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ARTICLE · 18 NOVEMBER 2019

Cyprus Citizenship

I. Christodoulou & Partners LLC
Explore more from I. Christodoulou & Partners LLC

The new scheme for naturalisation by Investment, adopted in September 2016, as amended in March 2019, streamlines and simplifies the criteria for obtaining Cyprus citizenship, rendering the scheme more coveted and attractive than ever.

CyprusCorporate/Commercial Law
Law Lab
Law Lab

The new scheme for naturalisation by Investment, adopted in September 2016, as amended in March 2019, streamlines and simplifies the criteria for obtaining Cyprus citizenship, rendering the scheme more coveted and attractive than ever.

WHO MAY APPLY

A. Investor

Non-Cypriot citizen who acts on his/her own capacity or as a shareholder of a company or through investments done by his/her spouse or jointly.

B. High-Ranking Senior Manager

Physical person who receives remuneration in which the tax revenue for the Republic of Cyprus amounts to at least a total of €100.000 for a period of 3 years and such tax has already been paid or prepaid.

C. Investor's Parents

The new scheme gives the opportunity to the investor's parents to also apply for citizenship without having to proceed to an additional investment, provided that they fulfil the prerequisites set out below.

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