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The payment charges necessary for submitting a VASP’s registration application under the VASP Act are detailed in the Guidelines and summarized as follows:
3. Investor Protection
Publication and opposition: If the application is successfully examined, it is published for public inspection. Within a certain period, third parties may file an opposition to the registration of the trade mark.
What is the procedure of registration of the company in Cyprus?Initially, it is necessary to choose the name of your enterprise, which is checked for the absence of analogues in the register of companies. In the name must be the end of Limited, it is not allowed to use words and expressions, hinting or directly indicating illegal activities. The next step is the legalization of the company’s documents with the subsequent submission of documents to the register. The documents must include the address of the office to confirm the legal address of the company and proof of the economic presence of your business in Cyprus.
International Reputation
To start operations, e-money institutions in Luxembourg need to obtain a licence from the CSSF. The application process requires detailed preparation and includes the submission of a comprehensive set of documents: a detailed business plan, a description of the risk management system, information on the principals and beneficial owners, and proof of compliance with regulatory capital and financial strength requirements. Applicants must also demonstrate their ability to comply with legal and regulatory requirements, including anti-money laundering (AML) and counter-terrorist financing (CFT) measures.
Corporate Communication: The legal address is used for official correspondence with government agencies, banks, partners and clients. Having a local address simplifies notification and communication processes.
The health and social services sector in the UK includes both public and private institutions. Companies can provide medical services, develop medical equipment and technologies, and offer care services for the elderly and those in need.
Has COVID affected the economy of Cyprus?Covid-19 caused Cyprus' recession to be milder than the eurozone average. According to forecasts, the real GDP will grow by 5.7 percent in 2021 and 4.1 percent in 2022. In addition to its high standard of living, low crime rate, warm climate, political stability within the region, and friendly business environment, Cyprus offers many advantages for those who want to live and do business there.
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