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Cyprus citizenship by investment (CBI) updates: A limit of 700 applicants annually and more!

eu immigration | cyprus program | EU Passport | EU Golden Visas | EU Real Estate | Cyprus (EU) Citizenship | Cyprus Residency Program | Cyprus Permanent Residency |
May 24, 2018

The Citizenship by Investment (CBI) industry has seen a number of dramatic changes to investment migration and citizenship programs during the year 2017 and 2018. The Citizenship by investment programs (CIPs) are seeing a swift growth year by year and the demand for second (citizenships) passports just keeps on increasing.
 
On May 21 2018 , the council of Cyprus ministers approved some changes to the citizenship-through-investment program , which has already attracted over €4.8 billion of direct investment into the Cypriot economy — up until 2016.

"The Cyprus government has tightened vetting procedures in a program that grants Cypriot citizenship to investors", the Minister of Finance - Harris Georgiades - said yesterday (May 22 2018).

Amendments : What has changed about citizenship by investment program of Cyprus ?


 The changes include the following: “We do not accept the claim that the Cypriot passport is up for sale. The Cyprus passport — like any state passport — is given on the basis of specific criteria” Georgiades said.   About Cyprus Citizenship by Investment Program (CIP)

The Cyprus citizenship by investment program introduced in the current form in 2014 and amended on a number of occasions thereafter, allows investors to receive Cypriot citizenship for an investment of as little as €2 million when the total of the investments are in real estate (provided that a property of minimum €500,000 will be purchased as a life-long residential one for the main applicant).
 
€2, 5 million, if the investor chooses to add some investments in companies of investment funds or securities, so an additional €500, 000 as a residential property must be added in the investment.
 
The program was introduced to raise much needed cash after the country nearly went bankrupt in 2013 and needed a multi-billion dollar bailout from international lenders.

Main advantages

The citizenship-through-investment program's main advantages include the following:  
Final thoughts
 
Cyprus offers investors a secure and firm environment which is ideal for families. At the intersection of the Middle East, Europe, Asia, and Africa, Cyprus is the ideal setting for global travel. The Cyprus Citizenship by Investment Program is perfect for family, business and investment purposes recognizing several investment opportunities for investors.
 
At QICMS we assist our clients in choosing the most appropriate Citizenship by Investment Program ensuring mobility for our clients and their family’s members.  

For more information on Cyprus’ Citizenship by Investment Program, please click here.
 
To see our Malta & Cyprus Citizenship Programs Compared table, please click here .
 
For the Citizenship by Investment Programs comparison table, please click here.

To see our Citizenship and Residency Programs by Investment in Real Estate comparison table, please click here.  

To see our Caribbean citizenship by investment comparison table, please click here.

Fill out our Free Assessment to find out if you qualify for any of the immigration programs offered.
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Related Programs

Citizenship by Investment in Cyprus
Cyprus Permanent Residence Program

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