NOTE: In 2020, Cyprus discontinued its CIP pending a review. A new Cyprus CIP is reportedly in planning.
The Cyprus Citizenship by Investment Programme
This program page is sponsored by Astons Immigration Attorneys
PROGRAM TYPE: Citizenship
TOTAL INVESTMENT RAISED: US$7.5 billion
TOTAL PASSPORTS ISSUED: 3,300
VISA-FREE DESTINATIONS: 173
See the official website of the government entity responsible for processing applications to the program.
See program essentials such as prices, requirements, timelines, investment options
The official list of companies and individuals licensed to submit applications to the government under the program.
See the most frequently asked questions about this program, along with their answers.
Statistics on this program
Recent articles about this program
Though poorly managed and structured, the CIP was a boon to the Cypriot economy. Michel de Martigny and David Lesperance offer a recipe for how to build back better.
Steven Pepa, who admires Mohammed Asaria, believes matching investor migrants with private equity funds can make the latter more humane.
Nuri Katz: “Schmidt cannot travel to Europe. He’s like everybody else — like a lot of other high-net-worth people who want to have options.”
In the 18 days between the suspension-announcement and the deadline, Cyprus’ CIP received an additional 105 citizenship applications.
As the Cypriot program comes to an end, hundreds of applications remain outstanding.
MUST-READ: Prof Kochenov delivers a scathing rebuke of the Commission’s infringement action: “Unquestionably ultra vires and absolutely unacceptable.”
To reduce the room for government officials to trade favors, let CBI-applicants invest in open markets, write Petrov, Shoylev, and Bekyarova.
Cyprus and Malta must now provide “satisfactory” answers within two months or see the matter referred to the European Court of Justice.
Cyprus’ CIP may yet re-emerge in a more robust form. Steven M. Pepa highlights the two weaknesses the program should tackle first.
L’ecuyer: Suspending Cyprus CIP is “Right Thing to Do” – Expect Re-Launch in “Near Future,” Says Program Expert
Allegations, demonstrations, resignations, and investigations: Cyprus reels from the Al-Jazeera bombshell and heads have begun to roll.