Cyprus Citizenship by Investment Program
Time To Citizenship
Overview of Cyprus
The Cyprus Citizenship Investment Scheme is designed for ultra-high net worth individuals who wish to obtain a second citizenship in a European Country which gives access to all the rights of an EU citizen protected by EU legislation and regulations such as freedom to work, study and reside in any EU member state. The Cypriot passport grants its holder a visa free access to over 157 countries.
The prospective investor needs to invest at least €2 million to be eligible to submit an application to obtain the Cypriot citizenship. The amount of €2 million* can be invested as follows:
- Investment in Real Estate property** (Residential, Commercial, Development) which must be kept for 3 years.
- Financial Assets of Cypriot Companies or Cypriot organizations, Alternative Investment Funds or financial assets of Cypriot Companies or Cypriot organizations that are licensed by CySec or a Combination of these investments for a total of €2million***. Within this the applicant may purchase government bonds of the Republic of Cyprus of up to €500,000
*The investor should only keep the investment of €2 million for just 3 years.
**If the applicant has invested in housing units, one of these housing units must worth at least €500,000 plus VAT and be kept for life.
***The applicant needs to keep a housing unit of €500,000 for life in addition to the €2 million investment.
|Nicosia||9,251 km²||1.17 million||Greek, English|
|CURRENCY:||EXCHANGE RATE:||GDP – PER CAPITA (2016):||GDP – TOTAL (2016):|
|Euro (EUR)||1 USD = 0.86 EUR||USD 23,324||USD 19.8 billion|
The Cyprus Citizenship Program is now one of the fastest in Europe and is pursuant to the “Scheme for Naturalisation of Investors in Cyprus by Exception” on the basis of Section 111A (2) of the Civil Registry Laws of 2002-2013, based on a Council of Ministers decision dated 19th March 2014. On 24 May 2013, Pursuant to subsection (2) of section 111A of the Civil Registry Laws of 2002-2013. In virtue of this law, the Cyprus Council of Ministers may grant citizenship by naturalization to foreign entrepreneurs. Therefore, enforcing favourable immigration policies and further fostering a way of obtaining Cyprus Citizenship by Investment. The new regulations simplify the entire procedure in both time and formalities.
Additionally, the law provides for the granting of the Cypriot citizenship to the spouse as well as financially dependent adult children of the investor. Neither the spouse nor the children are obliged to meet any additional financial criteria.
Immediate Visa free Travel
Antigua & Barbuda
St. Kitts & Nevis
St. Vincent &The Grenadines
Trinidad and Tobago
Bosnia & Herzegovina
São Tomé and Príncipe
* Visa-free travel countries for CYPRUS passport holders are: (The list of visa free travel countries is subject to governmental changes)
Compare Second Citizenship Program
Cyprus is not the only country offering a Citizenship through Real Estate Investment. Visit the pages below for other options.
Compare Permanent Residency Program
Europe is offering a golden visa program leading to a residence permit through real estate investment. Visit the pages below for further options.