In its recent study of citizenship by investment (CBI) programmes, the Financial Times' Professional Wealth Management ranked Cyprus ahead of other EU countries for its highly attractive travel and residency requirements. The Cyprus CBI programme was first introduced in 2002 at a premium investment of €15 million. The existing scheme became more competitive in 2013 and even more so following the Council of Ministers' September 2016 revisions.
Cyprus recently adopted the start-up visa for third-country nationals interested in residing and investing in innovative businesses in Cyprus. The scheme allows talented entrepreneurs from non-European Economic Area countries to reside in Cyprus and establish, operate or develop their own innovative start-up companies with high growth potential, provided that they meet certain criteria.