The Regulated Financial Services Sector
The financial services sector has been one of the main driving forces for Cyprus, without a doubt, Cyprus’s participation in the European Union has played an important role. Cyprus as an EU Member State ensures that the island is sufficiently equipped to provide a one-stop-shop service to any reputable entity and/or person wishing to establish a presence in Cyprus. Cyprus now houses numerous companies ranging from hedge funds to insurance distributors, fund managers, credit institutions, foreign exchange operators and investment service providers, among others. The island’s status as a Member State instils a sense of security and ensures that the jurisdiction maintains high regulatory standards, which in turn add value to Cyprus’s reputation as a European financial services hub.