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Cyprus changes permanent residency program to reflect fund options

Cyprus has made some changes to its permanent residency by investment program.  Quite a good step in the right direction.  However, in order to be competitive, Cyprus must align its offering with that of Portugal or the new Bulgarian fast track programme.  Permanent residency is quite limited in Cyprus because the island is physically cutoff from Europe and is not part of Schengen.

A very good synopsis on the program can be found at IMI Daily.