Cyprus investor citizenship scheme pumped €3.3 billion euros into economy

The Citizenship by investment in Cyprus programme brought in €3.3 billion euros in foreign investment by the end of 2016 according to Cyprus mail..

The Cyprus permanent residency scheme providing a permanent residence permit to those buying homes worth €300,000 yielded an additional €700 million euros over the same period, bringing the overall total to €4 billion as reported by Cyprus mail.

Since 2013, when the current scheme was introduced, some 1,300 persons have been naturalised through the investor citizenship programme in Cyprus which requires 2 million euros or more investment in real estate or 5 million euro government bonds or business.

The Cyprus citizenship by investment program  full details of the scheme is available in the Cyprus Civil Registry and Migration Website  under Scheme for naturalisation of investors by exception on the basis of subsection (2) of section 111A  of the Civil Registry Laws of 2002-2015



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