Source: https://cbi.me/guides/closed-citizenship-by-investment-programmes/

CBI.me Research Desk · editorial guide · 13 October 2026

# Closed citizenship by investment programmes

Several well-known investor-citizenship schemes are closed. An old programme page or a legacy approval does not establish an open application route. Check whether a record concerns new intake, repeal, replacement or an existing file.

### [🇧🇬Bulgaria](https://cbi.me/closed-programmes/bg/)

Investor / fast-track citizenship

Closed · Former qualifying investment pathway

### [🇨🇾Cyprus](https://cbi.me/closed-programmes/cy/)

Cyprus Investment Programme

Closed · Historical multi-part investor package

### [🇲🇹Malta](https://cbi.me/closed-programmes/mt-mein/)

Exceptional services by direct investment / MEIN

Closed · Former fixed contribution/property package

### [🇲🇩Moldova](https://cbi.me/closed-programmes/md/)

Citizenship by Investment

Closed · Former EUR 100,000 contribution

### [🇲🇪Montenegro](https://cbi.me/closed-programmes/me/)

Special investment citizenship programme

Closed · Historical project investment + contribution

## Malta’s former investor scheme

Malta discontinued its direct-investment citizenship framework after the 2025 Court of Justice judgment. Its citizenship-by-merit provision is discretionary and expressly not a replacement investment programme.

## Cyprus and Montenegro

Cyprus terminated its investment programme from 1 November 2020. Montenegro phased out its investor-citizenship scheme at the end of 2022. Processing an older file does not mean new intake reopened.

## Use the historical inventory carefully

The IMF inventory helps locate former schemes. Historical prices are nominal archival figures, not offers. Where original statutes or commencement details have not been reconstructed, the entry states that limitation.

## Sources

- [Investment programme service-provider registry ↗](https://cipregistry.mof.gov.cy/en/)Cyprus Ministry of Finance · Government guidance · Checked 2026-10-13What this source supports

Terminated 1 November 2020 by 13 October 2020 Cabinet decision.

- [Amendments to the Maltese Citizenship Act ↗](https://komunita.gov.mt/2025/07/23/press-release-the-government-publishes-amendments-to-the-maltese-citizenship-act/)Community Malta Agency · Government guidance · Checked 2026-10-13What this source supports

Direct-investment scheme discontinued; statutory references removed.

- [Malta citizenship by merit ↗](https://komunita.gov.mt/2026/02/05/malta-citizenship-by-merit/)Community Malta Agency · Government guidance · Checked 2026-10-13What this source supports

Merit is discretionary and expressly not a continuation/alternative to former investment scheme.

- [Montenegro 2023 report, host copy ↗](https://wapi.gov.me/download-preview/4441000a-7e5c-4b2c-b3f3-661bac4e8736?version=1.0)European Commission · Institutional report · Checked 2026-10-12What this source supports

Investor citizenship scheme phased out end 2022; legacy applications continue.

- [Ex-post evaluation of Citizenship Law 1024/2000 ↗](https://parlament.md/content/Comisii/2025/CSN/RAPORT%20EX-POST%20LEGEA%20NR.1024%20CET%C4%82%C8%9AENIA%20RM.pdf)Moldova Parliament · Parliamentary report · Checked 2026-10-13What this source supports

Law 111/2020 repeal effective 1 September 2020.

- [2023 Rule of Law contribution ↗](https://commission.europa.eu/document/download/2d4ff806-ffab-4906-be61-f06aad3cb154_en?filename=66_1_52855_input_mem_bulgaria_en.pdf)Bulgarian government submission to European Commission · Government submission · Checked 2026-10-13What this source supports

Investor citizenship repeal adopted March 2022, published 1 April 2022.

[Compare programmes →](https://cbi.me/)
