Revision of Criteria for Investor’s Immigration Permit for third country nationals

Under the provisions of Regulation 6(2) of the Aliens and Immigration Regulations, a third country national can apply for an Investor’s Immigration Permit, also known as a ‘fast-track’ Permanent Residency Permit, provided that certain investment criteria are met.    On 24 March 2021, the Ministry of Interior announced new revisions of the investment criteria taking […]

EU foreign investment screening regulation enters into force

The new EU framework for the screening of foreign direct investments has officially entered into force on 10 April 2019, following its adoption by the European Parliament and by the Council on 19 March 2019. It will be highly important in safeguarding Europe’s security and public order in relation to foreign direct investments into the Union. […]

Changes to the definition of “significant” Cyprus Investment Firms

Certain provisions of the Investment Services and Activities and Regulated Markets Law of 2007 (“the Investment Services Law”) and Directive DI144-2014-14 for the Prudential Supervision of Investment Firms issued by the Cyprus Securities and Exchange Commission (“CySEC”) apply only to Cyprus Investment Firms which are categorized as “significant” on grounds of size, internal organization and […]

The implementation of MIFID II in Cyprus

On 7 July 2017 Law 87(I)/2017 was published in the Official Gazette of Cyprus, transposing the revised European Union Markets in Financial Instruments Directive (MiFID II) into Cyprus law. The new law, which will apply in Cyprus from 3 January 2018, will introduce significant changes to the Investment Services and Activities and Regulated Markets Law […]