Citizenship by investment.
The minister of interior, Socratis Hasikos, has announced that "Citizenship by Investment" program that allows wealthy third country nationals to apply for Cypriot citizenship has boosted the Cyprus economy by €2 billion. The statement was made during his examination of his ministry's audit services report for 2013.
Cyprus is the only member state that grants naturalization in return for investment in Europe.
Alexandrou Corporate Services provides a vast spectrum of services including formalization of Citizenship and Residence Permits for non-European citizens. Please get acquainted with a more detailed guide to residence and citizenship in Cyprus here.
Source: Cyprus Property News
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