Following revision and approval by the Cypriot Ministry of the Interior, the Cyprus Citizenship by Investment Program has issued a set of amendments, the most important of which are listed below. For a more detailed account of the changes, please visit the Ministry of the Interior’s official website.
The required investment amount is now EUR 2 million, rather than EUR 2.5 million, as was the case with previous iterations of the program.
The investment in government bonds, for purposes of naturalization, is not limited to EUR 500,000, whereas previously no such restrictions applied.
Applicants must now hold a valid residence permit to qualify for naturalization. Applicants may obtain such permits and simultaneously apply for naturalization.
Parents of the main applicant are eligible for naturalization, but must retain a permanent residence on Cyprus, beyond that held by the main applicant.
The acquisition of undeveloped land no longer qualifies investors for naturalization.