ARTICLE · 03 JANUARY 2017

Changes In The Cyprus-Passport-Investment-Scheme

Michael Kyprianou & Co. LLC

Contributor

Michael Kyprianou & Co. LLC

On 13th of September 2016, the Cyprus Council of Ministers has approved the amendments to the Scheme for Naturalisation of Investors in Cyprus by Exception.

CyprusInternational Law

MK Compliance Limited

Author LinkedIn connections

On 13th of September 2016, the Cyprus Council of Ministers has approved the amendments to the Scheme for Naturalisation of Investors in Cyprus by Exception. The said scheme is based on subsection (2) of section 111A of the Civil Registry Laws of 2002-2015.

The said amendments are in line with the strategy of the Cyprus Government to further attract Foreign Direct Investment and encourage the use of Cyprus by High Net-Worth Individuals.

Level of investment reduced to a total of €2M - €2.5M, as opposed to €2.5M - €3M under the previous Criteria.
The Ministry of Interior can now accept single applications.
The Parents of the investor (main applicant) can now obtain the Cypriot Citizenship with an additional investment of €500.000 plus VAT (if any).

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Changes In The Cyprus-Passport-Investment-Scheme

Related Articles

How EU Sanctions Can Affect An Unlisted Company

Navigating Cyprus' Evolving Foreign Direct Investment Screening Regime

Foreign Investment Screening In The EU: Revised Regulation To Take Effect In 2028

Investigation Into Possible Russian Sanctions Breaches By Subsidiaries Of Indian Group

EU Sanctions Advisory In Cyprus For Cross-Border Structures

Read more about

See more popular content from

EU Regulation 269/2014 And The 50% Ownership Threshold Rule

EU Sanctions Against Russia In Response To The Military Aggression Against Ukraine

How EU Sanctions Can Affect An Unlisted Company

Cyprus Steps Up Sanctions Enforcement: From Compliance Obligations To Criminal Consequences

Sanctions Compliance: Insights And Best Practices

Investigation Into Possible Russian Sanctions Breaches By Subsidiaries Of Indian Group

Spotting Red Flags: Sanctions Evasion In The Financial And Trade Sectors

Council Regulation 833/2014: Broadening The Scope Of EU Sanctions

Sanctions Lists: The Effects In Cyprus

The European Union Approves The 18th Sanctions Package Against Russia: Impact On The Financial Sector

The New Greek Inheritance Law: Key Reforms And The Importance Of Timely Estate Planning

OECD Updated Commentary On Article 5 (Permanent Establishment): When Does Use Of A Home Office Result In A Fixed Place Of Business Permanent Establishment?

Enforcement Under The General Data Protection Regulation (GDPR): GDPR Fines Reach Record Levels In 2025

CJEU Clarifies The Evidential Threshold For Establishing Control Under EU Restrictive Measures

Restrictions Imposed On Short-Term Property Rentals In Greece – What Are The Points That Prospective Investors In Greek Property Should Take Into Account

EU Regulation 269/2014 And The 50% Ownership Threshold Rule

When Artificial Intelligence Creates The Brand – The New Era Of Trademarks

EU Publishes New FAQ On Sanctions Against Russia And Belarus Relating To The Provision Of Services

Cyprus Tax Department Strengthens Due Diligence Requirements Under DAC2/CRS

FATF Report: Red Flag Indicators Within The Gaming And Gambling Industry