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ARTICLE · 21 MAY 2020

Pending Naturalisation Applications Via The Cyprus Investment Programme

AGPLAW | A.G. Paphitis & Co. LLC
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The Cypriot Government has decided to process the pending naturalisation applications via the Cyprus Investment Programme quicker in order to encourage foreign investments into the country and accordingly to increase liquidity into the market.

CyprusCoronavirus (COVID-19)

As the coronavirus pandemic is currently affecting the economies of a number of countries all over the world, the Cypriot Government has decided to process the pending naturalisation applications via the Cyprus Investment Programme quicker in order to encourage foreign investments into the country and accordingly to increase liquidity into the market.

The Cyprus Investment Programme requires 2 million euros if the investment is only for residential real estate, which from that particular amount at least a quarter must be spent on a residence which will be kept for life. There is also another option for investing in commercial projects as well where the required investment is 2.5 million euros and from that amount minimum 500K euros must be spent on a permanent residence.

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