About Company
FINAM LIMITED is a financial company registered in Cyprus and provides its investment services according to the license, granted by the Cyprus Securities and Exchange Commission and is a member of the Investor Compensation Fund. Cyprus is a long established reputable and tax efficient financial centre. Harmonisation within the EU is now a fact: the EU Directives especially Market in Financial Instruments Directive (MiFID) have facilitated in progress. MiFID came into effect as from 1st November 2007 and sets forth a range of new requirements for the entire European financial sector with the aim of introducing a single European market in financial instruments. Its main goal is to promote the emergence of an efficient, transparent and integrated financial trading infrastructure, ensuring a higher degree of investor protection. The Directive contains measures that will change and improve the organization and functioning of investment firms, facilitating cross border trading, while creating strategic opportunities.
In addition, Cyprus has set up tax system which is ideally suited to both inbound and outbound EU investors:
- low taxation (10% corporate tax rate is the lowest in EU)
- extensive double tax treaties network
- exemption from tax of capital gains on shares and securities
- exemption from withholding tax on the repatriation of income including dividends, interests and royaltie
- exemption from tax on dividends received, in some cases
FINAM LTD is a 100% subsidiary of Limited Liability Company "Investment Holding FINAM". The group of companies includes CJSC “Investment Company FINAM” which has full operational license on Russian stock market and has experience on the Russian, European and US Markets for more than 10 years. Finam was among Russia’s first investment companies to offer services on the stock market. To date, Finam has build Russia’s biggest regional network with operations in more that 90 Russian cities. The company represents a rapidly growing global broker.
The operational and organizational structure of FINAM LTD is similar to that of its mother company in Russia, however the business, banking, legal and accounting procedures are patterned after the best European standards, aiming to minimize investment risk and to maximize reliability and trust. Providing services on global stock markets the Company takes all necessary steps required by Law before entering into cooperation with any counterparty.
The clients of FINAM LTD are both individuals and legal entities - residence and non-residents of Cyprus. The majority of transactions on the Russian Securities Market are executed through the mother company in Russia, which offers number of services as analytical market research, financial advices, depositary services and etc for the lowest commission rates.
The headquarters of FINAM LTD are located at the heart of Limassol's business district – the second largest town in Cyprus, nevertheless the most important tourist and commercial centre and the largest harbor on the island.
