To operate an e-commerce business in Cyprus, you must comply with the local regulatory and licensing framework. Depending on the nature of the goods or services sold, certain licenses may be required.
Key Licensing Considerations:
- General Business License:
- Most e-commerce businesses can operate under a standard business license. However, you must register your business with the Registrar of Companies and ensure that your company’s activities are in line with local commercial laws.
- Specialized Licenses for Specific Products:
- If you are selling regulated products such as pharmaceuticals, alcohol, or financial services, additional sector-specific licenses may be required. For instance, selling financial products would require authorization from the Cyprus Securities and Exchange Commission (CySEC).
- E-signature and Certification Providers:
- For businesses using e-signatures, specific certification may be required. Cyprus complies with EU eIDAS regulation, which governs the use of electronic signatures and certification providers.
Conclusion:
Obtaining the correct licenses for your e-commerce business is vital to ensure compliance with Cypriot laws, particularly for businesses selling regulated products.
Disclaimer: This article is for informational purposes only and does not constitute legal advice.
