Emoney and Payment Institution licence in Cyprus
Call Us: +357 22456056
Electronic Money Institution in Cyprus

Electronic Money Institution in Cyprus

The new e-money regulatory law affects not only e-money issuers but also, for the first time, intermediaries of e-money issuers involved in the distribution or redemption of e-money.

A kiosk or supermarket operator which sells or charges pre-paid cards for an e-money issuer will be classified as an ‘e-money agent’. Under the new law, these intermediaries are subject to a regulatory regime of their own.

Learn More

Licensing and supervision of Electronic Money Institution in Cyprus

In accordance with the provisions of the Electronic Money Law, 2012 (hereinafter to be referred to as the «Law») which was enacted for the purposes of harmonization with the act of the European Community entitled “Directive 2009/110/EC of the European Parliament and of the Council of 16 September 2009” amending Directives 2005/60/EC and 2006/48/EC and repealing Directive 2000/46/EC, electronic money services in the Republic of Cyprus may only be provided by an electronic money institution which has been granted an authorization by the Central Bank of Cyprus («CBC»).

Learn More

Maintenance of Register of electronic money institutions by the CBC

The CBC, acting in accordance with the provisions of the Law, maintains public registers which include: the names of the electronic money institutions to which it has granted authorization to offer electronic money services, the names of the electronic money institutions which have been authorized in other EU member states and which have exercised the right of establishment or the right of freedom to provide cross-border services in the Republic of Cyprus.

10 Top Reasons To Invest In Cyprus

Cyprus being an European Union Member State having highly qualified and multilingual labour force with the lowest EU corporate tax rate are one of the many reasons you should invest in cyprus.

More reasons to invest in cyprus

Licencing service

Emoney License application based on the 2nd Emoney Directive that allows Emoney License requested by the Client as regards issues concerning Cyprus Law and corporate law advice.

Learn about services we provide