In accordance with the decision of
the Council of Ministers dated 13.2.2019 investors, who will submit
an application on the basis of the Cyprus Investment Programme
(Programme) from the 15th of May 2019 and onwards, are obliged to
meet the criterion A.1 (Donation to the Research and Innovation
Foundation and the Cyprus Land Development Corporation). However,
it was brought to our attention that there are investors, who have
been informed on the Programme prior to 13th of February 2019, and
will not be able to submit their citizenship applications prior to
the 15th of May 2019.
Consequently, in order to provide a
solution for the aforementioned matter, the Council of Ministers,
during its meeting held on the 5th of May 2019, decided that
investors, who have concluded agreement/agreements for the purchase
of immovable property -either within the framework of criterion A.2
(Investment in real estate, land development and infrastructure
projects) or aiming at the
