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Cyprus Investment Program

  • On the basis of the Cyprus Investment Program, a non-Cypriot citizen, who meets the economic criteria of the Program, may apply for the acquisition of the Cypriot citizenship.
  • The applicant should have made the necessary investments during the three years preceding the date of the application and must retain the said investments for a period of at least five years as from the date of the naturalization. In the case where, following a periodic inspection, it has been established that a criterion, term or condition of the Program has been breached, the granted naturalization may be revoked.
  • The right of free movement, freedom to work and study, and security within the social and legal system of the EU for whole family.
  • Visa-free or visa-on-arrival travel to 174 destinations including Canada, Hong Kong, Singapore, and the UK.
  • Processing time is approximately six to eight months.
  • Citizenship passed down to future generations.

Qualifications

Any non-Cypriot natural persons are eligible to apply for the acquisition of Cypriot citizenship if they meet one of the investment criteria below:

  • Investment in real estate, land development and infrastructure projects of at least €2 million.
  • Investment in financial assets of Cypriot companies or organisations of at least €2 million.
  • Investment in Alternative Investment Funds or financial assets of Cypriot companies/ organisations that are licenced by the Cyprus Securities and Exchange Commission of at least €2 million.
  • Combination of the above criteria, which can also include investment in Government Bonds of up to €500.000.
Eligible Family Members
  • Minor children: Dependent children up to the age of 18 may apply, after the investor acquires the Cypriot Citizenship and provided that the other parent consents to the grant of the citizenship.
  • Adult financially dependent children: the right to apply for citizenship is also granted to the financially dependent adult children of the investor belonging to one of the following two categories: students up to the age of 28 or children with severe physical/ mental disability that prohibits employment.
  • Parents: The investor’s parents may also apply for citizenship after the investor has acquired his/ her citizenship, provided that they are owners of a private residence of at least €500.000 (+VAT). The investor and his/ her parents may collectively acquire one residential property of a total value of at least €1 million (+VAT)

Cyprus Overview

  • Cyprus, officially called the Republic of Cyprus, an island in the eastern Mediterranean Sea renowned since ancient times for its mineral wealth, superb wines and produce, and natural beauty.
  • A “golden-green leaf thrown into the Sea” and a land of “wild weather and volcanoes,” in the words of the Greek Cypriot poet Leonidas Malenis, Cyprus comprises tall mountains, fertile valleys, and wide beaches. Settled for more than 10 millennia, Cyprus stands at a cultural, linguistic, and historic crossroads between Europe and Asia. Its chief cities—the capital of Nicosia, Limassol, Famagusta, and Paphos—have absorbed the influences of generations of conquerors, pilgrims, and travelers.
  • The island is covered by a great natural beauty with rare flora and fauna, a stunning coastline with golden sandy beaches, clear blue waters and year-round sunny weather. Local and international festivals, concerts by renowned performers, museum nights and other cultural events take place in ancient and modern open-air amphitheaters, museums, archaeological sites and other venues throughout the year.
  • Cypriots are known worldwide for their genuine and sincere hospitality and friendliness. Like Cypriot culture, Cypriot cuisine is an amalgamation of different influences from Greece, the Mediterranean region and the island’s previous conquerors.
  • Capital city: Nicosia
  • Languages: Greek, English
  • Visa free countries: 174
  • Currency: Euro €
  • Total area: 9,251 km²
  • Population: 1,207,359 (2019)
  • Neighbor countries: Turkey, Syria
  • Time zone: UTC+02:00

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