Dr. K. Chrysostomides & Co LLC
HOME CONTACT US SITEMAP
 
English Pусский 中文
LEGAL UPDATES
print this page email this page
15.09.2016
Revised criteria for obtaining the Cypriot citizenship by investment
Corporate and Commercial Law, Employment and Immigration Law
The Cyprus Government, through the Ministry of Interior, has approved revised criteria for granting the Cypriot citizenship by investment, in an effort to further promote foreign direct investments in Cyprus. The Cyprus citizenship program, by way of investment, is now easier to achieve, as the required investment has been reduced from EUR 5 million if applied individually (or  EUR 2.5 million if going through a collective investment scheme), down to  EUR 2 million for all applicants. read more
27.05.2013
Obtaining Cyprus citizenship under the special criteria of the Council of Ministers for investors/entrepreneurs
Employment and Immigration Law

From the legal perspective Cyprus citizenship is governed by the Civil Registry Law 141/2002 to 2011 and Annex “D” of the Treaty of Establishment of the Republic of Cyprus.  Naturalisation of foreigners is covered by Article 111 of the above law pursuant to which the Minister of Interior has absolute power of discretion to grant citizenship to a foreigner under certain conditions.  However, the power to grant citizenship by exemption on the grounds of public interest under para. 2(f) of the Third Table of the Law of is vested exclusively with the Council of Ministers.

In July, 2007, the Council of Ministers placed certain financial criteria under which foreign investors/entrepreneurs would be naturalized by exemption.  These criteria were revised by more recent decision of the Council of Ministers issued on 10.10.2011 and 24.05.2013.

The following are the criteria and conditions, as approved by the Council of Ministers.

read more
22.04.2013
Legislation approved by the Cyprus Parliament, 18 April 2013
Employment and Immigration Law, Taxation Law
14.12.2012
The Public Service (Working Time) (Amendment) Regulations of 2012
Constitutional, Public and Administrative Law, Employment and Immigration Law
12.09.2012
New accelerated procedure for granting an Immigration Permit to applicants who are third country nationals and invest in the Republic of Cyprus
Employment and Immigration Law
Copyright © 2011 Dr. K. Chrysostomides & Co LLC, All Rights Reserved.  |  Disclaimer Design & Development by BDigital  |  Powered by WebStudio