The Cyprus-Baltic Business Association Was Successfully Launched
- Company&FundAdministration
- Cryptocurrency
- Licensing
- MarketEntrance
- Outsourcing
- RegulatoryCompliance&Reporting
- Relocation
Our Services Offered to Cyprus Crypto Asset Service Providers (CASP)
With the global expansion and adoption of the blockchain/crypto environment, Cyprus, as an EU member, warmly welcomes this ever-growing trend.
Europe, as a continent, has the world’s second-largest shares in cryptocurrency. Cyprus is also considered a favorable and advantageous location for companies such as Fintech, offering crypto services, and many others.
Furthermore, Cyprus signed the “European Blockchain Partnership” and the “Declaration of the Southern Mediterranean Countries on Distributed Ledger Technologies.”
The Declaration of the Southern Mediterranean Countries on Distributed Ledger Technologies and The European Blockchain Partnership was agreed upon by seven European member states (Malta, Cyprus, France, Greece, Italy, Portugal, and Spain) and three non-European Union members countries (Norway, Ukraine, Liechtenstein) as they signed this declaration to build cross services between the countries, avoid fragmentation and to enhance the growth and expansion in digital services such as 5G, artificial intelligence, etc.
We offer
Crypto Asset Services Providers (CASP) are regulated by the Cyprus Securities and Exchange Commission (CySEC). This body serves as the financial regulatory authority of Cyprus, overlooking the Cyprus Investment Firms. It approves and regulates the service providers by providing directives they must abide by. All Crypto Asset Services Providers in Cyprus are first approved by the CySEC.
Prior to commencing operations, for a company that wishes to become a CASP in Cyprus, it is now mandatory and required to be pre-approved and subsequently regulated by CySEC.
How can we help?
- We aid companies wishing to become a CASP in Cyprus.
- We can assit your company with pre-registration services, the application procedure through CySEC, as well as post-registration services.
- We aim to keep your company in line with the relative regulations, policies and procedures.
- We provide tailor-made assistance with formulating an efficient and successful business model along the way.
Pre-registration Services
These include services such as, forming a business plan based on the regulation of the CySEC. Then, we develop your business plan and advise on the type of license required based on the business plan. Finally, after collecting the necessary documents, we will prepare and submit your licensing applications from start to finish.
Post-registration Services
Our team of professionals offers these services after you have obtained your license; we evaluate systems, controls, policies, and procedures. In addition, we work together with you to identify and manage risk for internal control and other policies implemented and followed by the relevant personnel.
We also offer post-registration services such as customer due diligence, KYC (know-your-customer) procedures, transaction monitoring, customer onboarding arrangements, and accounting services (including Payroll, tax compliance, and other ad hoc services).