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ARTICLE · 08 MARCH 2019

Cyprus Investment Program – Amendments 13/02/2019

Yiannis Papazcharia LLC
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The applicant must be a holder of a Cyprus Permanent Residency Permit for a period of at least 6 months before the approval is granted.

CyprusFinance and Banking
Yiannis Papazcharia LLC
Yiannis Papazcharia LLC

Civil Registry Laws of 2002-2015

The Council of Ministers of Cyprus have approved the below amendments on the Cyprus Investment Program:

Α. CRITE RIA

Α.1 Economic Criteria:

  1. Donation of the amount of €75.000= to the Research and Innovation Foundation of Cyprus. Alternatively, this donation is not applicable when:

- investment is made in a Certified Innovative Business or Certified Social Company, or

- investment of at least €400.000= is made in a company, which is operating in the Primary or Secondary sector of the economy or in the sector of research, technology, education, health and/or  renewable energy sources sector

  1. Donation of the amount of €75.000= to the Cyprus Land Development Corporation

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