ARTICLE · 29 APRIL 2019

Amendments To The Cyprus Investment Scheme

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Certain significant amendments have been made to the Cyprus Investment Scheme whereby the Government has taken a step to limit the program, even after imposing the 700 applicant limit this year.

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Certain significant amendments have been made to the Cyprus Investment Scheme whereby the Government has taken a step to limit the program, even after imposing the 700 applicant limit this year. The most significant change is that the total investment required will increase from €2,000,000 to €2,150,000 which includes the additional donation of €75,000 to the Research and Development Fund of Cyprus and a €75,000 donation to the Land Development Organisation. The aim of the changes as a general matter points to enhancing trustworthiness and efficiency of the Cyprus Investment Programme as well as widening the investment opportunities with a goal of advancing the economy of Cyprus.

Amendments:

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