Cyprus Citizenship by Investment | Cyprus Passport by Investment

Cyprus Citizenship by Investment GO TO TOP

About Cyprus

Cyprus is situated in the north-eastern basin of the Mediterranean Sea at the crossroads of three continents: Europe, Asia and Africa. Cyprus is the third largest island in the Mediterranean and has an estimated population 830.000. Greek Cypriots form by far the largest ethnic group, accounting for almost 80 percent of the population. Turkish Cypriots, British, Russians, Armenians, Maronites and other ethnic groups make up the remaining 20 percent.
 
Cyprus became an independent sovereign republic in 1960 with a presidential system of government. In 2004, cyprus became a member of the European Union. Cyprus has set-up a tax system which is ideally suited both to inbound and outbound EU investors. It resulted in aligning Cyprus with EU directives, abolished all distinctions between international business (formerly "offshore") and local companies as from 1 January 2003 whilst maintaining a favourable tax regime for the international investor.

Cyprus is known for its beautiful Mediterranean beaches and is home to many historical monuments, included in UNESCO's World Heritage List. Cyprus ranked 58 out of 144 countries in the World Economic Forum Global Competitiveness Index of 2014-2015. Many new measures have been implemented to reboot the country's economy and to secure a better quality of life for residents.


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The Programme GO TO TOP

Cyprus Citizenship by Investment Programme

The Cyprus citizenship by investment programme is established 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. 

Aiming to attract foreign investors in Cyprus, the Council of Ministers, on the 13th of September 2016, revised the "Scheme for Naturalization of non-Cypriot investors by exception" and, thus, established the new financial criteria based on which non–Cypriot entrepreneurs/investors may acquire the Cypriot citizenship.

The Cyprus government has formulated a "fast-track" citizenship scheme aimed at high net worth individuals, allowing the successful applicants and their family to obtain a Cypriot passport and enjoy all the benefits of a Cyprus and EU National. 

The investment amount is now reduced to €2mn and needs be kept only for 3 years. Express procedure of 3 months is retained and there is no requirement to reside in Cyprus. In addition, the citizenship can be granted to adult children (up to the age of 28) and to the investor’s parents.


Investment Options GO TO TOP

Cyprus Citizenship for Foreign Investors

The applicant should have direct investments in Cyprus amounting to a minimum of €2 million, held for at least three 3 years, in any of the following: 
  • investment in real estate, land development and infrastructure projects
  • purchase, creation or participation in Cyprus businesses and companies based and operating  in Cyprus.  Such companies are required to have a physical presence in Cyprus and to employ at least 5 Cypriot citizens
  • investment in Alternative Investment Funds (“AIFs”) established in Cyprus and licensed by CySEC which invest exclusively in Cyprus. This criterion includes financial assets of Cypriot companies or organizations issued after approval by CySEC
  • combination of the aforementioned criteria amounting to €2mn. In the context of this criterion, the applicant may also purchase Cyprus government bonds of a maximum amount of €500.000

Additional Requirements

  • hold a Clear Criminal Record from the country of origin or/and the Cyprus Police
  • confirm that the applicant’s name is not included in the list of persons whose property is ordered to be frozen within the EU
  • privately owned residence in Cyprus, the costs of which must exceed the amount of €500.000 excluding VAT. If the direct investment is made in residential property, this requirement is not applicable
  • in case the investor’s parents are included in the application, either purchase an additional property of at least €500.000, or the investor and parents acquire one residential property of a total value, minimum €1mn
  • the applicant must be resident before being granted citizenship, thus a simultaneous application for both residency and citizenship must be filed
  • have at least one visit to Cyprus


Application Process GO TO TOP

Procedure for the Cyprus Citizenship by Investment application

We set-out below the steps of the process of applying for Cyprus citizenship: 
  1. Review and selection of qualifying investment 
  2. Investment minimum €2 million & purchase residence for personal use 
  3. Preparation and submission of applications: permanent residence, citizenship and supporting documents (2 weeks) 
  4. Acquire approval from council or ministers (3 month processing time) 
  5. Issuance of citizenship certificate 
  6. Oath of allegiance, passport application, biometrics and passport issuance
The process to obtain the Cypriot citizenship is expected to take up to 6 months following the submission of the applications to the Government of the Republic of Cyprus. 

For more information on Cyprus' citizenship by investment programme please contact us at cyprus@onecitizen.com


Benefits GO TO TOP

The Benefits of Cyprus Citizenship by Exception Scheme

  • An express procedure, it takes only 3 months to be approved
  • The investment is as low as €2 million
  • The investor must retain the investment for 3 years after which she/he is free to release it
  • Citizenship granted to spouse of the investor and minor children as well as to the financially dependent adult children up to the age of 28 who are full time students
  • The applicant’s parents are now entitled to apply for Cyprus citizenship, provided that they own a permanent residence worth at least €500.000. Alternatively, the investor and parents acquire one residential property with a total value of minimum €1mn
  • Visa-free travel to over 157 countries worldwide
  • No language proficiency tests
  • Dual citizenship is allowed and the acquisition of Citizenship in Cyprus is not reported to other countries
  • Low government fees for the filing of the application
  • Wide choice of investment options  


Visa Free Travel GO TO TOP

Cyprus citizens enjoy visa-free travel to 157 countries, as listed below. However, it is strongly advisable that the relevant Government authorities and agencies are contacted prior to travel arrangements made.
 
