The Citizenship by Investment program is history, but Cyprus continues to attract wealthy investment immigrants from across the globe. Eclipsed by the high-profile CIP in the past, Cyprus’ permanent residence by investment program is slowly but steadily attracting the attention of golden visa investors. Permanent Residence by Investment in Cyprus: Two Separate Programs for Investors…
Investment immigration programs have long been criticized by multinational bodies like the European Parliament. The loudest and harshest criticism has been reserved for EU golden visa programs, especially the citizenship-by-investment programs offered by Cyprus and Malta. EU Citizenship: Worth the Price Fast-track Cypriot citizenship does not come cheap. The applicant must invest at least €2…
Cyprus’ efficient handling of the COVID-19 crisis means its already popular citizenship-by-investment program is well-placed to attract precious foreign capital into its economy. As investors consider their options, the minimal economic impact of the coronavirus pandemic makes Cyprus doubly attractive to foreign investors. Firstly, the Cyprus CIP can help high net worth investors secure a…
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 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…