Demetris Demetriades
Cyprus Law FirmNo changes have been made to the Citizenship by Investment Program itself. The Cyprus Government has been vigilant in maintaining the credibility of the CIP program in terms of highest quality due diligence, insight and transparency. Hence the Cabinet has recently introduced a number of measures which in summary are as follows: All applications for the Cyprus CIP must be submitted by a Registered Service Provider. Service providers must abide by the Code of Practice and all applicants must submit a signed, legalized Declaration by which they will confirm that their service provider abides by the Code, that they have received full advice and that they are aware of the consequences of not adhering to the provisions of the Cy CIP. More specifically: Under the terms of the Code of Practice, the promotion of the CIP cannot be made in public places, the media or the internet unless such advertisements are approved by the Committee. Such advertisements must under no circumstances include photos of the Cyprus Passport.
