal support.

Bank Account Opening – Non-CRS & CRS (all options available)

  • Opening of bank accounts in specific countries for optimal banking system (non – CRS) – ‘’no Common Report Standing’’.
  • Assistance in opening a bank account, e-bank account and payment gateways.
  • Crypto to Fiat exchange compliance.
  • Legal Report on the licensing requirements of your project – Required for the Banks & Exchanges.
  • Power of Attorneys & Resolutions for bank accounts.

Do you need legal advice about Crypto FOREX Broker/ Funds/ Payment Institution Licensing?

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Our Partners and Associates

Through our experience in several projects, we have found trusted associates in order to
provide you with the whole spectrum of services you will require for your Crypto FOREX Broker/ Funds/ Payment Institution Licensing.

TECHNICAL SERVICES

  • Whitepaper composition
  • Smart contract preparation and drafting
  • Creation of multi-signature wallet
  • Token Issuance
  • Smart Contract Audit
  • Exchange Listings
  • Security (monitoring, check-ups, scammer alerts, crisis handling training)

MARKETING SERVICES

  • IEO/ICO/STO Branding (Research, Name, Theme, Logo, Trademark, guidelines)
  • Social media marketing
  • Bitcointalk management
  • Bounty program management
  • Advisor Partnerships
  • Strategic Partner Relationship Management
  • Event Participations

WEB SERVICES

  •  Fully custom Web design & Development
  • Telegram group support
  • Live chat support
  • Domain & DNS
  • Hosting
  • SEO
  • Articles
  • Video production

Contact Us Now

    Contact Information

    Simon Zenios & Co LLC
    Lawyers – Legal Consultants

    59, Arch. Makariou III Avenue,
    Antonis Mouyias Tower,
    1st Floor, 6017
    Larnaca, Cyprus

    P.O Box 42104 – 6531,
    Larnaca, Cyprus

    Court Box: 188


    Telephone: +357 24 023370
    Fax: +357 24 023371


    Email: [email protected]