Cyprus approves 390 golden passports applications after the Citizenship-by-Investment program was ended in November 2020.

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The holder of the Cyprus residency permit must visit Cyprus once every two years or the Cyprus residency permit would be canceled automatically.

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Cyprus continues processing pending citizenship by investment applications. Find out at what stage is your pending application for Cyprus citizenship?

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The Minister of Interior of Cyprus, revised the existing framework relating to the Cyprus fast track Permanent Residence Permit program.

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The President of Cyprus, Nicos Anastasiades, has said that Cyprus will not be replacing its citizenship by investment program – but other incentives would be offered for investment.

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The Citizenship by Investment (CBI) industry has seen a number of dramatic changes to investment migration and citizenship programs during the year 2017 and 2018 On May 21 2018,the council of Cyprus ministers approved some changes to the citizenship-through-investment program,which has already attracted over €4.8 billion of direct investment into the Cypriot economy — up until 2016.'The Cyprus government has tightened vetting procedures in a program that grants Cypriot citizenship to investors'

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Many European countries have introduced a 'Golden Visa' program, offering permanent residency in exchange for real estate investments . The Golden Visas are intended to be a magnet for foreign investments and arouse the property market and economy. The Golden Visas programs primarily target Middle Eastern , Chinese and Russian investors, and also investors from South Africa , Brazil , Turkey and Vietnam.

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