The Cyprus Investment Programme is ranked among the top 10
programmes in the world for global citizenship. It was established
to attract foreign direct investment and encourage high-net-worth
individuals to settle and conduct business in Cyprus, thereby
boosting the nation’s economy.
One of the key features of this programme is its investment
policy, whereby non-EU citizens (including Russian, Ukrainian, Arab
and Chinese citizens) can obtain Cypriot citizenship by making
specific investments. This is one of the simpler programmes for
citizenship in Europe and is a speedy way to obtain Cypriot
citizenship.
Following Council of Ministers’ decisions on 13 February
2019 and 6 May 2019, various amendments have been made to the
Cyprus Investment Programme. These amendments were made on the
basis of Section 111A(2) of the Civil Registry Laws (2002 to 2019),
with specific terms and conditions, incentives and controls being
put in place to prevent abuse.
