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
QUICK FACTS
PROGRAM TYPE: Citizenship
TOTAL INVESTMENT RAISED: US$7.5 billion
TOTAL PASSPORTS ISSUED: 3,300
VISA-FREE DESTINATIONS: 173
OFFICIAL WEBSITE:
See the official website of the government entity responsible for processing applications to the program.
PROGRAM OVERVIEW:
See program essentials such as prices, requirements, timelines, investment options
ACCREDITED AGENTS:
The official list of companies and individuals licensed to submit applications to the government under the program.
PROGRAM FAQ:
See the most frequently asked questions about this program, along with their answers.
Visa-Free Destinations
Statistics on this program
Recent articles about this program
Cyprus Approves Only 27.6% of Applications Pending Since CIP Termination
Despite the Commission’s protestations, Cyprus kept processing applications pending since the CIP’s termination – but rejected most of them.
Cyprus to Revoke Another 45 Citizenships Obtained by Investment: Further Revocations Expected
In the wake of last year’s scandal, Cyprus aims to revoke 45 citizenships. Investors will get no refunds but will retain their properties.
The Investment Value of Buy-to-Let Property in Limassol
An excellent climate (not only for doing business), a top-notch lifestyle proposition, a great buy-to-let value: Welcome to Limassol.
A Summary of Investigations, Reports, and Legal Actions on Cyprus CIP So Far
As a 780-page report on the inquiry concludes more than half of naturalizations were illegal, Ahmad Abbas summarizes the Cyprus CIP debacle so far.
Eur. Commission Makes Next Legal Move in Malta, Cyprus Infringement Procedures
The European Commission has sent a “Reasoned Opinion” to Cyprus and an “additional letter of formal notice” to Malta.
Cyprus Prosecutor Opens Criminal Investigation of Unnamed CBI-Advisors
The accused reportedly face 37 distinct charges, based on the findings of a specialized government panel tasked with investigating the now-defunct program.
US State Dept. Human Rights Report Flags Five CIPs for Transparency Concerns
The report noted shortcomings in transparency (and the potential or actualized corruption that such opacity engenders) among five CIPs.
Reform for Cyprus’ Permanent Residency Program: New Investment Options
Applicants to the Cyprus Permanent Residency program now have more investment options than ever, writes Eleni Drakou.
“Jho Low Was Never a Client”: Henley & Partners Respond to OCCRP Report
Henley & Partners says Jho Low was never their client. The Investment Migration Council says that an internal review is underway.
Cyprus, Be Careful Not to Throw the Baby out With the Bathwater
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.
