Articles

Just returned from Sigmas’ first gaming conference in Cyprus in Limassol in the Amazing City of Dreams resort and I must admit I was impressed. Sigma event was massive with several thousands of attendees and exhibitors reminding me of the IFX Expo which also took place in the same week.  Click here to see more details

Operating and Licensing a regulated Investment Firm in Cyprus might be challenging since the regulatory environment is constantly changing and the whole process of licensing might be time consuming and costly. 

An insurance broker is a Company who is acting on the best interest of the consumers and who is licensed to offer various insurance products and services by multiple insurance companies.  An insurance broker unlike an insurance agent, is not keen to represent one specific insurance company but rather assess the needs of the consumer and present to them the best product for their needs. The insurance broker has also the capacity to make comparisons between multiple insurance products and services across various insurance companies

Both ways require the same level of preparatory work as explained below with the exemption that once the liquidation process is completed the company can never be reinstated by the Cyprus Registrar of Companies which is not the case with the strike-off process where a Cyprus company can be reinstated via a court offer.

This article should be read in conjunction with the article "Cyprus Investment Firms - Changes to Capital Requirements and Reporting".