I. INTRODUCTION
Cyprus has long established itself as a fast-growing dynamic investment hub, offering direct access to highgrowth markets. What is more, Cyprus is in the forefront of the legal and regulatory developments as it adopts the ongoing legal and regulatory EU legislation and guidelines aiming in enhancing the transparency and investor protection.
Cyprus has recently transposed the Directive (EU) 2019/2034 of the European Parliament and of the Council of 27 November 2019 on the prudential supervision of investment firms for the provision of investment and ancillary services across the European Union (the “IFD”) into national legislation via the Investment Services Law. Therefore, the investors and businessmen may establish a Cyprus Investment Firm (the “CIF”) governed by the Investment Services, Exercise of Investment Activities, the Operation of Regulated Markets and Other Related Matters Law 87(I)/2017, as amended (the “Law”).