The Cypriot visa program for property investment accrued €2B in 2 years

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The relevant provisions of the program conclude that anyone who buys property in Cyprus automatically receives a visa, which is clear that without the right to work, but to live in Cyprus. The minimum amount required to be spent on the acquisition of Cyprus property is only €300,000 is gradually gaining momentum and is being called ‘Cyprus passport through investment.’ Further requirements of the program state that, €5 million needs to be directly invested in the Cyprus market. In return this will allow all non-EU members a passport for the whole family, after all, Cyprus has been a member of the EU since 2004.