Advantages of the program

The program is unique in Europe and very appealing:

  • Cyprus passport is a full EU passport. Investor and his family can freely reside, work, study, have business in any of the EU-member states as well as in Switzerland, Liechtenstein, Norway and Iceland
  • Holder of Cyprus passport can travel visa-free in 157 countries in total
  • Dual-citizenship is permitted. Acquisition of Cyprus citizenship is not reported to other countries
  • The passport is issued also for the investor’s spouse and all financially dependent children (up to 28 years old). All next generations of investor retain EU citizenship
  • The investor’s parents are entitled to apply for citizenship provided that they are owners of a Cyprus permanent residence of at least €500.000
  • An express procedure - 3 months to be approved, plus another 3 months to actual passport
  • No requirement to reside in Cyprus 
  • Minimum investment required is €2mln (here and below amounts are excluding VAT where VAT is applicable)
  • The investment must be kept just for 3 years. After that, the assets can be sold. To be more precise, the Law states that a property of minimum value of €500.000 must be kept as a private residence (we expect that this condition will be removed; anyway this private residence can be rented out and generate rental income for investor)
  • No donation to the Cyprus government
  • No history and language proficiency tests

Investment options

An investor is free to choose where to invest from a wide choice of options:

  • Residential properties
  • Commercial properties
  • Development projects
  • Purchase or creation or participation in Cypriot businesses or companies
  • Investment funds, financial assets of Cypriot businesses or organizations
  • Government bonds (maximum €500.000; the balance €1,5mln should be invested in other options like property)
  • Combination of the above options 

Requirements for investors

An investor must meet the following requirements:

  • The minimum investment amount is €2mln 
  • Keeping investments for a period of minimum 3 years
  • Clear criminal record for applicant, spouse, adult children and parents
  • The investor must own a private residence(ies) in Cyprus, purchased for at least €500.000. If investments are made into residential property(ies), this requirement is not applicable
  • The investor must be the holder of a residence permit in Cyprus to qualify for receiving the Cyprus Citizenship. For this purpose, he/she should submit an application for a residence permit, which will be issued simultaneously with the filing of the Citizenship application. The obtaining of the residence permit is a formality due to EU regulation. There is still no requirement for the investor to live in Cyprus.

*If an investor sells residential property(ies) of €2mln after 3 years, he/she has to buy another residential property(ies) worth €500.000

Our team of property experts are ready to assist you with any questions you might have.

 

 

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