Cyprus Citizenship By Investment

Pep1234511 Oct, 2020Real Estate

Revised criteria for granting Cyprus Citizenship by Investment: On the 28th of March 2014, the Cyprus Government through the Ministry of Interior announced changes to the criteria for granting the Cypriot citizenship by exception to foreign investors, in an effort to further promote foreign investment in Cyprus. In this respect, the government has at its discretion the right to relax certain criteria regarding investment. Application of these changes to specific cases will be as follows: The applicant will be required to invest a reduced amount of �2.5 million, on the basis that they are a participant in a collective investment scheme worth at least �12.5 million. Basic Requirements: The Applicant must have a clean criminal record. For more information on how to obtain the Cyprus Citizenship by Investment please contact us.