Citizenship Scheme for Foreign Investors in Cyprus

A. CRITERIA For the citizenship of foreign investors in Cyprus, the following criteria shall apply, alternatively: A.1 DEPOSITS: The applicant must have deposits in Cyprus of no less than € 3.0 million, which will be allocated as follows: (a) An amount of €2.0 million to the Development and Investment Fund (b) An amount of...

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Tenth Decree for Temporary Restrictive Measures on Transactions

The Tenth Decree for Temporary Restrictive Measures on Transactions has come into force, which entails significant relaxations in the measures in place. The main changes made are: - An increase in the limit for transfers of money or cashless payments to accounts in other credit institutions in the Republic to €10.000 for individuals...

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Seventh Decree for Temporary Restrictive Measures on Transactions

The Seventh Decree of Temporary Restrictive Measures in Transactions was published. It contains clarifications in relation to payments and transfers to other credit institutions. In this context: 1. Money transfers are allowed up to €2.000 per month per natural person per institution to accounts held in other credit institutions in the Republic of Cyprus. 2. Money...

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Sixth Decree for Temporary Restrictive Measures on Transactions

The sixth Decree came into force on 11 April 2013. The Decree includes a further loosening of the capital controls first introduced on 27 March 2013. In this context: 1. Cashless payments and/or transfers of deposits/funds in an account held in another credit institution within the Republic of Cyprus is permitted up...

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