“As of November 1st, 2020, the Cyprus Citizenship Investment Program has been suspended. We await more information on further developments on the matter and will closely follow announcements from the Cypriot government on a possible new or amended, Cyprus citizenship program.”
Cyprus Investment Program
Become a Cyprus-EU citizen by investment. Are you thinking about obtaining citizenship and a second passport? Then look no further. Our expert team can help you through your application to become a Cyprus-EU citizen by investment.
Cyprus, an island in the eastern Mediterranean, has rich, turbulent history stretching back to antiquity. Known for its beaches, it has a rugged interior with wine-growing regions. It’s separated into a Greek south and Turkish north, with the capital Nicosia also divided.
The Cyprus Citizenship Program offers the most simple and efficient means to obtain European citizenship. All nationalities are eligible to apply and the requirements are minimal.
EU member countries
Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxemburg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom.
- European Citizens have the right to attends schools/universities within any EU country for free or with reduced tuition rates, as applicable
- European Citizens have the right to protection by the diplomatic or consular authorities of any EU country in a third country (country outside the EU) where your home EU country is not represented by a consulate
- European Citizens can access the established first-class EU healthcare systems
Cyprus Citizenship – Benefits
- Unconditional European Citizenship
- Freedom of movement in Cyprus all European Union member states
- Right to free healthcare and access to school system for whole family
- Passport issued within 3-4 months
- Passport issued to the Investor, their spouse and dependent children up to the age of 28, provided they are in full-time education
- Parents qualify for citizenship provided they own a house valued at €500,000 + VAT or own a share of €500,000 in a residential property of the main applicant.
- Fully managed and guaranteed net rental with income of 4% per annum on select developments
- Cyprus allows dual citizenship
- Unrestricted right to live, work, travel and study anywhere in the European Union
- Visa-free travel to 174 countries
- Free trade within the EU, business access to 500 million EU citizens
- All nationalities eligible
- No language requirement, medical test or interview
- Exit strategy on investment after 3 years
- No physical residency requirement
- Citizenship is passed on by descent, thus offering a legacy to future generations
- Cyprus has no inheritance tax, has a highly favorable corporate tax structure
- No tax consequences unless you opt to become a tax resident in Cyprus
- Cyprus offers a great place to visit/live, it enjoys a strategic geophysical position, offers excellent worldwide connections, has excellent infrastructure, a pleasant climate and is highly stable
- Cypriot passport holders can quickly and cost effectively obtain visas for other countries such as the USA
Cyprus Citizenship – Investor Category
In March 2014, Cyprus changed the legislation that enables foreign investors to become Cypriot (EU) citizens and obtain a Cypriot through naturalization, making it more accessible and affordable than ever. An EU citizen is any person who holds the nationality of an EU country. EU passport holders are entitled to enter, reside, study and work in the European Economic Area (European Union, Iceland, Liechtenstein, and Norway) and Switzerland without a visa.
Eligibility
- €2,000,000 investment in residential properties (single or multiple) or €2,500,000 towards purchasing a mix of residential and commercial properties with the value of the residential property being at least €500,000. Any property purchased during the past 3 years will count towards the investment figures. €2,000,000 can be sold after 3 years while a permanent home of €500,000 must be maintained.
- A combined donation of €150,000 to the Research and Innovation Foundation and the Cyprus Land Development Corporation is also required.
- Have a clean background and pass a due diligence check
- Be able to verify the source of funds
Click here for our recommended project: (coming soon)
Cyprus Frequently Asked Questions
Where
Cyprus is the third largest and third most populous island in the Mediterranean, and a member state of the European Union. It is located south of Turkey, west of Syria and Lebanon, north of Egypt and east of Greece.
Population
The island’s population is over 1.165 million.
Language
Greek and Turkish are the official languages. English is widely spoken and it features widely on road signs, public notices, and in advertisements. Russian is also widely spread.
Climate
The Mediterranean climate of Cyprus is temperate with hot, dry summers and cool and somewhat wetter winters.
Capital
The capital of Cyprus is Nicosia.
Time
The island has an Eastern European Time Zone UTC+02:00.
Economy
Cyprus has been sought as a base for several offshore businesses for its low tax rates. Tourism, financial services and shipping are significant parts of the economy. Economic policy of the Cyprus government has focused on meeting the criteria for admission to the European Union. The Cypriot government adopted the Euro as the national currency on 1 January 2008.
How to get there?
You can travel to Cyprus mainly by air with airports located in Larnaca and Paphos. You can reach the island also via cruise with arrival in Limassol.
Will I be liable to any taxes in Cyprus?
Cyprus has no inheritance tax, has a highly favorable corporate tax structure. No tax consequences unless you opt to become a tax resident in Cyprus.
