CYPRUS INVESTMENT PROGRAMME
On the 6th of May 2019, the Council of Ministers of the Republic of Cyprus introduced an exemption that will apply to certain applications that will be submitted pursuant to the Cyprus Investment Programme (the ‘‘CIP’’) until the 15th of July 2019.
In particular, investors, who have concluded agreement(s) for the acquisition of immovable property, either within the framework of investments in real estate, land development and infrastructure projects or aiming at the fulfilment of the prerequisite to possess a privately-owned residence in the Republic of Cyprus, and provided that such sale agreements will be properly stamped by the Stamp Duty Commissioner until the 15th of May 2019 (inclusive), will be exempted from the obligation to donate at least €75.000 to the Research and Innovation Foundation and from the further donation of €75.000 to the Cyprus Land Development Corporation.
The abovementioned exemption shall apply for applications to be submitted from the 15th of May 2019 until the 15th of July 2019 (inclusive).
All other provisions of the CIP applicable as from the 15th May 2019 (e.g. possession of a Schengen visa, retainment of the investments for a period of at least five years after naturalization etc.) are not in any way affected by the abovementioned exemption and shall be in force for applications to be submitted as from the 15th of May 2019 onwards.
Senior Associate Lawyer
We are a Law Firm with offices in Cyprus and Malta and a representative office in Shanghai China comprising of more than 80 lawyers, accountants and other professionals who advise, international and local clients.
The Firm has been offering legal and consulting services since 1983 evolving from a traditional law firm to an innovative cutting-edge multidisciplinary law firm combining exceptional expertise in law, tax, vat and accounting.
From its establishment the Firm’s focus has been heavily business oriented and always abreast with the latest global developments and innovations. Drawing from our pool of experienced professionals we provide our clients’ businesses full legal and accounting support on an everyday basis as well as customized solutions in today’s global financial and legal challenges.
We consider ourselves as ‘traditional pioneers’ and our motto is to foresee and anticipate any issues that may potentially impact our clients’ business and to offer effective advice and solutions proactively.
Lawyers’ Limited Company
12 Egypt Street, 1097, Nicosia
P.O. Box 22303, 1520 Nicosia, Cyprus
Tel: + 357 22 55 88 88 – Fax: + 357 22 66 25 00
Civil Partnership, Law Firm
Kinanis Fiduciaries Limited
Suite 20, The Penthouse, 4th Floor, Ewropa Business Centre,
Dun Karm Street, Birkirkara, BKR 9034, Malta
Tel: + 356 27 54 00 24, Fax: + 356 27 54 00 25
Kinanis (China) Limited
China Representative Office
Unit 661, 6/F CIROS PLAZA,
388 Nanjing West Road, Huangpu District,
Shanghai City, 200003, China
Tel: + 86 18 410 072 690
is the service mark through which Kinanis LLC of Cyprus, Kinanis Fiduciaries Limited of Malta, Kinanis, Civil Partnership, of Malta, Kinanis (China) Limited of Cyprus and their affiliated companies are conducting their business each of which is a separate legal entity.
refers to the service mark through which Kinanis LLC of Cyprus, Kinanis Fiduciaries Limited of Malta and their affiliated
companies are conducting business, each of which is a separate legal entity.