CYPRUS

CYPRUS

CITIZENSHIP BY INVESTMENT

  • Visa-free travel to 163 countries
  • EU citizenship in 6–7 months
  • Investment from € 2 million
DOWNLOAD FACTSHEET

Cyprus established its citizenship by investment programme in 2002. The government of Cyprus has established and revised a "Scheme for Naturalization of non-Cypriot Investors by Exception" on the basis of subsection (2) of section 111A of the Civil Registry Laws of 2002–2015.

Following a 6-month residence, applicants are fast-tracked toward Cypriot citizenship and the process can be achieved in as little as 6 months. The Cypriot passport offers visa-free access to 163 territories, such as Canada, Australia, Hong Kong, and Singapore, and also provides freedom of movement in the Schengen states.

The Cyprus Citizenship by Investment Programme was the first citizenship programme offering European nationality to foreign investors. In 2016 it was amended to satisfy EU standards by requiring applicants to hold a resident permit for 6 months prior to naturalisation.

CYPRUS PROGRAM OVERVIEW

REAL ESTATE
REAL ESTATE

€ 2 million property purchase

or
BUSINESS
BUSINESS

€ 2 million Cyprus-based company investment

or
FINANCIAL ASSET
FINANCIAL ASSET

€ 2 million Cyprus SEC-approved financial assets

or
COMBINATION
COMBINATION

€ 2 million combining all investment options

  • Cyprus’s passport offers visa-free travel to the Schengen area, Hong Kong and Singapore.
  • Citizenship given by the programme is lifelong and heritable.
  • Citizens enjoy unrestricted right to travel, work and settlement in all 27 EU member states, as well as Iceland, Lichtenstein, Norway, and Switzerland.
  • Investments are fully recoverable after a 3-year holding period.
  • Cyprus permits dual citizenship and naturalised citizens are not required to forfeit their previous nationalities.
  • Naturalised citizens are not required to be physically present in Cyprus.
  • Cyprus has a common law legal system and a stable political environment with a democratically elected government.
  • Cyprus residents enjoy a variety of tax advantages

Month 1

  • Prepare and submit Citizenship-by-Investment application to the Ministry of Interior.
  • Receive the Confirmation of Submission of Application for Naturalisation by Exception.
  • Prepare and submit Resident Permit application to the Civil Registry and Migration Department.
  • Applicant is required to appear in person at the Civil Registry and Migration Department to have his biometric data collected.
  • Issuance of Immigration Permit 5 days after the collection of the biometric data.
  • Citizenship application is processed and due diligence is carried out by the Ministry of Interior. The process can take up to 3 months.

Months 4–5

  • Applicant is notified of the decision of the Council of Ministers. If the applicant has been holding a resident permit for at least 6 months he will be able to take all actions necessary for the acquisition of the Citizenship and the issue of a Cypriot passport.

Months 7–8

  • After holding a resident permit for 6 months, the Civil Registry and Migration Department issues the Certificate of Naturalisation.
  • Applicant gives the Oath of Faith to the Cypriot Republic before a Registrar of a Cypriot court or a consular officer of the Republic of Cyprus.
  • Applicant acquires a Cypriot passport and identity card.
  • An investor should make the appropriate investment in real estate, Cyprus-based company investment, Cyprus SEC-approved financial assets or a combination of all investments in addition to government bonds.
  • Individuals must provide a police certificate.
  • Individuals must also purchase a property and hold it for the rest of their life.

CONTACT AN EXPERT ADVISOR

To find out more about Cyprus Citizenship-by-Investment Programme, one of our advisors is waiting to help you today. To prequalify your application for this program please complete the enquiry form to begin, or give us a call to answer any of your questions.




I understand Cyprus's Citizenship-by-Investment Programme requires a minimum investment of €2,000,000.

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