ARTICLE
15 September 2016

Attractions Of The Cyprus Economic Citizenship Scheme For Thai Investors

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Elias Neocleous & Co LLC

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Elias Neocleous & Co LLC is the largest law firm in Cyprus and a leading firm in the South-East Mediterranean region, with a network of offices across Cyprus (Limassol, Nicosia, Paphos), Belgium (Brussels), Czech Republic (Prague), Romania (Budapest) and Ukraine (Kiev). A dynamic team of lawyers and legal experts deliver strategic legal solutions to clients operating in key industries across Europe, Asia, the Middle East, India, USA, South America, and China. The firm is renowned for its expertise and jurisdictional knowledge across a broad spectrum of practice areas, spanning all major transactional and market disciplines, while also managing the largest and most challenging cross-border assignments. It is a premier practice of choice for leading Cypriot banks and financial institutions, preeminent foreign commercial and development banks, multinational corporations, global technology firms, international law firms, private equity funds, credit agencies, and asset managers.
The Nation, Thailand's principal English-language business newspaper, recently reported on the attractions of Cyprus's economic citizenship scheme for Thai investors.
Cyprus Wealth Management
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The Nation, Thailand's principal English-language business newspaper, recently reported on the attractions of Cyprus's economic citizenship scheme for Thai investors. Quoting the Cyprus High Commissioner to India, who is also accredited to Thailand and was meeting with the Thai Prime Minister to discuss trade and other cooperation, it reported that Cyprus "is targeting more capital from Thailand, attracting investors with easy migrant permission to become an EU citizen through investment", and that it "expects to raise capital from Thai investors in ... sectors including property, energy, oil and gas, infrastructure and tourism."

Thailand has an economic citizenship scheme of its own, but it is much less advantageous than the Cyprus scheme, which brings with it the benefits of citizenship of an EU member state, particularly visa-free travel to many countries.

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