Financial Services and Regulation

Prudential Regulation: Oversight of the financial health and stability of banks.
Licensing and Chartering: Rules for establishing and operating banks.
Capital Adequacy: Requirements for maintaining sufficient capital to cover risks.

Lefkos Clerides and Sons LLC can help you obtain the licenses necessary to operate financial institutions in Cyprus and other jurisdictions. We also register and can help you administer such companies, including investment and brokerage firms, forex trading companies, mutual funds, electronic money authorities, and banks.
Financial service providers can perform many functions traditionally reserved for banks, such as deposit taking, investing, and payment processing. Financial service companies can also perform brokerage and forex trading functions.
Yet, unlike banks, financial service providers are not subject to strict capitalization and due diligence requirements and may not require a physical office or employees in the jurisdiction issuing the operating license. These features make it relatively easy to create and operate financial institutions offshore.

Setting up financial operations requires careful consideration of multiple factors, including:

The nature of financial services to be provided
The types of banking and financial licenses require
Identifying financial companies that can meet your needs
Initial and ongoing capital requirements
Due diligence requirements
Achieving compliance with regulatory requirements
The choice of offshore jurisdictions, the advantages that they offer and the risks that must be managed, and
The possibilities for achieving benefits through combining financial companies with other types of offshore companies, such as international trusts.

We are committed to developing comprehensive solutions tailored to your specific needs. With extensive experience in company formation and a broad network of high-level contacts, we are an ideal partner to work with you. To confidentially discuss your requirements for setting up financial institutions, please contact us today.