Blog
What's Next for the Cyprus Investor Programme?
July 25, 2019
Over the past couple of years there has been extensive speculation about the future of the Cyprus Investor Programme in the industry of immigration agents. However, Cyprus has made sure that the continious improvements imposed on the programme are pointing in the right direction creating a transparent and solid environment for investors and industry professionals.
On the 15th May 2019 the Cyprus government revised the Cyprus Investment Programme for the 5th time in its history, since it was originally launched back in the year 2011. For the records, at that time, the program name was the Cyprus Citizenship by Investment and the moment it hit the market it was considered as a milestone for the industry, as it was the first EU member state to introduce a CIP.
The truth is, during the last announcment of the ministry of interior in Cyprus back in March 2019, many investors and industry professionals felt bewildered about the new changes that felt like moving the goal post once again, making it hard for immigration advisors to score.
The changes however, had only a pure and geniune goal. To make the programme transparent for those who have chosen to doubt the due diligence practices used so far. This has made it stronger and more resilient in a World were political changes could affect the borders globally.