Citizenship By Investment
Perfectly situated in the Eastern Mediterranean, Cyprus is a country with a rich heritage and a vibrant culture. With its boasting capital of Nicosia, many successful firms operate their business in this rapidly growing metropolis. Surrounded by water, Limassol, Paphos and Ayia Napa offer beach-front properties that attract millions of tourists yearly. Cyprus is rich with history, offering its residents and visitors a life filled with culture, arts, great cuisine and more. With neighboring countries such as Egypt, Syria, Lebanon and Greece, Cyprus is strategically located for investors looking to find a home in a safe and stable country in Europe.
Through investment in real estate, investors and their families may obtain Cypriot citizenship and Cyprus passport in 6 short months.
In 2013, an announcement by the Ministry of Interior of the Republic of Cyprus was issued, stating that immigration permits (Citizenship and Permanent Residence) will be issued to third country nationals if they fulfil certain criteria and terms.
The applicant must own a permanent residence in Cyprus with a minimum value of €500,000 (excluding VAT),
in addition to the one of the following investment schemes maintained over 5 years.
There is a one-time government contribution of €150,000.
1) Investment in real estate, land development and infrastructure projects:
The applicant must invest at least €2 million for the purchase or construction of
immovable property or development creation such as residential or commercial developments,
developments in the tourism sector or other infrastructure projects.
* In cases where the applicant invests at least €2 million in one or more residential properties
then the applicant is not required to further purchase another residence.
2) Investment in financial assets of cypriot companies or cypriot organizations:
The applicant must invest €2 million in order to purchase, create or participate in
businesses or companies based and operating in the Republic of Cyprus. These businesses or companies
must have a physical presence in Cyprus, substantial activity and a significant turnover, and must
also employ at least 5 Cypriot citizens or European Union citizens who during the five years
preceding the filing of the application were residing in the Republic of Cyprus.
3) Investment in Alternative Investment Funds or Financial Assets of
Cypriot Companies or Cypriot Organizations that are licensed by CYSEC :
The applicant must invest at least €200,000 million in Alternative Investment Funds established in Cyprus,
licensed and supervised by the Cyprus Securities and Exchange Commission and exclusively
making their investments in the Republic of Cyprus.
The applicant will need to contrinue the appropriate real estate investment.
4) Combination of the aforementioned investments:
The applicant may proceed with a combination of the above,
provided that the total investment will amount to a minimum of €2 or €2.5 million. Within this criterion,
the applicant may include the purchase of special government bonds of the Republic of Cyprus of up to €500,000.
*In case that the purchase value of the permanent privately owned residence in Cyprus exceeds the amount of €500,000,
part of this additional amount can be used for purposes of supplementing the total amount of
the investment made on the basis of the criteria of Part A above.