Introducing The New Changes To The Cyprus Investment Programme (CIP)

The Cyprus Investment Programme, which was implemented by the Cyprus Government in 2013 primarily aimed to attract foreign investments into Cyprus and to boost the country's economy, following the financial crisis of 2013.

The Programme has received a great deal of criticism over the previous years, especially from European political bodies. In order to combat the criticism, the Cyprus Government introduced various amendments to strengthen the Programme's integrity. These amendments are aimed at securing the Investors' Interests and to further regulate the Programme. Nevertheless, the criticism has not abated and, as a result, the Government has decided to take even more drastic action to enhance the status of the scheme via several measures and thus render the CIP beyond reproach.