Afghanistan Egypt Liechtenstein Serbia
Albania Equatorial Guinea Lithuania Seychelles
Algeria Eritrea Luxembourg Sierra Leone
Andorra Estonia Madagascar Singapore
Angola Ethiopia Malawi Slovakia
Antigua and Barbuda Faso Malaysia Slovenia
Argentina Fiji Maldives Solomon Islands
Armenia Finland Mali Somalia
Australia France Marshall Islands South Africa
Austria FYROM Mauritania South Korea
Azerbaijan Gabon Mexico South Sudan
Bahamas Gambia Micronesia Spain
Bahrain Georgia Moldova Sri Lanka
Bangladesh Germany Monaco St Lucia
Barbados Ghana Mongolia Sudan
Belarus Greece Montenegro Suriname
Belgium Grenada Morocco Swaziland
Belize Guatemala Mozambique Sweden
Benin Guinea Myanmar Switzerland
Bhutan Guinea-Bissau Netherlands Syria
Bolivia Guyana New Guinea Tajikistan
Bosnia & Herzegovina Haiti New Zealand Tanzania
Botswana Honduras Nicaragua Thailand
Brazil Hungary Niger Togo
Brunei Iceland Nigeria Tonga
Bulgaria India North Korea Trinidad & Tobago
Burkina Indonesia Norway Tunisia
Burundi Iran Oman Turkey
Cambodia Iraq Pakistan Turkmenistan
Cameroon Ireland Palau Tuvalu
Canada Israel Panama UAE
Cape Verde Italy Papua Uganda
Central African Republic Ivory Coast Paraguay Ukraine
Chad Jamaica Peru United Kingdom
Chile Namibia Philippines United States
China Japan Poland Uruguay
Colombia Nauru Portugal Uzbekistan
Comoros Kazakhstan Qatar Vanuatu
Costa Rica Kenya Republic of Congo Vatican City
Croatia Kiribati Romania Vietnam
Cuba Kuwait Rwanda Yemen
Czech Republic Kyrgyzstan St. Kitts & Nevis  Zambia
Denmark Laos St Vincent & the Grenadines Zimbabwe
Djibouti Latvia Samoa   
Dominica Lebanon San Marino  
Dominican Republic Lesotho Sao Tome & Principe  
East Timor Liberia Saudi Arabia  

Ecuador
Libya Senegal  
Afghanistan Egypt Liechtenstein Serbia
Albania Equatorial Guinea Lithuania Seychelles
Algeria Eritrea Luxembourg Sierra Leone
Andorra Estonia Madagascar Singapore
Angola Ethiopia Malawi Slovakia
Antigua and Barbuda Faso Malaysia Slovenia
Argentina Fiji Maldives Solomon Islands
Armenia Finland Mali Somalia
Australia France Marshall Islands South Africa
Austria FYROM Mauritania South Korea
Azerbaijan Gabon Mexico South Sudan
Bahamas Gambia Micronesia Spain
Bahrain Georgia Moldova Sri Lanka
Bangladesh Germany Monaco St Lucia
Barbados Ghana Mongolia Sudan
Belarus Greece Montenegro Suriname
Belgium Grenada Morocco Swaziland
Belize Guatemala Mozambique Sweden
Benin Guinea Myanmar Switzerland
Bhutan Guinea-Bissau Netherlands Syria
Bolivia Guyana New Guinea Tajikistan
Bosnia & Herzegovina Haiti New Zealand Tanzania
Botswana Honduras Nicaragua Thailand
Brazil Hungary Niger Togo
Brunei Iceland Nigeria Tonga
Bulgaria India North Korea Trinidad & Tobago
Burkina Indonesia Norway Tunisia
Burundi Iran Oman Turkey
Cambodia Iraq Pakistan Turkmenistan
Cameroon Ireland Palau Tuvalu
Canada Israel Panama UAE
Cape Verde Italy Papua Uganda
Central African Republic Ivory Coast Paraguay Ukraine
Chad Jamaica Peru United Kingdom
Chile Namibia Philippines United States
China Japan Poland Uruguay
Colombia Nauru Portugal Uzbekistan
Comoros Kazakhstan Qatar Vanuatu
Costa Rica Kenya Republic of Congo Vatican City
Croatia Kiribati Romania Vietnam
Cuba Kuwait Rwanda Yemen
Czech Republic Kyrgyzstan St. Kitts & Nevis  Zambia
Denmark Laos St Vincent & the Grenadines Zimbabwe
Djibouti Latvia Samoa   
Dominica Lebanon San Marino  
Dominican Republic Lesotho Sao Tome & Principe  
East Timor Liberia Saudi Arabia  

Ecuador
Libya Senegal  


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