Staying Ahead of the Curve

Staying ahead of the curve

Isavella Evripidou, Founder and Chief Executive Officer of GCIE Corp explains how investments in human capital and technological infrastructure will sustain the firms competitive edge.

How has your business performed in post-pandemic 2023? Have you been obliged to seek new business models and markets?

In the post-pandemic era of 2023, our business has experienced a significant transformation. The pandemic has brought about unprecedented challenges and opportunities, and we have had to adapt and innovate to stay ahead of the curve.

Despite these challenges, we have been able to maintain our market position and continue to grow our business. We have done this by focusing on our strengths and building on our core competencies. Allow me to list below some of the main points:

Financial Performance

In terms of financial performance, we have demonstrated resilience and agility in managing our operations. Despite the initial setbacks caused by the pandemic, we have reported improved financial results in 2023. This is attributed to strategic cost management, innovative business models, and a focus on digital transformation.

Digital Transformation

One of the key trends observed in post-pandemic corporate business is the accelerated pace of digital transformation. We have increasingly invested in technology to enhance our operations, improve customer experiences, and streamline processes.

Exploration of New Markets

The post-pandemic period also witnessed a concerted effort to us to explore new markets and diversify our revenue streams. With shifts in consumer behavior and preferences, we sought opportunities in emerging markets and untapped demographics. This involved strategic market research, consumer behavior analysis, and targeted marketing efforts to effectively engage with new customer segments.

Employee Well-being and Remote Work

The concept of remote work has become more ingrained in corporate culture as a result of the pandemic. We, as many other companies worldwide, have embraced hybrid work models that offer flexibility to employees while maintaining productivity.

Consumer Behavior Shifts

The pandemic has significantly influenced consumer behaviour, leading to shifts in purchasing patterns and preferences. We have adapted our marketing strategies and product offerings to align with these changes. E-commerce and digital sales channels have witnessed substantial growth as consumers continue to prioritize convenience and safety.

Have you invested in (a) technology and (b) more human resources this year? Do you anticipate doing so in 2024?

Our company recognized the importance of leveraging technology to streamline processes and improve overall performance. As a result, we allocated substantial resources towards upgrading our technological infrastructure. This included investments in advanced software systems, automation tools, cybersecurity measures, and data analytics capabilities. By embracing cutting-edge technology, we aimed to enhance our service offerings, optimize internal operations, and provide a seamless experience for our clients.

In addition to technology, we also focused on expanding our human capital. We hired new talent across various departments to strengthen our workforce. These new hires brought diverse skills and expertise to the organization, enabling us to broaden our service portfolio and meet the evolving needs of our clients. Furthermore, we prioritized employee training and development programs to ensure that our team remains equipped with the latest industry knowledge and best practices.

Looking ahead to 2024, we anticipate continuing our investment in both technology and human resources. As the business landscape continues to evolve rapidly, we recognize the importance of staying ahead of technological advancements. Therefore, we plan to allocate further resources towards adopting emerging technologies that can drive innovation and improve operational efficiency.

Similarly, investing in human resources will remain a priority for us in 2024.

What are your predictions for your specific profession and the overall economy in 2024? Do you expect the overall Professional Services sector to maintain its leading role in economic activity in Cyprus in the next few years?

My predictions for administrative service providers and the overall economy in 2024 are subject to various factors, including global economic trends, technological advancements, government policies, and industry-specific developments. Some of them are:

Economic Outlook

The overall economic outlook for 2024 will depend on a multitude of factors, including global trade dynamics, geopolitical stability, technological innovation, and monetary policies. Additionally, factors such as inflation rates, employment levels, consumer spending patterns, and business investment will play a crucial role in shaping the economic environment for administrative service providers.

I believe, in 2024, administrative service providers are likely to experience significant shifts driven by technological advancements and evolving business needs.

Workforce Dynamics

The workforce dynamics within administrative service providers are poised to undergo transformations in 2024. The integration of remote work arrangements, flexible scheduling options, and digital collaboration tools will continue to reshape traditional office environments.

Regulatory Environment

The regulatory landscape governing administrative service providers is likely to evolve in response to changing business practices and technological innovations. Compliance requirements related to data privacy, cybersecurity protocols, and remote work arrangements may undergo revisions to address emerging challenges in a digitally-driven business ecosystem.

Cyprus has a well-established professional services sector. This sector has traditionally played a leading role in the country’s economic activity due to its contribution to various industries and the overall business environment. I believe the professional services sector is expected to maintain its leading role in economic activity in Cyprus in the next few years, under several key factors: Economic Environment, Legal and Regulatory Framework, International Business Hub, Technology and Innovation.

