Cyprus’s golden visa scheme attracts high level investors | FFA Real Estate
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Cyprus’s golden visa scheme attracts high level investors

Tue, 2018-01-09 10:29 -- admin

The names of applicants to so-called golden visa schemes – where countries offer citizenship in exchange for investment – have traditionally remained secret, with only Malta ever revealing such information. However, a recent story in The Guardian newspaper reported the identities of Russian and Ukrainian elite who have to date invested in Cyprus’s citizenship scheme.

Among the hundreds of names seen by The Guardian, several were identified as high ranking businesspeople with political influence in their home countries. Among these who have since earned Cypriot citizenship are said to be:

1-Leonid Lebedev: a former member of the Russian parliament and the sole owner of the Sintez Group, whose personal wealth is estimated at more than $1.2bn.

2-Alexander Ponomarenko: a multi-billionaire Russian industrialist.

3-Konstantin Stetsenko: the managing partner of Invest Capital Ukraine, a company which has operations in Cyprus

4-Konstantin Grigorishin: the largest investor in the Ukrainian utilities firm Energy Standard Group.

The citizenship investment scheme has, since 2013, earned the country more than four billion euros in investment.

If you would like to inquire about any of FFA Real estate’s project in the region or abroad, you can contact us on +961 1 960 777 or




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