Announcement regarding Foreign Interest Companies

On the 30th of November 2022, the Council of Minsters approved the Amendment of the Policy for the Registration of Companies in the Register of Foreign Interest Companies.

The Decision modifies the eligibility criteria of foreign interest companies and specifically includes the criterion of a company’s obligation to prove an initial investment in the Republic of at least €200,000, which should be proven by presenting the appropriate certificates (supported by a Bank SWIFT or other similar document which proves a foreign direct investment by the ultimate beneficial owner, legally admitted to Cyprus from abroad).

The Decision enters into force on the 12th of December 2022

Read more on the link below:

Business Facilitation Unit – Registration of Companies with Foreign Interests | Business In Cyprus

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