EXCEPTIONAL NATURALIZATION

For the background information on the topic please refer to the article Acquiring Cypriot Citizenship by Direct Investment. What is the applicable law? Law 141(Ι)/2002-2011 (sections 109-113 και 3rd schedule) Appendix “D” of the Treaty of Establishment of the Republic of Cyprus Ministerial Council Decision dated 10.10.2011 1.  Immediate Investments Investment Purchases of immovable property, or businesses/companies […]

ACQUIRING CYPRIOT CITIZENSHIP BY DIRECT INVESTMENT

The Council of Ministers has in recent years announced a policy according to which it will examine favourably applications for citizenship provided certain investment criteria are satisfied. The main pillars of this policy are: Direct Investments: The applicant should have direct investments in Cyprus of more than €25 million), i.e. land, offices, factories etc OR Entrepreneurial […]

THE NEW INTERNATIONAL TRUST LAW – NEW SOLID INVESTMENT OPPORTUNITIES IN CYPRUS

After much debate the House of Representatives finally voted into law the new Cyprus International Trust Law. The bill  that was enacted on the 9th of March 2012 aims to modernize the framework of international trusts and have positive impact on investment. The Cyprus International Trust Law replaces the 1992 law and introduces new innovating […]

RUSSIAN INVESTORS EXPECTED TO FLOCK TO CYPRUS INVESTMENTS

On February 15, 2012, Cyprus and Russia further strengthened their longstanding economic cooperation when Russia’s State Duma Sergey Naryshkin ratified the amending Protocol to the Cyprus-Russia Double Tax Treaty of 1998. Since the original signing, the Double Tax Treaty has been again signed in 2010 and ratified in 2011. These agreements have led to a […]