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Cyprus Investment Law New Criteria

As a part of its policies aiming to further encourage Foreign Direct Investment and to attract high net worth individuals to settle and do business in Cyprus the Council of Ministers established the "Cyprus Investment Program".

On the 13.2.2019 the Council of Ministers purposing, to ameliorate the “Cyprus Investment Program”, introduced new criteria and terms based on which non–Cypriot entrepreneurs/ investors and members of their families may submit applications in accordance with the provisions of the “Program”. Below you may find information on all the provisions of the “Cyprus Investment Program”.

These information covers application procedures on the basis of the “Program”, the requested documents and the processing of the application. The information is in Greek and English and concern both the investor and his or her family members. Should there be any discrepancies in the English translation of the text compared to the original Greek text, the Greek text shall prevail.

Finally, your attention is drawn to the fact that the Council of Ministers on the 9.1.2018 and 21.5.2018 decided the establishment of the Committee for Supervision and Control as well as of the “Registry of Service Providers for the Cyprus Investment Program.” According to these resolutions from the 1.8.2018 and onwards applications will only be able to be submitted by Service Providers that are included in the «Registry» on the basis of an improved procedure. Information concerning the terms and conditions and the application for the inclusion in the “Registry” can be located on the website of the Committee for Supervision and Control and you may find its link above. Furthermore, it is noted that the “Registry” is posted on the website of the Committee for Supervision and Control.

For more information in regard to this Investment program please refer to the below website of the ministry of Interior

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CLP, Cyprus Luxury Properties (www.luxuryproperties.com.cy ) is a marketing brand owned and operated by Y.P. Bargain Luxury Properties Ltd, a Cyprus registered & licensed real estate agency (Reg.No:761 / Lic.No:399/E)