Cyprus implemented the full transposition of the 4th European Directive (EU 2015/849) of the European Parliament (4th AML Directive) into domestic law and activated the implementation of the Ultimate Beneficial Owner (UBO) Register of Companies and other legal entities in Cyprus. By definition, a natural person who ultimately holds a shareholding or controlling interest or […]
Cyprus as a Destination for FinTech companies
Cyprus has become an increasingly attractive FinTech Hub, as the, Financial services remain the fastest growing sector of the Cypriot economy. Firstly, Cyprus has a strong and sophisticated financial services center with a full legal framework. The Cyprus Securities and Exchange Commission (CySEC) governs activities and ensures financial regulations and operations comply with the European MiFID […]