Introducing CySEC’s Regulatory Sandbox
Cyprus Securities and Exchange Commission (CySEC) has launched its Regulatory Sandbox, a pioneering initiative aimed at fostering financial innovation. This sandbox provides a controlled environment for businesses to test innovative financial products and services under regulatory supervision.
Key Highlights:
- Fast Track Business Activation Mechanism (FTBAM) simplifies the process for businesses to quickly activate and operate in Cyprus.
- IP Box offers tax incentives for intellectual property-related income, encouraging tech and innovation-driven companies.
- European Blue Card attracts highly skilled professionals by providing a pathway for citizenship and work opportunities in Cyprus.
- Cyprus Citizenship eases the acquisition process for highly skilled professionals, making Cyprus a favorable destination for top talent.
CySEC's Regulatory Sandbox is open to both regulated and unregulated entities, with the initiative divided into four phases: Application, Preparation, Testing, and Evaluation/Exit. This structured approach ensures rigorous testing, compliance, and refinement of financial innovations.
To learn more about CySEC’s Regulatory Sandbox and its benefits, read the full publication here.
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