What types of residency are available in Cyprus? What changes are outlined in the new legislation? How quickly can one obtain Cypriot citizenship? “Successful Business” discussed these topics with Anna Grigorieva, the Managing Partner of AG Advocates. She offers invaluable advice on navigating the system, emphasising the importance of demonstrating a commitment to life in Cyprus and providing practical tips for effectively monitoring the citizenship application process. Anna, what types of residency are available for foreigners in Cyprus? Is it…

The Cypriot economy remains dominated by the attraction and utilisation of external capital. In recent years, the economy has been transforming so that rather than being dependent on a few sectors such as trade, agriculture, tourism and the public sector, it has added sectors such as technology, financial services, professional services and others as a critical means of diversification. In 2023, the reliance on external capital and Cyprus’ status as a safe haven for investors and refugees saw its greatest…

The Successful Business Leaders' Club comprises of two bodies: the International Business Executives' Board (IBEB) and the Economic Diplomacy Council (EDC). It consists of individuals who have worked with the Club’s Founder Natalia Kardash on one of her business projects. IBEB members comprise leaders and senior executives of both local and international businesses, both in Cyprus and abroad. Currently, over 85% of members reside in Cyprus. Board members meet online and offline, and all these meetings are included in the…

Europe is taking a proactive stance in the battle against money laundering / terrorist financing by introducing a new comprehensive Anti-Money Laundering (AML) package. This package comprises a series of legislative measures aimed at bolstering the region’s defenses against illicit financial activities. With a focus on enhancing cooperation, transparency and accountability Europe is committed to obstructing the efforts of criminals seeking to exploit its financial systems. The European AML package focuses on key areas of improvements. Firstly, it introduces a…