Perfectly situated in the Eastern Mediterranean, Cyprus is a country with a rich heritage and a vibrant culture. Cyprus offers a Citizenship by Investment Program giving you lifetime citizenship in the EU.
With its boasting capital of Nicosia, many successful firms operate their business in this rapidly growing metropolis. Surrounded by water, Limassol, Paphos and Ayia Napa offer beach-front properties that attract millions of tourists yearly.
Cyprus is rich with history, offering its residents and visitors a life filled with culture, arts, great cuisine and more. With neighboring countries such as Egypt, Syria, Lebanon and Greece, Cyprus is strategically located for investors looking to find a home in a safe and stable country in Europe.
Through investment in real estate, investors and their families may obtain Cyprus citizenship by investment and Cyprus passport in 6 short months.
In 2013, an announcement by the Ministry of Interior of the Republic of Cyprus was issued, stating that immigration permits (Citizenship and Permanent Residence) will be issued to third country nationals if they fulfill certain criteria and terms.
Cyprus Passports gives you many benefits including visa free travel to more than 160 countries. Once you obtain your Cyprus Passport, you will be able to access established EU healthcare and Education systems. Furthermore, you can enjoy the favorable tax regime of Cyprus.
It is worth mentioning that you can add your family members in your second passport application. You won’t need to renounce your current nationality in the process. Afterwards, you will be able to live and work freely in the EU.
The third-largest Mediterranean island, Cyprus is conveniently surrounded by Europe, Africa, and the Middle East. For centuries, its strategic geographical location, its great beauty, and its paradisiacal Mediterranean climate have attracted all desires, bequeathing it an important cultural richness.
Being part of the European Union, a member of the United Nations, and the Commonwealth, Cyprus has all the assets that make it the center of attraction for many foreign investments, tourists, and wealthy families looking for second citizenship.
The Cyprus Investment Program allows you to obtain a Cypriot passport with your family, by making a real estate investment in the country.
Passport – Direct access to citizenship of a country that is part of the European Union, ideal for business with Europe, Africa, and the Middle East.
Fast – Decision issued by the authorities in approximately 6 months.
Practical – By becoming a Cypriot citizen, you have the right to live, work, and study in all member countries of the European Union.
Taxes – Transparent tax system and one of the most attractive in Europe.
Safety – According to the World Health Organization, Cyprus is one of the safest countries in the world.
Education – The education system is of a very good standard and the majority of educational institutions offer their programs in English.
Family – Include, with your application, that of your dependent children under 29 years of age. You can also join the application of your parents and your parents-in-law if they have also acquired a residence worth at least
The Cyprus Investment Program offers a real estate option
Investors can purchase a single residential property with a value of at least €2,000,000, or multiple residential properties with a total value of at least €2,000,000.
This investment must be maintained for three years. Thereafter, the investor must hold a property for life, the value of which is equivalent to at least €500,000.
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The applicant must own a permanent residence in Cyprus with a minimum value of €500,000 (excluding VAT),
in addition to the one of the following investment schemes maintained over 5 years.
There is a one-time government contribution of €200,000.
1) Investment in real estate, land development and infrastructure projects:
The applicant must invest at least €2 million for the purchase or construction of
immovable property or development creation such as residential or commercial developments,
developments in the tourism sector or other infrastructure projects.
* In cases where the applicant invests at least €2 million in one or more residential properties
then the applicant is not required to further purchase another residence.
2) Investment in financial assets of Cypriot companies or Cypriot organizations:
The applicant must invest €2 million in order to purchase, create or participate in
businesses or companies based and operating in the Republic of Cyprus. These businesses or companies
must have a physical presence in Cyprus, substantial activity and a significant turnover, and must
also employ at least 5 Cypriot citizens or European Union citizens who during the five years
preceding the filing of the application were residing in the Republic of Cyprus.
3) Investment in Alternative Investment Funds or Financial Assets of
Cypriot Companies or Cypriot Organizations that are licensed by CYSEC :
The applicant must invest at least €200,000 million in Alternative Investment Funds established in Cyprus,
licensed and supervised by the Cyprus Securities and Exchange Commission and exclusively
making their investments in the Republic of Cyprus.
The applicant will need to continue the appropriate real estate investment.
4) Combination of the aforementioned investments:
The applicant may proceed with a combination of the above,
provided that the total investment will amount to a minimum of €2 or €2.5 million. Within this criterion,
the applicant may include the purchase of special government bonds of the Republic of Cyprus of up to €500,000.
*In case that the purchase value of the permanent privately owned residence in Cyprus exceeds the amount of €500,000,
part of this additional amount can be used for purposes of supplementing the total amount of
the investment made on the basis of the criteria of Part A above.
According to the decision of the Council of Ministers dated 19 March 2014, Scheme for Naturalization of investors in Cyprus by Exception on the basis of subsection (2) of section 111A of the Civil Registry Laws of 2002-2013 had been approved. On the basis of the scheme, a non-Cypriot citizen who meets one of the investment schemes criteria (A), either personally or through a company, may apply for the acquisition of the Cypriot citizenship through naturalization by exception. On 13 September 2016, the Council of Ministers introduced a decision amending the criteria for acquiring the Cyprus Citizenship by Investment. The main amendments relate to the reduction of the minimum investment amount to €2 million and the inclusion of the investors’ parents, who can now apply for Cyprus Citizenship along with the investors’ minor and adult dependent children (up to the age of 28).
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The Cypriot passport can be obtained within 3 months.