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  • Writer's pictureZena Stylianou

Amendment of the policy for registration with the BFU


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


As per the amended policy, the eligibility criteria of Foreign Interest Companies to be registered with the BFU has been modified. More specifically, it now includes the criterion of a company’s obligation to prove an initial investment in the Republic of at least €200,000 (in case of a company whose majority of shares are ultimately owned by third country nationals) which should be proven by presenting the appropriate certificates such as bank swift confirmation.


The Decision entered into force on December 12, 2022.


How we can assist:


1. Assistance on the registration of potentially eligible companies with the BFU.

2. Advise on any immigration matter regarding the employment of highly skilled third country nationals.

3. Assistance and/or provision of further clarifications with regards to the amendment in the policy for registration of companies with the BFU.



This article is written for information purposes only and it does not constitute legal advice.

For further information, legal advice and assistance please contact us at zena@zsm.law.

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