EU legislation ensures that Cypriot regulations are aligned with the broader European financial regulatory framework. This includes adherence to EU directives on banking, anti-money laundering (AML), investment services, and payment services, among others. Compliance with EU standards enhances the reliability and stability of the financial sector, offering protection to investors and consumers while promoting a competitive market environment.

Setting up a financial institution in Cyprus requires obtaining a license from the Central Bank of Cyprus or the Cyprus Securities and Exchange Commission, depending on the type of institution. Applicants must meet stringent criteria, including adequate capitalization, fit and proper management tests, robust internal risk management policies, and compliance with AML regulations. A detailed business plan and evidence of operational readiness are also essential.

Yes, Agathokleous-Neophytou & Co. LLC is well-equipped to assist with cross-border financial transactions. Our expertise in international law and partnerships with firms worldwide enable us to provide comprehensive advice on cross-jurisdictional regulatory compliance, structuring transactions for tax efficiency, and navigating the international finance landscape.

Our firm offers a comprehensive suite of services to combat money laundering and financial fraud, including the development of AML compliance programs, conducting due diligence investigations, advising on the implementation of fraud detection systems, and providing training to staff on recognizing and reporting suspicious activities. We also assist in the legal representation in cases of alleged financial misconduct.

Agathokleous-Neophytou & Co. LLC represents clients in banking disputes and litigation, from loan default cases to disputes over financial agreements. We offer negotiation, mediation, and arbitration services, aiming for amicable settlements. For cases that require litigation, our seasoned lawyers provide robust representation in court, leveraging their deep understanding of Cyprus banking law to protect our client’s interests.

Our firm stays abreast of Cyprus’ latest financial regulatory changes through continuous monitoring of legal updates, close collaboration with regulatory bodies, and participation in legal forums and seminars. We proactively advise our clients on compliance strategies, update their policies and procedures, and provide training to ensure they meet the current regulatory standards.

Agathokleous-Neophytou & Co. LLC offers extensive support for real estate financing and development projects, including advising on structuring transactions, negotiating financing agreements, conducting due diligence, and ensuring regulatory compliance. We assist with residential and commercial projects, providing strategic advice to optimize investment and minimize risks, ensuring successful project completion and financial stability.