The bill, presented by the Ministry of Finance, aims to maintain the attractiveness of Cyprus as well as to attract employees through the creation of real infrastructure and investments.

Eric Schmidt and his family have received permission to obtain Cypriot citizenship, according to a report that was published on Monday.

Recently, the Cypriot authorities announced that from November 1, 2020, they will stop the popular Citizenship by Investment program in Cyprus. However, this does not mean that the program will be closed forever.

The Cypriot authorities have decided to amend the Citizenship by Investment Program.

Recently, at a meeting of the Cypriot Parliament, new laws and regulations were adopted to tighten the citizenship program.

The Cyprus Golden Visa program has been criticized by many EU countries. However, as assured by Nicos Nouris, Minister of the Interior, the Government of Cyprus has improved security and administration of citizenship by investment. That is, the security of the program has been increased.

According to the president of the council for the registration of real estate agents in Cyprus, the pandemic made it possible to check the country's economy again after 2013. Despite the fact that the real estate sector has suffered, it cannot be denied that this is an excellent period for reconstruction.

New measures have been proposed by parliament and are pending parliamentary approval in the near future. New changes make deprivation of citizenship for serious crimes possible.

Last year, due to the onslaught of Brussels, Cyprus stopped issuing citizenship and a second passport by investments to Politically Exposed Persons (PEP). This year, Cyprus is returning with an improved program with a special review of each case.