Cyprus Tightens CBI Rules with 28 More Passport Revocations

Citizenship by Investment
Published Date: 16.09.2025

A Wake-Up Call in the Investment Migration World

Cyprus has once again made headlines by revoking 28 additional passports that were granted through its Citizenship by Investment (CBI) program. This brings the total number of canceled citizenships to 360 since 2019.

The government cited non-compliance with program rules and due diligence failures as the main reasons for these revocations. This move reflects a larger trend of increasing scrutiny and regulation in the CBI industry.

For high-net-worth individuals (HNWIs), this is more than just news—it’s a wake-up call.

Governments Are Taking Citizenship Integrity Seriously

Recent actions by Cyprus show that governments offering Citizenship by Investment (CBI) are deeply committed to maintaining the integrity and reputation of their programs. This is actually a positive development for serious investors.

It demonstrates that these programs are not just about issuing passports, but about creating long-term partnerships between nations and reputable global citizens. Countries are taking extra care to ensure that only those who meet the proper legal, financial, and ethical standards can hold their citizenship.

This is why it’s more important than ever to work with licensed professionals and trusted advisors. By ensuring that your application is fully compliant from the start—and that all ongoing responsibilities are clearly understood—you can avoid any potential issues and enjoy the long-term benefits of your new citizenship.

Common reasons for revocation include:

  • Providing false or incomplete information
  • Failing background checks
  • Criminal activity post-approval
  • Not fulfilling post-citizenship obligations (such as investment hold periods)

In the case of Cyprus, most of the revoked passports stemmed from due diligence lapses—a sign that the authorities are actively re-evaluating past approvals to ensure ongoing compliance.

The Shift Toward Stricter Oversight

Cyprus is not alone in tightening its rules. Across both Europe and the Caribbean, countries are moving towards:

  • More detailed background checks
  • Greater transparency in investment origins
  • Continuous monitoring of approved applicants

This change is driven by growing international pressure, especially from the EU and OECD, to prevent misuse of CBI programs for tax evasion, money laundering, or illegal activities.

Governments are now aiming to balance attracting investment with preserving national and international reputation.

Lessons for Investors: Compliance is Everything

This is a critical moment for HNWIs considering or holding citizenship through investment.

Key takeaways:

  • Do your homework: Understand the full terms and obligations of the program.
  • Work with credible advisors: Choose partners who prioritize transparency and legal compliance.
  • Maintain proper documentation: Ensure all investment and identity documents are accurate and up to date.
  • Don’t rely on one passport: A multi-citizenship strategy can help reduce risks.
  • Stay informed: Keep up with changes in the regulations of your host country.

Even if you were approved years ago, your compliance status can still be reviewed. What seemed like a simple process then might have long-term conditions that need to be fulfilled.

Why Working with the Right Partner Matters

Choosing a CBI program isn’t just about finding the fastest or cheapest route to a second passport. It’s about ensuring that the citizenship you obtain will:

  • Be secure long-term
  • Provide global mobility
  • Enhance financial and legal planning
  • Withstand regulatory and political changes

That’s why it’s critical to partner with licensed professionals who:

  • Understand evolving laws
  • Have strong government relationships
  • Offer holistic investment migration planning

A Call for Strategic Citizenship Planning

For HNWIs involved in international business, estate planning, or asset diversification, second citizenship is still one of the most powerful tools available.

However, the Cyprus case shows that opportunity without compliance can lead to setbacks. It’s not just about obtaining citizenship; it’s about keeping it.

A strong strategy should include:

  • Diversifying citizenship and residency options
  • Ongoing review of legal and financial requirements
  • Choosing programs with strong reputations and compliance frameworks

Contact us if you are interested in Citizenship by Investment

Our expert advisors will have a 1-on-1 consultation to find the best solutions for you and your family and guide you through the procedure.

Get in Touch

Integrity Meets Opportunity

The world of Citizenship by Investment is evolving. The focus is no longer only on speed and convenience—it’s about long-term security, legal strength, and ethical alignment.

Cyprus’ recent actions remind us all: in investment migration, integrity and foresight are just as important as opportunity.

For those considering a second passport, now is the time to act strategically—not reactively.

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