Friday, November 22, 2024

Cyprus granted 18% of Citizenships for Investment

The European Commission has published citizenship acquisition statistics on member states for the year 2017. According to the report..

 

  • EU in total granted to over 800,000 persons in 2017, which is significantly smaller compared to 1 million citizenships in 2016
  • UK nationals acquiring citizenship of another EU Member State more than doubled in 2017
  • Moroccans, Albanians and Indians were the main recipients of EU citizenship in member states.

 

The report said Cyprus granted citizenship to 5,517 persons, and the main recipients are

  • Russians – 23%
  • United Kingdom – 9.1%
  • Ukraine – 8.7%

 

Comparing these numbers with the number of citizenships granted for investment in 2017, a total of 1013 persons including family members received citizenship under the Cyprus investment scheme.

 

This only represents 18.3% of citizenships granted compared to total citizenships granted by Cyprus in 2017.

 

Also means that out of 800 citizenships granted by EU member states, Cyprus granted citizenship to only one  investor for investment in the country.

 

CIP Investor Family
2014 214 186
2015 337 342
2016 443 461
2017 503 510

 

The Naturalization rate in Cyprus is close 4%  (citizenships acquired per 100 resident foreigners)

 

 

 

 

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment News. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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