Cyprus is an appealing European country located in the eastern Mediterranean Sea. The Cypriot Government has established a number of incentives to attract foreign direct investment into the country. One of these is a citizenship-by-investment programme that grants full Cypriot citizenship to those that invest more than EUR 2.5 million and who meet certain other requirements. Successful applicants gain the right to live, work and study in all 28 EU member countries.
General information and advantages
Fast track procedure: the time frame for the application and approval is just three months
Full EU citizenship is obtained, with the right to freely reside, work, study and have a business in any of the EU-member states, as well as in Switzerland, Liechtenstein, Norway and Iceland
Dual citizenship is permitted in Cyprus
No stay requirement to reside in Cyprus after obtaining the Cypriot citizenship
Visa-free travel to over 150 countries worldwide
Eligibility for application is passed on to the investor’s spouse, children (dependants up to the age of 28) and their descendants
No language proficiency requirements
The minimum investment has been reduced from €5 million to €2.5 million*.
The applicant’s parents are also eligible to apply for citizenship, by investing an additional €500,000 in a permanent residential property.
Donation of at least €75,000 to the Cyprus Research and Innovation Foundation
Donation of at least €75,000 to the Cyprus Land Development Corporation
Investment in the Shipping sector is included
Investment in Registered Alternative Investment Funds is included, as well as the option for these organisations to invest up to €200,000 in the Cyprus Stock Exchange secondary market
A combination of different economic criteria is available: the total investment should be €2,650, 000 million (Property of €500,000 + other investments in Cyprus of €2 million)
* A minimum investment of only €2 million is acceptable provided that the investment is only made in residential property, of which one property must be worth not less than €500,000 and must be the investor’s private residence.
Additional costs apply for dependants and family members and vary with the age of a person. Аn additional agent fee applies. Please contact us for a detailed quote and our fees.
You will find more information on the official website of the Ministry of Interior of Cyprus
Application/Submission Fee €2,000
Issuance of Naturalization Certificates €5,000
Birth certificate, two passport size photos, and copy of passport
Certificate of clear criminal record form country of origin
Certificate of change of name (if applicable)
Marriage certificate/divorce certificate (if applicable)
Copy of newspaper publication in two separate issues of any newspaper circulating in Cyprus stating the applicant’s intention to apply for naturalization
CV and the required documents evidencing the choice of investment of the applicant in Cyprus
Residential property of EUR 500.000 + VAT (if applicable)
All documents should be officially translated to English or Greek and legalized either by apostille or via the Ministry of Foreign Affairs and the Cyprus Embassy
Please do not hesitate to contact us for more details and our fees