{"id":8032,"date":"2016-09-28T13:32:52","date_gmt":"2016-09-28T13:32:52","guid":{"rendered":"https:\/\/www.investmentimmigration.com\/?p=8032"},"modified":"2019-02-12T13:46:38","modified_gmt":"2019-02-12T18:46:38","slug":"cyprus-drops-citizenship-program-investment-threshold-e2m","status":"publish","type":"post","link":"https:\/\/www.investmentimmigration.com\/cyprus-drops-citizenship-program-investment-threshold-e2m\/","title":{"rendered":"Cyprus Drops Citizenship Program Investment Threshold to \u20ac2m"},"content":{"rendered":"
Cyprus has reduced the investment threshold for its citizenship-by-investment program from \u20ac5 million to \u20ac2 million across its asset classes.<\/p>\n
Foreigners can now access Cypriot citizenship for \u20ac2.5 million, given the added requirement of a \u20ac500,000 real estate purchase.<\/p>\n
The program has also been made more flexible, with investors able to combine all available categories and still pay only \u20ac2 million.<\/p>\n
The country\u2019s prime location between Europe and the Middle East make it an extremely popular option for wealthy Arabs looking for a second citizenship.<\/p>\n
The volatility of the Middle East region means there is plenty of interest in having a backup option should problems arise.<\/p>\n
*Each option requires additional purchase of real estate worth at least \u20ac500,000<\/p>\n
Candidates must have a clean criminal record and must hold a residence permit in Cyprus prior to filing their application.<\/p>\n
Cyprus recently began looking to Thailand as it aims to attract new customers for its permanent residency and citizenship-by-investment programs.<\/p>\n
Officials from the Mediterranean island have been engaging with their Thai counterparts in an attempt to boost relations between the two countries.<\/p>\n
Cyprus is attractive to Thailand because of its status as a European Union member. It is also one of few EU member states to offer a citizenship-by-investment option.<\/p>\n
Wealthy Lebanese nationals have also become key customers of the Cyprus investment immigration programs as they seek a safe haven from potential future conflict in their country.<\/p>\n
With Cyprus still in full recovery mode following the acute financial troubles of the 2008 economic crash, investment from Lebanese \u2013 and other Middle East nations \u2013 is most welcome.<\/p>\n
It has created a mutually-beneficial situation that means the two-year old program is thriving.3<\/p>\n
Further reading<\/b><\/p>\n Cyprus has reduced the investment threshold for its citizenship-by-investment program from \u20ac5 million to \u20ac2 million across its asset classes. Foreigners can now access Cypriot citizenship for \u20ac2.5 million, given the added requirement of a \u20ac500,000 real estate purchase. The program has also been made more flexible, with investors able to combine all available categories…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[454],"tags":[],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p8hnWW-25y","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/8032"}],"collection":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/comments?post=8032"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/8032\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media?parent=8032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/categories?post=8032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/tags?post=8032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n