The Council of Ministers updated the conditions for naturalisation of investors in Cyprus by exception, based on subsection (2) of section 111A of the Civil Registry Laws of 2002-2013. According to the verdict laid out on March 19, 2014, a non-Cypriot citizen may apply for the attainment of Cypriot citizenship, if he or she has purchased state bonds, invested in financial assets of Cypriot companies or Cypriot organisations, invested in real estate, land development and infrastructure projects, maintains deposits in Cypriot banks, has business activities in the country or suffered an impairment of deposits due to the resolution measures implemented.
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