Best Licensing Experts 2023

Best Licensing Experts 2023

BEST LICENSING EXPERTS 2023 – GFSC Global

ūüéČ We are incredibly grateful to the Crypto Expo for recognizing our company, GFSC Global, as the Best Licensing Experts of 2023!
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It is an honor to receive this award and we would like to extend our sincere thanks to the Crypto Expo for acknowledging our expertise in the field of licensing. 
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This award serves as a testament to our team’s hard work and dedication, and we look forward to continuing to provide exceptional service to our clients in the years to come!¬†ūü§©
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GFSC Global – Official Agents with Offices in Ras Al Khaimah, UAE

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GFSC Global – Official Agents with Offices in Ras Al Khaimah, UAE


GFSC Global proudly offer full range of corporate/personal services in Dubai/UAE locally, through our local company: GFSC Global FZ LLC 

We can assist you with the following services:
– Corporate and Legal (Company formation in Mainland and Free zones, RAK Free Zone, Ajman, License acquiring/obtainment, Bank accounts, Audit, Accounting, Immigration services)
– Personal (Visas, Residence permits, Investments, Housing and Vehicle rental)
– Real estate (Renting, Purchase, Investments)

What are the benefits from forming a company in UAE Free Zones:
– All entities have full government support;
– No personal or corporate tax;
– 100% foreign ownership possible;
– Attractive investment schemes;
– Developed infrastructure; 
– Multiple free zones to choose from based on your business needs;

person of the year

Person of the Year Isavella Evripidou, CEO at GFSC

Person of the Year: Isavella Evripidou, CEO at GFSC

Isavella Evripidou majored in international laws and graduated from the Queen Mary University of London. She was working at Interros Group as the legal director / compliance officer from 1999 to 2009.

She founded the GFSC Group in 2019, offering advising, planning, formation and incorporation as well as management of international structures, full licensing and post licensing supports in more than 70 jurisdictions.

Fazzaco met Isavella twice throughout 2021 for exclusive interview‚Äč. As a licensing expert, she has provided relevant services to a number of forex businesses, including numerous start-up brokers.

Source: https://www.fazzaco.com/newsdetail/person-of-the-year-isavella-evripidou-ceo-at-gfsc-128549

gfsc founder

GFSC Founder / CEO Isavella Evripidou on Licensing for Start-ups and Crypto

GFSC Founder / CEO Isavella Evripidou on
Licensing for Start-ups and Crypto

GFSC Global, International Corporate and Legal Service Provider, licensed in EU and other jurisdictions, with over 20 years of experience in Corporate, Legal, Immigration, Gaming, Financial, Banking and Accounting services with main goal to offer a full range of high quality, tailor-made services to corporate and physical clients worldwide through a qualified team of professionals.

Isavella Evripidou is the founder and CEO of GFSC, who had an interview with Fazzaco back in this May


Fazzaco: Before helping a firm register an oversea company or apply for a foreign license, will you conduct a qualification review?

Isavella: Of course, we do full check of proposed structure, people involved, their suitability for proposed positions. Afterwards, we guide our clients, inform them and proceed according to law requirements.

Fazzaco: What licenses will you recommend to a start-up broker seeking to enter the Southeast Asian market? What kind of advice will you give them?

Isavella:  Currently, the best license for start-ups is in Mauritius. It’s quite easy to get and we can fully assist our clients with all required local services, as we have an office there. For Southeast Asian market in particular, I would suggest a license in Vanuatu. It’s easy to get as well and requirements are not so difficult to comply with.

Fazzaco: CySEC has suspended / withdrawn the license of multiple brokers in recent years. Also, there have been a number of firms giving up their Cypriot CIF license. What’s your opinion on this?

Isavella: Cyprus financial market is very regulated and expensive market. By my opinion, the companies that have decided to withdraw their licenses were simply not ready to deal and comply with all requirements.

Fazzaco: As an expert in getting licenses for financial businesses, you undoubtedly have a deep understanding of various licenses. How do you think about onshore and offshore licenses?

Isavella: Indeed, I am an expert with more than 20 years in financial industry and have a deep understanding of a lot of licenses requirements worldwide. I strongly believe that both jurisdictions (offshore and EU) should be considered in one structure, where the combination will lead to more experience and offers towards their customers on a worldwide basis.

Fazzaco: GFSC also provides crypto license application services. Could you please shed some insight into the licensing of cryptocurrency activities in mainstream jurisdictions such as the UK, the US, Australia and Cyprus, etc?

Isavella: Yes, we do assist our clients with obtainment of crypto licenses in different jurisdictions, and in Cyprus as well. I think the world is ready for such regulation and a proper licensing is needed. The requirements are similar in all jurisdictions mentioned above, except capital requirements.

