Cyprus

The scheme for the Naturalisation of Investors by Exception by the Cypriot Government has been in place for a number of years. Cyprus offers the fastest citizenship by investment programme in Europe. An applicant can obtain citizenship by investing €2 million and by being a holder of a Cyprus residence permit. Application for this residency permit can be submitted together with the filing of the citizenship application.

No proof of residency is required in order for the applicant to obtain citizenship.

The current investment options include:

  • Real estate investment of at least €2 million; or
  • Investment of at least €2 million in businesses or companies based and operating in Cyprus; or
  • Investment of at least €2 million in purchase units from Alternative Investment Funds (AIF)

You can also hold residency by fulfilling these criteria:

  • The purchase of new property worth at least €300,000; and
  • Deposit a minimum of €30,000 from abroad into an account which will be locked for three years; and
  • Have an annual income of at least €30,000 deriving from abroad

Key Benefits

  • Approval of citizenship application within approximately 6 months
  • Simultaneous submission of residency and citizenship applications
  • Visa-free travel to 158 countries, including the Schengen area, UK, USA, Australia and Canada
  • Unrestricted right to live, work and study in Europe
  • Low tax rates
  • Dual nationality
  • No language test requirements for citizenship
  • Right to own property in an EU member state

For further information on getting citizenship in Cyprus, feel free to call us on +356 2034 6555, or write to us either by email or via the Contact us form on this website.