Thursday, March 28, 2024

Cyprus extends applications deadline to July 15th

The Council of Ministers, during the cabinet meeting held on the 6th of May 2019, decided that investors, who have concluded agreement/agreements for the purchase of immovable property will be exempted from making  €150,000 donation provided until the 15th of May 2019  the sale deed/ purchase agreement stamped until the 15th of May 2019

The decision was made to extend the deadline due to certain investors, who have been informed on the Programme prior to 13th of February 2019, and will not be able to submit their citizenship applications prior to the 15th of May 2019.

The new exemption will be in force for applications that will be submitted until the 15th of July 2019.

The Government bonds/securities will not available from May 15th onwards for citizenship in cyprus. The new rules does not exempt applicants from schengen visa requirement.

The official announcement is available here

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment Journal. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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