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Investment Citizenship

European Citizenship by investing in property – Cypriot Passport

In March 2014, the Cyprus Government announced changes to the legislation that enables foreign investors to become a Cypriot (EU) citizen and obtain a Cypriot passport through naturalisation, making it more accessible and affordable than ever. One of the key benefits of the Cyprus citizenship program is that it involves a secure investment, rather than a donation like in many countries.

Benefits of investment of property for Cypriot Citizenship

Investment can be sold after three (3) years

Investment can be made in various ways:

  • Residential Property
  • Commercial Property
  • Government Bonds (maximum €500,000)

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IMPORTANT: A Cyprus passport is not a residence permit but makes the holder a full citizen of the Republic of Cyprus and a member of the European Union.

Benefits of Citizenship by Investment

  • The fastest procedure in Europe of 3 – 4 months
  • Investment of a minimum of €2,000,000 (+V.A.T., if applicable) in real estate and government bonds
  • The investor is entitled to sell his investment after 3 (three) years, however, he must continue to hold at least €500,000 (+V.A.T., if applicable) of residential property
  • Investors must visit Cyprus at least once every 7 years
  • There is no requirement to reside in Cyprus either before, during or after the approval of the citizenship application
  • The citizenship is obtained as a family – husband, wife and all financially dependent children up to the age of 28 years old.
  • Citizenship is passed on by descent and can be passed on to future generations
  • No donation to the Cyprus Government is required
  • The applicant’s parents are also entitled to apply for Cypriot citizenship, by exception, provided they own a lifetime residence of at least €500,000 (excluding V.A.T.)
  • No history or language proficiency tests required
  • All the rights of an EU Citizen protected by EU legislation and regulations, are afforded: Freedom to reside, work, do business, study and travel anywhere in the EU, Switzerland, Liechtenstein, Norway and Iceland
  • VISA-Free travel to 157 countries worldwide, including the European Union countries, Canada and Australia amongst others
  • Dual-Citizenship is permitted and the acquisition of citizenship in Cyprus is not reported to any other country
  • No double taxation in Cyprus, international tax planning tool and financial confidentiality to the Cyprus passport holders
  • All nationalities are eligible

Possible investment schemes in Cyprus

Individual Scheme

  • An investment of €2,000,000 plus €500,000 (excluding V.A.T.)
  • If the investment is done with residential properties only, no €500,000 main residence investment is required
  • Investment in Cyprus Government Bonds can only be made to a maximum of €500,000
  • The criterion of bank deposits has been abolished

Investments have to be made in the following ways:

  • Residential Property
  • Commercial Property
  • Government Bonds (Maximum €500,000)
  • Financial Assets of Cypriot companies
  • Participation in Cypriot businesses with a main office located in Cyprus, with a minimum of 5 local employees
  • A combination of all of the above

Requirements for investors

  • A minimum investment amount of €2,000,000 (+V.A.T., if applicable)
  • Investments need to be kept for a minimum period of 3 years
  • A clear criminal record for all applicants (including all family members) from the country of origin and country of residence, if different and their name must not be on a list of persons whose property is ordered to be frozen within the EU
  • The investor must always own a private residence with a value of at least €500,000
  • Property purchased up to 3 years prior to submission of citizenship application will count towards the required investment
APPLICANT SUBMISSION FEE CERTIFICATE ISSUANCE FEE TOTAL
Investor €2,000 €5,000 €7,000
Spouse €2,000 €5,000 €7,000
Financially dependent child €2,000 €5,000 €7,000
Minor Child €80 €80