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ARTICLE · 06 AUGUST 2018

The Recent Changes To The Cyprus Investment Program (CIP)

Michael Kyprianou & Co. LLC
Michael Kyprianou & Co. LLC
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The scheme for Naturalisation of Investors in Cyprus by exception has proven to be very attractive and popular among high-net-worth-individuals and entrepreneurs ...

CyprusImmigration
Eleni Drakou
Eleni Drakou
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The scheme for Naturalisation of Investors in Cyprus by exception has proven to be very attractive and popular among high-net-worth-individuals and entrepreneurs from all over the world. The program has introduced specific terms and conditions along with a straightforward procedure for applicants who wish to obtain the Cyprus citizenship.

Taking into account the strong interest by investors, the Cyprus Government has established and revised the "Cyprus Investment Program" on the basis of subsection (2) of section 111A of the Civil Registry Laws of 2002-2017, with specific incentives, criteria and control procedures to prevent abuse.

On the one hand, the revisions aim to further encourage the Foreign Direct Investment by attracting individuals to settle and carry on business activities in Cyprus, to further boost the Cyprus economy and to create added value for the country and the investors. On the other hand, the changes intend to enhance the scheme, regulate the

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