Cyprus CIP’s Reputation Enhanced By Tougher Rules, Stronger Intent and Passport Rankings Jump

Cyprus CIP’s Reputation Enhanced By Tougher Rules, Stronger Intent and Passport Rankings Jump

Harsh criticism, both domestic and international, of its controversial citizenship by investment program notwithstanding, the Cypriot government’s efforts to strengthen the program and restore its credibility seem to be working, at least as per the latest Passport Index ratings.  The holder of a Cypriot passport enjoys visa-free visit privileges to 122 countries with the option…

Cyprus Introduces Sweeping Changes to its Citizenship by Investment Program

Cyprus Introduces Sweeping Changes to its Citizenship by Investment Program

Cyprus has introduced a raft of changes to its citizenship by investment program in response to criticism of its due diligence and the way it was being administrated. Important changes include additional mandatory donations, permanent residence requirements in Cyprus and the exclusion of government bonds as an eligible asset. Changes to the Cyprus Investment Program…

Cyprus Investment Criteria

Cyprus Investment Criteria for Cyprus Investor Immigration Program The investor must fulfill the following investment Cyprus Investment Criteria’s conditions: Deposit a sum of not less than €30,000 in an account with a financial institution in Cyprus. The deposit must be confirmed by a letter issued by the financial institution. The deposit should be pledged for a period…