Committee for Supervision and Control of Service Providers for the Cyprus Investment Programme

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.

Applications

Please choose the relevant application form and submit it electronically, accompanied by the signed Code of Conduct and any other documents included in the Instructions for Registration / Renewal of natural/legal persons with the Registry.

Application of Natural Persons

A. Applicant’s Information:

1 Please see relevant reference in the Instructions for Registration of natural/legal persons with the Registry.

B. Description of the services provided to applicants/clients as well as by the main professional associates.

C. Upload documents

All the documents should be in pdf format and the filenames should be in English with maximum 40 characters length without any spaces and without any special characters (e.g. ABC_Code_of_Conduct.pdf or ABCCodeofConduct.pdf). Also, when you browse for files, you should select all the documents that you will submit at the same time in order for the application to be successfully submitted.

To confirm that your application has been submitted successfully the following message should appear «Application submitted successfully». An option of printing the submitted application is available.

Application of Legal Persons

A. Applicant’s Information:

1 For relevant data recording purposes to the Registry of Service Providers, an employee of the company should be appointed as contact person.

2 Please see relevant reference in the Instructions for Registration of natural/legal persons with the Registry.

B. Description of the services provided to applicants/clients by the company, as well as by the main professional associates.

C. Upload documents

All the documents should be in pdf format and the filenames should be in English with maximum 40 characters length without any spaces and without any special characters (e.g. ABC_Code_of_Conduct.pdf or ABCCodeofConduct.pdf). Also, when you browse for files, you should select all the documents that you will submit at the same time in order for the application to be successfully submitted.

To confirm that your application has been submitted successfully the following message should appear «Application submitted successfully». An option of printing the submitted application is available.

Application for Renewal (Natural and Legal Persons)

A. Application Information:

or

1The Company Registration Number must be entered exactly as it was initially stated in the Registration form, i.e. a) ΗΕ999999 (without space) or b) ΗΕ 999999 (with space) or c) 999999.

B. Upload documents

All the documents should be in pdf format and the filenames should be in English with maximum 40 characters length without any spaces and without any special characters (e.g. ABC_Code_of_Conduct.pdf or ABCCodeofConduct.pdf). Also, when you browse for files, you should select all the documents that you will submit at the same time in order for the application to be successfully submitted.

To confirm that your application has been submitted successfully the following message should appear «Application submitted successfully». An option of printing the submitted application is available.

Registry of Service Providers

The Registry is published in alphabetical order on the websites of the Ministry of Finance, the Ministry of Interior and Invest Cyprus as of July 31, 2018 and will be regularly updated by the Committee of Supervision and Control.
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
For any further information, please contact spcommittee@moi.gov.cy
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