Cyprus

The Republic of Cyprus is an island in the Mediterranean sea popular for its tourism, real estate, and financial services. It is famous amongst the high net worth individuals and investors for its Citizenship-through-investment program.

Samuel OskysSamuel Oskys06/06/2019
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3min

The Republic of Cyprus has seen its ups and downs from an economic standpoint. Specifically, after the recession of 2008, Cyprus picked up the broken economy and with the help of various programs like the Cyprus Citizenship Program in conjunction with real estate developers. It’s clear that the construction and development industry is still in revival mode and is recovering from the recession years but it’s driven by the Citizenship program. The industry may be dependent on the program which focuses on issuing passports and citizenship to high-value overseas investors and new properties around Cyprus. Developers see a bright future for Cyprus as large projects will be developed in the near future and other big projects will be announced.



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