We deal with the problem of studying the symmetries and the effective theories of long-range models around their critical points. A prominent issue is to determine whether they possess (or not) conformal symmetry (CS) at criticality and how the presence of CS depends on the range of the interactions. To have a model, both simple to treat and interesting, where to investigate these questions, we focus on the Kitaev chain with long-range pairings decaying with distance as power-law with exponent α. This is a quadratic solvable model, yet displaying non-trivial quantum phase transitions. Two critical lines are found, occurring respectively at a positive and a negative chemical potential. Focusing first on the critical line at positive chemical potential, by means of a renormalization group approach we derive its effective theory close to criticality. Our main result is that the effective action is the sum of two terms: a Dirac action SD, found in the short-range Ising universality class, and an “anomalous” CS breaking term SAN. While SD originates from low-energy excitations in the spectrum, SAN originates from the higher energy modes where singularities develop, due to the long-range nature of the model. At criticality SAN flows to zero for α>2, while for α<2 it dominates and determines the breakdown of the CS. Out of criticality SAN breaks, in the considered approximation, the effective Lorentz invariance (ELI) for every finite α. As α increases such ELI breakdown becomes less and less pronounced and in the short-range limit α→∞ the ELI is restored. In order to test the validity of the determined effective theory, we compared the two-fermion static correlation functions and the von Neumann entropy obtained from them with the ones calculated on the lattice, finding agreement. These results explain two observed features characteristic of long-range models, the hybrid decay of static correlation functions within gapped phases and the area-law violation for the von Neumann entropy. The proposed scenario is expected to hold in other long-range models displaying quasiparticle excitations in ballistic regime. From the effective theory one can also see that new phases emerge for α<1. Finally we show that at every finite α the critical exponents, defined as for the short-range (α→∞) model, are not altered. This also shows that the long-range paired Kitaev chain provides an example of a long-range model in which the value of α where the CS is broken does not coincide with the value at which the critical exponents start to differ from the ones of the corresponding short-range model. At variance, for the second critical line, having negative chemical potential, only SAN (SD) is present for 1<α<2 (for α>2). Close to this line, where the minimum of the spectrum coincides with the momentum where singularities develop, the critical exponents change where CS is broken.