The Cyprus Investment Programme enables a non-EU investor to secure Cypriot Citizenship for himself and his family, including dependent children up to the age of 28.
To be eligible for this Programme, an applicant must invest a minimum of €2 million in Cyprus as well as satisfy the good standing criteria.
The applicant has a variety of investments to choose from
Reasonable investment amount of €2.000.000.
The investment can be released 3 years after acquiring the passport
Permanent Residence without a required physical presence in Cyprus
Cypriot Citizenship by Investment can be obtained within 6 months
Visa-free access to over 159 countries
Citizens have the right to live and work within the 28 countries of the EU
No need to renounce previous nationality as dual citizenship is allowed
Citizens can benefit from excellent education and healthcare systems
A low tax regime, including no inheritance tax
Investing in real estate developments & infrastructure projects
Purchase or incorporation or participation in Cypriot businesses & companies
Investing in Cyprus Alternative Funds (AIF’S) or financial assets of Cypriot organizations licensed by “CYSEC”
Combination of the above investments
Invest €2,000,000 million in one of the Investment Options
The investor is obliged to maintain the investment property for a period of 3 years.
Mandatory acquisition of personal immovable property by each investor worth at least €500,000
(except where investment is made in residential property/properties worth €2,000,000 million)
Property purchased up to 3 years prior to the submission of the citizenship application will count towards the required investment
Who is eligible to apply:
People of all nationalities are eligible to apply
Any applicant who is 18 years old and above
Spouse and financially dependent children of the investor up to the age of 28.
Parents of the investor, subject to acquiring residential property of at least €500.000 + VAT.
Investor who holds a clean criminal record from his country of origin and the country of residence, if different
The applicant whose name is not on the list of persons whose property is ordered to be frozen within the EU
The main investment may be sold after 3 years; however, the investor must always maintain / purchase a property with a value of at least €500,000
No requirements to reside in Cyprus
No exams in history or Greek language
Submission fee €2,000 per adult, minor child €80
Approval fee €5,000 per adult
Vat may be reduced to 5% on the 1st property purchase (1st 200m²), instead of 19%
Additional taxes & duties approximately €4,000
Type of investment
Investment in real estate developments & infrastructure projects
Investment of at least €2.000.000 for the purchase or construction of immovable property (residential or commercial), including investment in land. The investment in residential real estate must be retained for a minimum period of 3 years. At the end of 3-year period the investment can be reduced to a €500,000 residential property which should be held indefinitely. The applicant can make multiple property purchases, so long as the total value of €2 million is retained for 3 years, and as the total value of the residential property owned indefinitely in Cyprus remain equal to or above €500,000.
Incorporation, acquisition or participation in a Cypriot company or business where the applicant is a majority shareholder
The applicant should purchase, incorporate or participate in companies established and operating in Cyprus and invest at least €2.000.000 in those businesses. The companies must have physical presence in Cyprus, with significant activity and turnover, and must employ at least five Cypriot or European citizens, who have been resident in Cyprus for a duration of 5 years prior to the filing of the citizenship application.
Investing in Cyprus Alternative Investment Funds (AIF’S) or financial assets of a Cypriot entity licensed by the Cyprus Securities and Exchange Commission (CYSEC), with activities in Cyprus.
The applicant should invest in units of at least €2.000.000 of AIF’s established, licensed and supervised in Cyprus by CYSEC. Investments should be made exclusively in Cyprus and should meet the criteria of this scheme and be approved by the Minister of Finance. Acquisition of financial assets in Cypriot Businesses or organisation of at least €2.000.000, such as bonds, bills and securities issued by companies that have demonstrated physical presence and substantial economic activity in Cyprus should be maintained for a period of 3 years.
Combination of the above investments
The applicant may make a combination of the above investments, provided that the total investment amounts to at least €2.000.000. Under this criteria, the investor may also invest in interest bearing Cypriot government bonds, provided the investment does not exceed €500,000.