WhoTrades Ltd 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. Harmonization 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
WhoTrades Ltd provides customers with direct access to the major world stock and currency markets. The company has strong international presence with a considerable amount of clients from 40 countries. The clients of WhoTrades Ltd are both individuals and legal entities.
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 headquarters of WhoTrades Ltd are located at the heart of Limassol's business district – the second largest town in Cyprus, nevertheless the most important tourist and commercial center and the largest harbor on the island.