Cyprus Investment Programme (CIP) undergoes change
Following a meeting of the Council of Ministers held in July 2019, the Cyprus Investment Programme (CIP) has been revised, and the changes are already effective. These are summarized below:
- The requisite donation will now be payable only after the Citizenship application has been approved by the Council of Ministers.
- The Council of Ministers will not grant Cypriot Citizenship through the Programme to individuals who fall into categories of high-risk.
- The applicant can purchase securities on the secondary market of the Cyprus Stock Exchange (CSE) up to the value of €200,000, under the combination of investments.
For further information, please contact one of our Immigration Solicitors on 020 3318 5794 or via email at email@example.com.