Introduction
The Committee for Supervision and Control of Service Providers for the Cyprus Investment Program was established in accordance with Regulation 10 of the Honorary Naturalization for Reasons of Public Interest and Naturalization of Foreign Entrepreneurs or Investor Regulations of 2020 (Regulatory Administrative Act 379/2020), which entered into force on 18/8/2020.
The Committee is composed of the Permanent Secretary of the Ministry of Interior who is also the Chairman, as well as the Permanent Secretary of the Ministry of Finance and the Director General of the Cyprus Investment Promotion Agency.
The responsibilities of the Committee include the maintenance and updating of the Register of Service Providers as well as its publication on the official website of the Committee.
It is noted that according to Regulation 2 (1), "service provider" means a natural or legal person, which is defined as a "liable entity" under its provisions on the Prevention and Combating of Money Laundering Act and which, between among others, provides naturalization services to foreign entrepreneurs or investors and their family members, in order to submit an application for naturalization, in accordance with the provisions of Article 111A of the Law, i.e. –
(a) Investment Services Provider or Investment Firm, within the meaning given to this term by subsection (1) of Article 2 of the Law on Investment Services and Activities and Regulated Markets Law;
(b) a collective investment undertaking holding units or shares;
(c) the persons specified in paragraph (c) of Article 2A of the Law on the Prevention and Combating of Money Laundering;
(d) the persons specified in paragraph (d) of Article 2A of the Law on the Prevention and Combating of Money Laundering .
Important note:
This Cyprus Investment Program has been terminated since November 1st, 2020, by the decision of the Council of Ministers dated October 13, 2020. Therefore, no new naturalization application can be submitted after this date under this program.
It is also noted that the Commission has not yet defined the procedure for registering new providers and therefore does not currently accept new applications for registration.
Instructions
Instructions regarding the application for registration / renewal with the Registry can be found at the following links:
Instructions for Registration of natural/legal persons with the Registry
Renewal Instructions of natural/legal persons with the Registry
Applications
Registry of Service Providers
| Company Name / Full name |
Sector of activity / Profession |
Work Address | Contact Details | Contact Person | Date of Registration to the Registry | Renewal Date | Registration Number (CIP) |
Announcements
The Committee for Supervision and Control of Service Providers announces that the following Providers have been deleted from the Register of Providers under Regulation 19 (1) of the Regulatory Act 379/2020, for one of the following reasons:
(a) the provider requested to be deleted;(b) did not respond to a request from the Commission to declare that they wish to renew their entry in the Register;(c) do not meet the criteria for registration in the Register set out in Regulations 2 (1), 12 and 15;(d) non-compliance with the Regulations was established| Company Name / Full name |
Sector of activity / Profession |
Work Address | Contact Details | Contact Person | Date of Registration to the Registry | Removal Date | Registration Number (CIP) | Removal Reason |