CYPRUS
CITIZENSHIP & RESIDENCY BY INVESTMENT PROGRAM

TIME TO RESIDENCY / CITIZENSHIP

3-4 / 6-8 Months

MEMBER OF THE COMMONWEALTH OF NATIONS

Yes

FAMILY

Applicant, Spouse, Children and Parents

RESIDENCY REQUIREMENTS

None

ABOUT CYPRUS

Situated at the north-eastern end of the Mediterranean basin, Cyprus is the third largest island in the region, with an area of 9,251 Km2. The Republic of Cyprus is a democracy with a presidential system of government. On some issues, notably defense and international politics it may act in cooperation or in consultation with Greece. The Turkish Cypriot regime is a parliamentary democracy with a marked political, military, and economic dependence on Turkey. Cyprus is a full member of the European Union and has an open, free-market, service-based economy with some light manufacturing. Internationally, Cyprus promotes its geographical location as a “bridge” between East and West, along with its educated English-speaking population, moderate local costs, good airline connections, and telecommunications.

THE CYPRIOT CITIZENSHIP & RESIDENCY BY INVESTMENT PROGRAM

Cyprus offers two programs through real estate investment. One for permanent residency and one for citizenship. The two investment schemes are relatively fast and efficient at granting a residency permit or second citizenship.

To be eligible for citizenship, applicant must fulfill the following criteria:

  • Acquire a property for a minimum value of €2 Million (ex. VAT). If parents are included, an additional investment of minimum €500,000 (ex. VAT) is required.
  • Hold the property for at least 5 years and must keep a private residence valued at least €500,000 (ex. VAT) even after the 5-year period.
  • Should make a donation to the “Research Promotion Foundation” for the amount of €75,000 and to the “Cyprus Land Development Corporation” for the amount of €75,000.
  • Hold a valid Schengen visa (if required to enter any country within the Schengen zone).
  • Hold a clean police record.
  • Has no rejection from any other member-state of the EU.
  • Pay legal and administration fees.

To be eligible for residence permit, applicant must fulfill the following criteria:

  • Acquire a property for a minimum value of €150,000 (ex. VAT) or €300,000 (ex. VAT).
  • Hold the property for at least 5 years.
  • Deposit €30,000 in a Cypriot bank, blocked for 3 years.
  • Hold a valid Schengen visa (if required to enter any country within the Schengen zone).
  • Hold a clean police record.
  • Pay legal and administration fees.

GEOGRAPHICAL NATURE

Island

OFFICIAL LANGUAGE

Greek and Turkish

GDP

USD 24.5 Billion

CURRENCY

Euro

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