Launching An ICO Through Cyprus

We set out below a summary of relevant considerations when launching an initial coin offering (ICO) through Cyprus. For these purposes we assume the ICO is structured through Cyprus as a Cyprus company. Alternative vehicles may also be appropriate depending on the intended structure of each individual ICO.

Unlike many other popular jurisdictions for ICOs, Cyprus is an EU Member State and as such founders must comply with the panoply of Single Market regulation emanating from the EU. However, since ICOs (at this point in time) are largely unregulated, the benefits of launching in Cyprus can be significant: a European base and central time zone, as well as access to the jurisdiction's vast array of tax treaties and overwhelming 'white list' status among tax authorities globally.