ARTICLE · 12 SEPTEMBER 2019

The New Changes Of The Cyprus Investment Programme (CIP)

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It is important to underline that the donation will be paid following the approval of the Application for Naturalization by the Council of Ministers.

CyprusStrategy

Polina Polycarpou

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The Cyprus Investment Programme (CIP) has been recently revised, following the meeting of the Council of Ministers on the 25^th July 2019. The new revisions were published in the Cyprus Gazette on 23^rd August 2019, and are already effective as follows:

a) Investors who apply for Naturalization under the Cyprus Investment Programme from 15^th May 2019 onwards must satisfy the financial criterion A.1 which provides for a donation of at least €75.000 to the Research and Innovation Foundation and a donation of at least €75.000 to the Cyprus Land Development Corporation.

It is important to underline that the donation will be paid following the approval of the Application for Naturalization by the Council of Ministers.

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