Cyprus Citizenship Program Raises Mininum Investment, Reports €6.6 Billion Revenue Since 2013

Having lowered the minimum investment requirement for its citizenship by investment program in 2016, from €2.5 million to €2 million, Cypriot authorities have decided to add on a requirement for mandatory contributions amounting to 150,000. The Ministry of Finance reports that total revenues from the program since inception amount to €6.6 billion. Mandatory donations Applicants

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Cyprus CIP may get applicant cap, tougher regulations on marketing practices, says Finance Minister

“The government has already gone ahead with a substantial revision of the scheme and will not hesitate to go ahead with new adjustment and modification in order to ensure that the scheme will continue, will serve our economy’s needs, will not lead to excesses and will preserve the good reputation of our country,” Finance Minister

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