A revised set of criteria on the expedited process for granting immigration permits to third-country nationals who invest in Cyprus come into effect on Tuesday, the island’s Interior Ministry has announced.
The revision includes stricter parameters regarding the required checks for the granting of an immigration permit, while it defines checks and verification mechanisms.
Based on the previous scheme, the investor could secure an immigration permit for their parents and in-laws with just an investment in the Republic in a property worth 300,000 euros, the ministry said, while now no permanent residence permit is granted to any other adults, such as parents and in-laws, who have not themselves invested in Cyprus.
Source: Ekathimerini.com
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