We can also help you to establish an insurance company in Cyprus.
In order to obtain a licence for an insurance company, an applicant must make an application to the Superintendent of Insurance. Throughout the authorisation process, the Superintendent needs to ascertain whether the applicant is complying with the relevant provisions of the Law.
Separate licences must be obtained for life and non-life insurance businesses in Cyprus and such companies may not engage in a non-insurance related business.
Applications for a licence to carry on insurance business in Cyprus must be submitted on the relevant form, accompanied by:
There are a great many forms to fill in and a lot of information and documents are required but you can rest assured that we will guide you through the whole process of registering an insurance company in Cyprus in order to help you reach a successful conclusion.
The Superintendent of Insurance is obliged to make a decision on the application within six months of receiving it.