The Council of Ministers, during the cabinet meeting held on the 6th of May 2019, decided that investors, who have concluded agreement/agreements for the purchase of immovable property will be exempted from making €150,000 donation provided until the 15th of May 2019 the sale deed/ purchase agreement stamped until the 15th of May 2019
The decision was made to extend the deadline due to certain investors, who have been informed on the Programme prior to 13th of February 2019, and will not be able to submit their citizenship applications prior to the 15th of May 2019.
The new exemption will be in force for applications that will be submitted until the 15th of July 2019.
The Government bonds/securities will not available from May 15th onwards for citizenship in cyprus. The new rules does not exempt applicants from schengen visa requirement.
The official announcement is available here
