Cyprus is considered one of the most popular vacation destinations in the region, attracting international travellers due to its convenient location and unique climate. There are many attractions from historical monuments, churches and castles to touristic beaches, bars and amusement parks.
Non-Cypriot Citizens can enjoy the benefits of being citizens of the European Union by applying for the acquisition of Cypriot Citizenship by meeting the certain criteria and fulfilment of the terms and conditions outlined by the programme.
With a plethora of investment options on offer, from the smaller residential properties to luxury villas and also prime commercial property, Cyprus is genuinely one of the best locations to invest in. To qualify for the program you can either invest in residential real estate or a combination of real estate and/or other investment instruments.
After 5 years both options allow reduction of investment to €500,000 indefinitely held residential property.
Investment in real estate starts from €2,000,000 with the option of purchasing one or several properties to make up the required real estate investment value. Investing in Cyprus has never been so attractive, not only bringing you a high quality property investment, but also a much coveted European passport.
Either option involves a non-refundable government donation of €200,000. Half of the donation- €100,000 - goes to the Cyprus Land Development Corporation and €100,000 goes to one of the following four government-controlled funds:
The applicant should make an investment of at least €2 million for the purchase of properties, or for the purchase or construction of buildings, or for the construction of other land development or infrastructure projects.
If the investor buys property which was previously used for the purpose of the Cyprus Investment plan, the total amount must be at least €2.5 million.
If the applicant decides to purchase residential properties, he/she must have invested at least €2 million in one or more properties, provided that the value of one of the properties is at least €500,000 (excluding VAT), which must be kept as the permanent residence of the investor in Cyprus.
The applicant must make an investment of at least EUR 2 million in the purchase of, creation of, or participation in businesses or companies that are based and operating in the republic. These businesses or companies should have a demonstrable and tangible presence in Cyprus and employ at least nine Cypriot citizens
Investments in the shipping sector are considered to be eligible.
The applicant should purchase units amounting to at least EUR 2 million from alternative investment funds. This criterion also covers the purchase of financial assets of Cypriot businesses or organizations for at least EUR 2 million, in the form of bonds, securities, and debt securities
The applicant may proceed with a combination of the above investments, provided that the total investment will amount up to at least €2 million.
The applicant may proceed with a combination of the above investments, provided that the total investment will amount up to at least €2 million.
For more information on the Cyprus Investment Programme, read through the following information as provided by the Ministry of Interior.
To find out more about the Cyprus Investment Programme or to receive a property proposal based on your investment preferences, contact us.
With a simple scroll through our site, when you find a property you are interested in, make a note of the code number and contact us. Our professional team of experts can guide you in finding the best suitable property for your needs, following a process which is effective and transparent.
The Cypriot Citizenship by Investment program currently offers the quickest route to citizenship within the EU from application submission in only 180 days.
Yes, it can, If the property was purchased not later than three years before applying for the EU Citizenship.
Cyprus citizenship grants applicants and their families the freedom to live, work or study in any of the 28 European member states with unrestricted visa-free access to over 150 countries worldwide.
The Cypriot Citizenship gives you the right of free movement, freedom to work and study, and security within the social and legal system of the EU and other European Economic Area (Switzerland, Norway, Iceland, Liechtenstein, etc.).
There is no obstacle in renting out any of the properties.
Yes, provided that you have purchased a different lifetime residential property of equal or higher purchase value. Other conditions may apply here as well.
Any individual between the age of 18-28 is considered as financially dependent. Studying to obtain a diploma or an undergraduate or a master’s degree. The programme excludes children who are studying for the acquisition of a professional qualification such as chartered accountants or barrister. Additionally, a child with severe physical or mental disability unable to work, is considered financially dependent regardless of the age.
Yes, Cyprus is a member of the European Union. It is the only direct EU citizenship program offering such a simple and efficient way of obtaining dual citizenship without any residency requirements.
Yes, a non-refundable government donation of €150,000. Half of the donation- €75,000 - goes to the Research and Innovation Foundation of Cyprus and €75,000 to the Cyprus Land Development Corporation
Yes, you can invest in both resale and new properties, however, if the applicant has invested in housing units that have already being used for the purpose of acquiring the Cypriot citizenship via the program, the above provision will be in force provided that the total amount of the invest
Investors may significantly reduce their property investment amount to €500,000 after 5 years from the citizenship being granted.
APPLICANT | APPLICATION SUBMISSION FEE | CERTIFICATE ISSUANCE FEE | TOTAL |
---|---|---|---|
INVESTOR | €2.000 | €5.000 | €7.000 |
INVESTOR’S SPOUSE | €2.000 | €5.000 | €7.000 |
INVESTOR’S ADULT CHILD | €2.000 | €5.000 | €7.000 |
INVESTOR’S MINOR CHILD | €80 | - | €80 |