Cyprus 3.28 New Deal for Citizenship of Investment Immigrants in Cyprus

2065438+On March 28th, 2004, the Cyprus government announced the latest amendment on investment naturalization (hereinafter referred to as "New Policy of 328 Naturalization"), which gave preferential treatment to collective investors and greatly lowered the standards of investment naturalization in Cyprus. Summarize the main points of the "328 New Naturalization Policy" as follows:

1. For independent investors, the naturalization standard remains unchanged, with an investment of 5 million euros and a property of 500,000 euros;

2, for many people to invest in a project, that is, collective investment behavior, naturalization standards have been greatly reduced, specifically:

A investors should submit their applications before June 1, and the project investment will reach140,000 euros. Need to invest 2 million euros in businesses and real estate agents. At the same time, each investor needs to own a property of 500,000 euros to obtain Cypriot citizenship.

B investors submit their applications after June 1, and the project investment amount reaches12.5 million euros, so they need to invest in merchants and real estate agents. At the same time, each investor needs to own a property of 500,000 euros to obtain Cypriot citizenship.

Applicants who meet the above conditions can apply after completing the investment. The Ministry of Interior and the Ministry of Finance of Cyprus will complete the examination and approval within three months and submit it to the Council of Ministers for consideration. Finally, the Council of Ministers will authorize the Minister of the Interior to sign the approval letter, and the Ministry of the Interior will issue the naturalization certificate to the applicant. With this certificate, the applicant, his/her spouse and financially dependent children under the age of 28 will acquire Cypriot citizenship.