Cyprus Citizenship Program

Time to citizenship

6 months

Minimum Investment

€2,000,000

Type of investment

Real Estate

Visa free Countries

174 Including EU, UK and Canada

Cyprus Citizenship by Investment Program

Cyprus’ Citizenship by Investment Program was established in 2016 in an effort to attract direct foreign investment from high net-worth individuals. It offers the quickest method of obtaining EU citizenship, taking just six to eight months for application approval. Furthermore, applicants are not required to reside in the country at all. To apply for citizenship, investors need to purchase property in Cyprus to the value of at least €2,000,000 and contribute €150,000 to government funds. After five years, applicants may reduce their property investment to €500,000, which needs to be maintained indefinitely.

Which Family Members Can Be Added in the Same Cyprus Citizenship by Investment Application?

  • Spouse

  • Children under the age of 18

  • Children between the ages of 18 and 28 that are financially dependent on the applicant and studying full-time

  • Parents, provided they own a private residence of at least €500,000

Cyprus Overview

Cyprus is a stunning island that is home to long, white beaches, warm and friendly people, delicious cuisine, and even some ancient mythology.

Language

Greek & Turkish

Currency

Euro

Total Area

9,251 km2

Capital

Nicosia

Government

Presidential Republic

Population

1,207,359

Cyprus Citizenship and Passport Benefits

  • Applicants and their dependents can travel visa-free to over 170 countries around the world.

  • Citizenship can be obtained within 6 to 8 months.

  • Investors have the right to work and live permanently in Cyprus, as well as in any other EU country.

  • Family members can also obtain passports, and citizenship can be passed down to future generations.

  • Applicants are not required to live in Cyprus, and only one visit is required to provide biometrics.

  • An attractive tax regime and a booming economy.

Cyprus Citizenship Through Real Estate Investment

Cyprus’ Citizenship by Investment Program requires applicants to invest at least €2,000,000 in real estate and make a donation of €150,000 that is split equally between the Research and Development Fund (or another certified innovation enterprise) and the Land Development Organisation. After five years, the property investment can be reduced to €500,000, but investors need to maintain this investment for the applicant’s lifetime. This property will be considered as the investor’s main residence in Cyprus, even if the applicant chooses to live elsewhere.

Cyprus Citizenship by Investment Cost

Processing Fees

€2,000 per adult
€80 per child under 18

Real Estate Investment

€2,000,000

Government Donations

€75,000 to the Research and Development Fund
€75,000 to the Land Development Organisation

Legal Fees

€40,000

How to Qualify for Cyprus Citizenship

  • Applicants must be 18 years of age or older

  • Investors must be a third-country national – not an EU/EFTA citizen

  • Applicants must have no criminal record

  • Investors and their families must agree to biometric data submission

  • Applicants must be registered as residents of Cyprus for a period of at least 6 months (although this doesn’t mean they actually need to physically reside in the country)

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Cyprus Visa-free Countries

Over the past several years, the government of Cyprus has been successfully working on expanding its list of Visa-free countries. For now, holders of a Cypriot passport have Visa-free access to 174 countries.

FAQs About Cyprus Citizenship

Cyprus is considered to be very safe. However, travelers should observe general safety precautions.
Applicants are required to invest €2m into real estate in order to obtain a Golden Visa, which is a precursor to citizenship.
Golden Visa holders can apply for citizenship after seven years on the condition that they reside in Cyprus and spend a full 365 days in the country before applying for citizenship.
Cyprus does allow citizens to hold dual citizenship, so Golden Visa applicants are not required to give up their existing citizenship.
To get a Golden Visa for Cyprus, applicants need to invest €300,000 into brand new real estate bought directly from the developer, which can either be lived in by the investor and his family or rented out. The investment can be split into a maximum of two properties, but the combined value should reach or exceed €300,000.

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