Monthly Archives - April 2015

April 2015

April 10, 2015
Publications

OBTAINING CYPRUS CITIZENSHIP BY INVESTMENT

CYPRUS CITIZENSHIP BY INVESTMENT The government of Cyprus has now implemented a new immigration initiative aimed at facilitating (non EEA) migrant entrepreneurs and investors who, in return for obtaining Cyprus citizenship, are prepared to invest in Cyprus. The new scheme has been established pursuant to amendments to the Cyprus Civil Registry and Migration Law. On the basis of subsection (2) of section 11A of the Civil Registry Laws of 2002-2003, a non-Cypriot citizen, who meets one of the following economic criteria (A),...
Read more...
April 10, 2015
Publications

Obtaining Cyprus citizenship by Investment – family members

Legal Framework The Decision of the Council of Ministers dated 19.3.2014 provides for the grant of the Cypriot citizenship to the spouse as well as to the financially dependent adult children (eighteen years old or above) of the investor. Neither the spouse nor the children are obliged to meet any financial criteria. The Decision regulates that adult children of an investor are considered as financially dependent, if they are students up to the age of 28 and are attending an institution of...
Read more...
April 3, 2015
News

Lifting of all remaining currency controls in Cyprus

On 3 April 2015 the government announced the abolition of all the remaining currency controls and restrictions, so that funds are freely transferable as they were prior to the imposition of controls. The final abolition is a welcome confirmation of the progress that has been made in rehabilitating the banking sector and the real economy of Cyprus.
Read more...