Citizenship by Investment Program

Advantages

  • A European Union (EU) member country
  • The applicant can live, travel, work and study anywhere in the EU
  • Spouse, and any dependent children up to 28 years old in full time university education can be included
  • Dependent parents can be included
  • Safe living environment, a beautiful location with a great Quality of life
  • Dual citizenship is allowed
  • Allows visa free travel to more than 170 countries, including the EU, Canada Hong Kong, Singapore, New Zealand, etc.
  • Reasonable cost of living
  • Multicultural society
  • Free access to public education and healthcare system

Requirements

  • No residency requirement
  • No language, education or upper age requirements
  • The applicant must prove a clean criminal record
  • Must be at least 18 years old
  • The applicant must invest at least € 2,000,000 in Cyprus
  • The applicant must purchase a residential property in Cyprus of a value at least €500,000
  • The residential property must be treated as a permanent residence and retained to maintain citizenship

Investment Options

  • An investment of at least €2 million in a single residential property used as a permanent residence; or
  • An investment of at least €2 in residential properties, including at least one property with a minimum value of €500,000 as a permanent residence;or
  • An investment of at least €2 in commercial or mixed properties, plus at least one property with a minimum value of €500,000 as a permanent residence.
  • Dependent parents must also hold one property with a minimum value of €500,000 as a permanent residence, or hold a share of a permanent residence with a minimum value of 500,000
  • The investment properties may be rented out to provide an income for the investor

Process

  • The main applicant must visit Cyprus at least once in order to take an oath to obtain citizenship
  • Once the applicant has obtained citizenship, the dependent relatives (spouse, children up to 28 years old and dependent parents) can apply for citizenship
  • To maintain citizenship, the applicant must;
    • Keep the investment properties for a minimum period of 3 years
    • Always retain a permanent residence with a minimum value of €500,000 (+VAT)
  • The investment properties may be sold after 3 years