Brexit: Passporting Through Cyprus

Cyprus can offer a solution to international firms and institutions seeking certainty over access to the EU Single Market.

The most pressing Brexit concern for UK-based credit and financial institutions relates to the terms on which they will continue to have access to the EU Single Market and related passporting rights if and when the UK leaves the European Union.

Post Brexit, unless passporting rights are maintained through specific UK-EU trade agreements or the UK retains membership of the EEA, the UK will be considered a "third country" from a financial services regulatory perspective, meaning that financial institutions based there will be unable to operate throughout the EEA as seamlessly as they do today.