{"id":4696,"date":"2019-02-17T13:37:52","date_gmt":"2019-02-17T11:37:52","guid":{"rendered":"https:\/\/fzmayuxbif.wpdns.site\/?p=4696"},"modified":"2023-08-03T13:39:33","modified_gmt":"2023-08-03T10:39:33","slug":"the-revised-regulation-with-regards-to-the-cyprus-investment-program-cip","status":"publish","type":"post","link":"https:\/\/www.kyprianou.com\/zh-hans\/the-revised-regulation-with-regards-to-the-cyprus-investment-program-cip\/","title":{"rendered":"The revised regulation with regards to the Cyprus Investment Program (CIP)"},"content":{"rendered":"<p>In an effort to further regulate the Cyprus Investment Program (CIP) and to secure its continuity, the Cyprus Council of Ministers has approved on the 13th\u00a0of February 2019 revisions on the program.<\/p>\n<p>The new changes aim to contribute to the research and development as well as to provide for social contribution.<\/p>\n<p>The changes include the following:<\/p>\n<ul>\n<li>Applicants should be in possession of a Schengen visa;<\/li>\n<li>Applicants who were rejected by another EU country shall be excluded from the CIP;<\/li>\n<li>The investment should be maintained for 5 years following the date of naturalization, instead of 3 years;<\/li>\n<li>During the 5-year period the investor will be able to change his investment, provided that a consent will be granted in this regard by the Ministry of Finance;<\/li>\n<li>Shipping will be included in the investment sectors, while investing in government bonds shall no longer be available for the purposes of the CIP;<\/li>\n<li>A planning permit shall be mandatory for properties under construction;<\/li>\n<li>A donation of \u20ac75,000 for research and development shall be mandatory;<\/li>\n<li>A donation of \u20ac75,000 to the land development organisation to fund affordable housing schemes shall be mandatory;<\/li>\n<li>Due diligence and background checks shall be carried on by a specialised foreign firm on each applicant (the firm has not been hired yet).<\/li>\n<\/ul>\n<p>For further information, please contact\u00a0<a href=\"\/key_contact\/eleni-drakou\">Eleni Drakou<\/a>, Senior Associate, Michael Kyprianou &amp; Co LLC at\u00a0<a href=\"mailto:agis.charalambous@kyprinaou.com\">eleni.drakou@kyprianou.com.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In an effort to further regulate the Cyprus Investment  [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_analysis_target_kw":"","site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[667],"tags":[],"location":[366],"expertises":[],"key_contact":[],"class_list":["post-4696","post","type-post","status-publish","format-standard","hentry","category-pressemitteilungen","location-zypern"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.kyprianou.com\/zh-hans\/wp-json\/wp\/v2\/posts\/4696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kyprianou.com\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kyprianou.com\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kyprianou.com\/zh-hans\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kyprianou.com\/zh-hans\/wp-json\/wp\/v2\/comments?post=4696"}],"version-history":[{"count":0,"href":"https:\/\/www.kyprianou.com\/zh-hans\/wp-json\/wp\/v2\/posts\/4696\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.kyprianou.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=4696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kyprianou.com\/zh-hans\/wp-json\/wp\/v2\/categories?post=4696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kyprianou.com\/zh-hans\/wp-json\/wp\/v2\/tags?post=4696"},{"taxonomy":"location","embeddable":true,"href":"https:\/\/www.kyprianou.com\/zh-hans\/wp-json\/wp\/v2\/location?post=4696"},{"taxonomy":"expertises","embeddable":true,"href":"https:\/\/www.kyprianou.com\/zh-hans\/wp-json\/wp\/v2\/expertises?post=4696"},{"taxonomy":"key_contact","embeddable":true,"href":"https:\/\/www.kyprianou.com\/zh-hans\/wp-json\/wp\/v2\/key_contact?post=4696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}