ARTICLE
17 August 2017

Cyprus Leads European Citizenship By Investment Schemes

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Elias Neocleous & Co LLC

Contributor

Elias Neocleous & Co LLC is the largest law firm in Cyprus and a leading firm in the South-East Mediterranean region, with a network of offices across Cyprus (Limassol, Nicosia, Paphos), Belgium (Brussels), Czech Republic (Prague), Romania (Budapest) and Ukraine (Kiev). A dynamic team of lawyers and legal experts deliver strategic legal solutions to clients operating in key industries across Europe, Asia, the Middle East, India, USA, South America, and China. The firm is renowned for its expertise and jurisdictional knowledge across a broad spectrum of practice areas, spanning all major transactional and market disciplines, while also managing the largest and most challenging cross-border assignments. It is a premier practice of choice for leading Cypriot banks and financial institutions, preeminent foreign commercial and development banks, multinational corporations, global technology firms, international law firms, private equity funds, credit agencies, and asset managers.
The study covered twelve countries, five of which are in the Caribbean region, four in Europe, two in the Asia-Pacific region and one in the Indian Ocean.
Cyprus Wealth Management

In a recent analysis of citizenship by investment schemes carried out by Professional Wealth Management, part of the Financial Times group, Cyprus was assessed to be the leading European country.
The study covered twelve countries, five of which are in the Caribbean region, four in Europe, two in the Asia-Pacific region and one in the Indian Ocean. The schemes were assessed on the basis of seven criteria: freedom of movement, standard of living, minimum investment outlay, residence requirements, ease of processing, speed of processing and due diligence.
The overall leader was Dominica, largely on account of its low investment level and requirements for citizenship. The Cyprus scheme ranked seventh overall, and first in Europe, ahead of Malta, Bulgaria and Austria.
You can access the full survey via this link.

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