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?
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 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
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)
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
Guide Consultants News & updates
St. Kitts and Nevis reduces Citizenship Contribution from $195,000 to $150,000 per family
PRESS NOTICE FROM THE ST. KITTS AND NEVIS CITIZENSHIP BY INVESTMENT UNIT Friday 3rd July ...
Dominica’s Citizenship by Investment Program Expands “Qualifying Dependents” Definition
The Citizenship by Investment (CBI) Program of Dominica has expanded its definition of “qualifying dependents” ...
Why do our clients choose us ?
We operate in complete transparency and provide tailored solutions based on our client needs, while always being fully compliant with government rules and regulations.