The Permanent Secretary of the Ministry of Finance of the Republic of Cyprus has clarified that AlFs Funds established in the Republic of Cyprus and licensed by the CySEC investing exclusively in Cyprus, in investments eligible for the naturalization program are considered as approved financial investment for the foreign investors naturalization scheme.
Consequently, they consider that is necessary that eligible investment is retained for three (3) years, and a mechanism of reporting and verification, satisfactory to both Ministry of Finance and Interior, should be established.
Finally, they added that the Ministry of Finance is currently in the process of reviewing the criteria for foreign investor’s naturalization scheme.
For more information on AIFs please contact our director, Mr Alexandros Philippides at
aphilippides@oneworldweb.net.