In March 2024, the Ministry of Interior announced it is now accepting citizenship applications under newly revised regulations. Along with this announcement, the authorities also issued detailed explanations regarding specific provisions of the amended law and the necessary documents for the application process. The amended legislation introduces two pathways for acquiring Cyprus citizenship based on...Read More

An Electronic Money Institution (EMI) license in Cyprus is a form of authorization issued by the Central Bank of Cyprus, permitting companies to issue, store, and manage electronic money (e-money) and provide related payment services. To secure an EMI license, companies must fulfill specific conditions, including adequate capital, a solid business plan, and a competent...Read More

The Cyprus Securities and Exchange Commission has issued the CYSEC’s Regulatory Sandbox to secure innovation, user security, and market integrity.  As described on CYSEC’s website the Regulatory Sandbox’s aims are to “build a transparent channel of cooperation between entities developing technology-based solutions in the financial services falling within CySEC’s supervisory mandate and CySEC, and to...Read More

The European Long-term Investment fund (ELTIF) was introduced in 2015 as a collective investment framework. The fund aimed to regulate and promote investments in the EU for long-term capital projects.  Almost 10 years later the EU considered it necessary to update this framework to satisfy the current market needs which led to the introduction of...Read More