There are jurisdictions for start-ups and for established and licensed companies that would like to expand their targeted markets.

Fazzaco: How is your business going in the first half of 2021? And what do you expect from the second half of 2021?

Isavella: Our business is going very well so far, thanks to the strong strategy and financial projections. I do believe that the second half of 2021 will be on the same level as the first one.

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CySEC – Circular 462

CySEC РCircular 462 

 

The Cyprus Securities and Exchange Commission has issued a Circular 462 on 3rd¬†of August 2021, with subject of (Prudential treatment of crypto assets and enhancement of risk management procedures associated with crypto assets),¬†would like to inform the CIFs that is amending CySEC‚Äôs Circular C417 ‚ÄėPrudential treatment of crypto assets and enhancement of risk management procedures associated with crypto assets‚Äô by amending paragraph A2.

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CySEC – Directive for the prevention and suppression of money laundering and terrorist financing (Register of Crypto Asset Service Providers)

CySEC¬†‚Äst (Register of Crypto Asset Service Providers)

 

The Cyprus Securities and Exchange Commission has issued on the 25th of June 2021, with subject of (Directive for the prevention and suppression of money laundering and terrorist financing (Register of Crypto Asset Service Providers).

 Read more (link in greek)

isavella-ceo

Isavella Evripidou: ‚ÄúProfessionalism and integrity is the best combination‚ÄĚ

Isavella Evripidou: ‚ÄúProfessionalism and integrity is the best combination‚ÄĚ

Successful Business talks to the founder of GFSC Global Group of Companies, Isavella Evripidou about the current role of Cyprus as a business centre and the intricacies of the relocation and headquartering on the island.

Cyprus has a long history as a business centre, but the matters of relocation and headquartering came forward only 3-4 years ago. What was the initial reason? How has Covid-19 changed the situation?
Cyprus has always been an attractive jurisdiction with numerous benefits for investors welcoming and onboarding different types of businesses here. To our customers worldwide, we suggest Cyprus as the first option. The pandemic did not change much, to be honest, we had even more requests and customers were more specific with those.

What are the main steps in the relocation process and how long does it take? How can your company be useful?
First of all, before relocating your business, you should be fully aware of all advantages and disadvantages of a particular jurisdiction, annual obligations, local legislation. Naturally, assistance from professionals, such as our Group of Companies, is needed in any case. We are always ready to assist our customers with suitable structure and understand their needs. As to the timeframe, it varies according to the situation in a specific original jurisdiction.

What are the most common challenges foreigners face when it comes to relocating or establishing a business in Cyprus?
Most of the times the problem is the delay in obtaining the documents from the Registrar of Companies of the business’ original jurisdiction. In Cyprus, we do everything very quickly.

How have you improved your business this year? How would your clients describe the experience of working with your company?
Our business has improved this year due to the online activities and actual expos that we have had. This has brought us more clients and projects, of which we are very proud. All our clients highlight our professionalism and integrity! I think this is the best combination to serve your customers and have them happy!

Isavella Evripidou
www.gfscglobal.com
+357 25 269 400
info@gfscglobal.com

GFSC Global is a leading Group of Companies licensed and regulated in Europe and offshore countries. It is regulated as well by well-known worldwide associations.

Since its establishment, the group assists with a full range of consulting, corporate, legal, financial, licensing, gaming, citizenship, immigration, accounting, banking, and administration services across the world.

GFSC Global offers its services in more than 70 jurisdictions.

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Which Regulator’s Forex License Is Easier or Stricter to Obtain?  GFSC Global’s Founder and CEO Speaks

Which Regulator’s Forex License Is Easier or Stricter to Obtain?  GFSC Global’s Founder and CEO Speaks

The financial services industry is undergoing sweeping changes driven by regulatory developments and continued consolidation in the sector. If you’re a new forex broker or looking to start a brokerage business, obtaining a license is one of the first things. However, this involves many factors that you need to consider.

Today, Fazzaco caught up with Isavella Evripidou, the founder and CEO of GFSC Global, to explore the topic of forex license.

Fazzaco: Hello Isavella, happy to have you at Fazzaco. As a start, could you please give us a introduction about yourself and GFSC Global?

Isavella: Hello, thank you for having me at Fazzaco.

Please allow me to introduce GFSC Global, International Corporate and Legal Service Provider, licensed in EU and other jurisdictions, with over 20 years of experience in Corporate, Legal, Immigration, Gaming, Financial, Banking and Accounting services with main goal to offer a full range of high quality, tailor-made services to our corporate and physical clients worldwide through our qualified team of professionals. We offer services in more than 100 jurisdictions.

Fazzaco: What motivated you to create GFSC Global and what need does the company aim to meet?

