Change in the scheme 15 May 2019 onwards

A mandatory donation of €75,000 to the Research and Innovation Foundation to promote the creation of an entrepreneurial innovation ecosystem.

A mandatory donation of €75,000 to the Cyprus Land Development Agency, aiming at the contribution of the Program to the new integrated housing policy, namely for the implementation of affordable housing projects and the implementation of other housing plans / measures.

Obligation to maintain the required investments for a period of at least 5 years from the date of naturalization.

The applicant shall have the right to replace the investment made within the five – year period, subject to prior approval by the Ministry of Finance.