CySEC was founded in 2001. When Cyprus became a member of the European Union in 2004, it also became a member of the MIFLD at the same time. It has opened the door for companies registered in Cyprus to enter the entire European market. Entering the EU zone has greatly changed CySEC’s financial regulatory framework, which was previously considered a tax haven. Companies that have obtained regulatory licenses in Cyprus have long been allowed to freely carry out foreign exchange-related businesses in the European Economic Area.
Soon after that, online trading began to rise, and brokers, large and small, came to the island to register. Cyprus is very.Quickly became one of the first choices for brokers around the world when seeking supervision. Cyprus now has new companies almost every week.Established, these companies all hope to use this to enter Europe, a lucrative market. Cyprus is a forex brokerage company.Provides a very perfect environment. This is well known and is one of the best choices for the EU to obtain a financial license. Cyprus’s tax system has changed very well. During the 1890s, Cyprus was an offshore finance.The center has attracted a large amount of capital from Eastern Europe and the independent region, which has won Waipu Lu Si a good reputation. And one.The reason is due to Cyprus’s competitive tax laws. His corporate income tax is 12.5% low, which is one of the European countries.The lowest. Interest income, income from overseas resident institutions and income from securities sales are exempt from tax. Dividends, interest, paid by Cyprus.Royalties, in Cyprus, can truly achieve perfect tax avoidance. Therefore, the establishment of a company in Cyprus, or the management of the company, and for those operating in Cyprus, their net profit is taxed at a uniform tax rate of 12.5%.
CySEC licenses are of great benefit to brokers. For example, brokers can publish their license information and licenses on their own websites.It can enhance the trust of senior traders. In addition, brokers can also consider opening accounts in Europe’s largest bank and opening accounts with the world’s largest banks.With good cooperation in payment systems, these resources can greatly enhance investors’trust in the platform. CySEC’s financial regulatory framework follows.After Cyprus joined the EU in 2004 and began to use the euro in 2008, a lot of changes have taken place. It is regarded as a reputable regulatory agency. If a company starts with CySEC authorization, this is not only a witness of strength, but also a witness of strength.Customers leave a positive impact. Obtaining a CySEC license can make customers feel safer and more protected. CySEC’s outlook is.To develop Cyprus’s securities market into a safe, reliable and attractive investment purpose.