Isavella: By having more than 20 years of experience in Corporate, Financial (global financial markets), Banking, Crypto/ STO/ ICO, Gaming, Regulatory, Immigration, AML and Compliance industries, I wanted to combine business intelligence/ethics and my knowledge of international laws and regulations, which definitely gave us the opportunity to offer best tailor made solutions, understand customer’s needs, and able to provide our professional services worldwide.

GFSC Global is a boutique one-stop-shop Service Provider that can provide services from A to Z in more than 100 jurisdictions. We want our customers to be relaxed and run their business, we are behind them as a supporting arm, dealing with consulting, legal, immigration, regulatory and many more services in each country.

Fazzaco: Fazzaco has learned that GFSC Global will attend the iFX EXPO Dubai. What opportunities does an event like iFX EXPO 2021 offer you?

Isavella: I’ve always preferred to meet my clients, partners, associates and counterparties face to face, as this gives us the opportunity to meet better the other party and understand the cooperation or solutions they would need. Opportunities like this event give us the freedom for gathering and finding the best match for us and for our customers

Fazzaco: In the post-pandemic era, would you choose to attend an online expo and why?

Isavella: I have attended an online expos during the pandemic times, but I cannot say that it’s the same as this event. We missed the face to face meetings (hahaha)

Fazzaco: GSFC offers licensing solutions for Forex companies in various jurisdictions, which one is the most popular among brokers?

Isavella: We do offer licensing solutions in: Cyprus, Malta, UK, Latvia, Belarus, Gibraltar, Poland, Bulgaria, Ireland, Czech Republic, New Zealand, Lithuania, Mauritius, Cayman Islands, Seychelles, Belize, BVI, Singapore, Australia, Vanuatu, Hong Kong, Labuan, South Africa, Bahamas, Georgia, Malaysia, Cambodia, Isle of Man, St Vincent and the Grenadines and many others. The most popular in EU is Cyprus, Ireland and within offshore is Mauritius, Seychelles, Belize, UK

Fazzaco: Different jurisdictions have different license requirements, which regulator tends to be easier or stricter?

Isavella: Definitely each jurisdiction has different license requirements, but we can guarantee with a confidence that we know them all and can fully assist any application with full success. Easiest jurisdiction is Cyprus, Mauritius, Belize, Vanuatu and stricter is Czech Republic and Australia

Fazzaco: Compared with applying licence¬†by¬†broker themselves, what are the benefits of using GFSC Global‚Äôs service?¬†Is a common practice of delegated applying in forex industryÔľü

Isavella: Not everybody can apply for a license. There are many Regulators that do not accept direct communication, except the local Service Providers. Who will be your local Service Provider? Will you trust them your case? Are you confident that they have the experience with Financial licensing? A lot of providers promise that they can do the licensing and even give unrealistic costs, either they are cheap or expensive, but the application depends from understanding of needs of your customers to how to introduce it to the Regulator.

The best result comes with years of experience, which we have. For so many years we never had any rejections. Why? Because we, in GFSC Global, are team of professional experts where first: we understand the customer’s needs, second: offer the best tailor-made solution, which sometimes could be completely different of what our customers had in their mind and then third: apply successfully for a license

Fazzaco: ESMA and ASIC new regulations has been in force, how have these regulatory changes affected your business? And How are you adapting your products or services?

Isavella: Actually its never affected our business, as we never depended from 1 or 2 markets. We were always worldwide. We always had solutions in parallel or all new regulations in other jurisdictions. We always had clients that did not mind the ESMA or ASIC new regulations, which are definitely not for start-ups. Our clients are with us for many years. The word of ‚Äúmouth-to-mouth‚ÄĚ works as a certification of quality for us and for our professional services provided. Our clients trust us for so many years, as we are honest, professional and find the best solutions! We are¬†Your Global Financial Services Consultants!

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CySEC – Circular 445

CySEC¬†‚Äď Circular 445

 

The Cyprus Securities and Exchange Commission has issued a Circular 445 on the 26th of April 2021, with subject of (Extension of reporting/notification deadlines), informing the Cyprus Investment Firms (CIFs), that due to COVID-19 and in an effort to ensure operational continuity, the deadlines for a submission to CySEC of the following reports/notification are extended.

   Annual reports/notifications

  1. Annual Compliance Function Report
  2. Annual Risk Management Report
  3. Annual Internal Audit Report 
  4. Annual Audited Financial Statements 
  5. Annual Auditors’ Suitability Report
 

Due to the aforementioned and in order to help with any uncertainty and disruption to the CIFs’ business operations, CySEC will comprehend a delay of two (2) months to submit the above listed reports/notifications that would otherwise have been due April 30, 2021. 

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