Cyprus Binary Options License
The Republic of Cyprus is a stable democracy and member of the European Union and British Commonwealth. Since the its entry into the European Union, Cyprus has dedicated considerable resources towards building a robust financial services sector. As a result, the relatively small nation is widely recognized by the offshore financial services community as a favorable jurisdiction. Among the nation’s favorable offerings includes the Cyprus Binary Options License.
Today, Cyprus is home to over 500 licensed financial institutions and thousands of offshore companies. The nation offers a competitive tax rate of 12.5% – one of the lowest rates found in the European Union. Moreover, as a European Union Member, all Cyprus financial services licenses give the holder access to each member state as well as members of the Commonwealth.
The Republic of Cyprus is an ideal location for promoters of Binary Options businesses. Cyprus offers a Financial Dealers License which covers all related binary options brokerage activities, including acting as a direct broker as well as an introducing broker. The Cyprus Binary Options License is recognized world-wide and many top binary option exchanges and brokers are becoming licensed in Cyprus. In addition, the process of obtaining a license is both cost effective and can be accomplished quickly.
Advantages of a Cyprus Binary Options License
Binary options allow traders to benefit from global market volatility and, accordingly, there has never been a better time to obtain a Cyprus Binary Options License. The global binary options market exceeds $100 billion. Once dominated by unregistered and unlicensed operators, increasing pressure from regulators and banks have moved the market to a commonly regulated framework. With its robust binary options license, Cyprus offers a cost-effective, risk free alternative for starting a regulated binary options brokerage.
Cyprus Binary Options License at a Glance
|Time to License||3 to 4 Months|
|Paid-In Capital Requirement||€125,000|
|Tax Structure||12.5% Percent Tax on Offshore Profits|
Cyprus Binary Options License Package
- Incorporation of Cyprus offshore corporation
- Arrange for local registered officer and local directors, if required
- Draft corporate bylaws, minutes and owner share issuances
- Establishment of corporate bank account suitable for binary option operations
- Establishment of merchant service account for accepting credit and debit cards
- Draft requisite business plan, financial statements and financial projections
- Draft requisite Anti-Money Laundering & Know-Your-Customer policies
- Arrange for requisite surety bond
- Prepare and process application for Cyprus CySEC Registration
- Representation before licensing regulatory authority, banks and liquidity providers
Contact the Cyprus Binary Options License Experts
Trust our over fifty year’s combined experience in creating innovative solutions for our clients. Contact the binary
options licensing experts at FinLaw to begin the process of obtaining your Cyprus Binary Options License today.
Our knowledgeable and skilled professionals are pleased to answer any of your questions.
Call contact us here.for your free consultation or