Savva & Associates Cyprus

ABOUT US

We are licensed

About Us

WHY A CYSEC LICENSED SERVICES PROVIDER
AFFORDS CLIENTS MORE PROTECTION

In March 2014, Savva & Associates (S&A) was granted a license by the Cyprus Securities and Exchange Commission (CySec) to act as an Administrative Services Provider (ASP) under license number 29/196.  S&A holds a full ASP license, meaning it is authorized to provide the full spectrum of administrative services provided to international clients setting up Cypriot structures.

At present, there are approximately 150 licensed ASPs in Cyprus, which is in sharp contrast to the approximately 1,000 service providers currently operating on the island. The majority of service providers operate solely on the basis of a license from the Institute of Certified Public Accountants of Cyprus (ICPAC), or the Cyprus Bar Association (CBA).

CySec is the independent public supervisory authority responsible for the supervision of the investment services market and transactions in transferable securities carried out throughout the EU. CySec was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity. CySec’s mission is to exercise effective supervision to ensure investor protection and the healthy development of the securities market.