Articles

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

Opening of a Cyprus bank account for a Cyprus company has never been easier. Simply gather the below information & documentation and arrange a bank meeting with any of the local banks who would be more than happy to assist you.

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".

INVESTMENT FIRMS REGULATION (IFR) & INVESTMENT FIRMS DIRECTIVE (IFD)