Cyprus Investment Program
Despite the global financial crisis, Europe is showing a speedy recovery with an upward trend prevailing. According to the IMF, Europe is the world’s largest economy. The EU offers unique investment opportunities with its diverse range of booming industries, notably the Services Sector which accounts for a major part of the European economy. Every industrial sector has room for expansion through foreign investment.
Cyprus, a wonderful Mediterranean country, is considered to be an attractive jurisdiction for living, doing business and studying. The country has a number of advantages such as the favourable climate, multicultural environment, high standard of living, etc. It worth noting that Cyprus is a member of the EU since 2004, which guarantees flexibility and convenience in planning business and life in general.
On 19 March, 2014 the Government adopted a decision to provide to foreign investors the Cyprus Investment Program by buying property. The Government of Cyprus has established and revised a “Scheme for Naturalization of non-Cypriot investors by exception”, amended in 2018. According to this Program every foreign citizen can acquire Cypriot citizenship through the Cyprus Investment Program by investing in one or more kinds. The quick and simple way to obtain Cypriot citizenship according to the Program involves the acquisition of real estate in the territory of Cyprus.