On August 17, amendments were made to the Cyprus Investment Program that will tighten control over service providers assisting in filing applications for the citizenship under the Cyprus Investment Program. The changes will primarily affect developers. Pursuant to new rules, only licensed companies accountable to regulatory authorities will participate in the preparation of documents.

The process of granting citizenship under the Cyprus Investment Program was carried out according to the updated rules, but the processing time of the documents increased due to the pandemic. At the filing stage special attention is paid to the source of the investment through due diligence procedure. The new requirements are aimed at verifying the accuracy of the information provided.

Our company Main Partner Trust operates under CySEC 207/196 license. Company experts provide services in accordance with the regulations for professional service providers, and we will help to prepare all the documents for the participation in the Cyprus Investment Program taking into account all the requirements of the regulator.