Cyprus Citizenship By Investment

One of the main objectives of the economic policy of the Republic of Cyprus is to further encourage Foreign Direct Investment and to attract high net worth individuals to settle and do business in Cyprus. Key factors that make Cyprus an attractive destination for investment, is the highly specialized human capital, the reliable legislative and regulatory framework, the stable tax system and the safety and stability conditions prevailing in the country.

For more benefits on acquiring Cypriot Citizenship click here.

On the basis of the Scheme, a non-Cypriot citizen, who meets one of the following economic criteria (A), either personally or through a company/ companies in which he/ she participates as a shareholder – in proportion to his holding percentage, or through investments done by his/her spouse or jointly with the spouse or even as a high-ranking senior manager of a company/ companies that meets one of the economic criteria (A), may apply for the acquisition of the Cypriot citizenship through naturalization by exception.

Α. CRITERIA

Α.1 Investment in real estate, land development and infrastructure projects.
Α.2 Investment in financial assets of Cypriot companies or Cypriot organizations.
Α.3 Investment in Alternative Investment Funds or financial assets of Cypriot companies or Cypriot organizations that are licensed by CySec.
Α.4 Combination of the aforementioned investments.

For more information on the Criteria for the Citizenship Scheme press here.

B. TERMS AND CONDITIONS

1. Clean Criminal Record
2. Residence in the Republic of Cyprus
3. Residence in the Republic of Cyprus

For more information on the Terms & Conditions for the Citizenship Scheme press here.

C. INVESTOR’S FAMILY MEMBERS

The Decision of the Council of Ministers dated 13.9.2016 provides for the grant of the Cypriot citizenship to the spouse or partner of the investor, to the parents of the investor and to the financially dependent adult children of the investor as well. The minor children of the investor have also the right to acquire the citizenship according to the provisions of section 110 (3) of the Civil Registry Law.

For more information on the Investor’s Family Members press here.

Criteria packages

Investment CriteriaA. Real estate, Land development and infrastructure projectsB. Cypriot Companies or BusinessesC.  Alternative Investment Funds or financial assets of Cypriot companies or Cypriot organizationsD. Combination of the aforementioned investments
Purchase or construction of buildings or for the construction of other land development projects (residential or commercial developments, developments in the tourism sector) or other infrastructure projects. Investment in land under development is included in this criterion,Purchase or participation in companies or organizations established and operating in Cyprus. The invested funds shall be channeled towards the financing of the investment objectives of these companies exclusively in Cyprus, based on a specific investment plan.Purchase of  units of an AIF established in Cyprus, licensed  by CySec and whose investments are made exclusively in the Republic of Cyprus, in investments that meet the criteria of this Scheme or in areas approved by the Minister of Finance.combination of the A,B,C. Within this criterion (combination of investments) the applicant may purchase special government bonds of Cyprus, up to €500.000
Investment Amount  € 2 m (if the applicant has invested in housing unit/units on the basis of this criterion, the purchase of another permanent residence in Cyprus will not be required, if at least one of these housing units is worth at least €500,000, plus VAT)€ 2 m

+

€ 500,000 (+ VAT) Permanent Residence
€ 2 m

+

€ 500,000 (+ VAT) Permanent Residence
€ 2 m

+

€ 500,000 (+ VAT) Permanent Residence
Application Fees + Passport Fees€ 7,500€ 7,500€7,500€7,500
SpouseNo further investment requirement.

€ 7,500 application and passport fees
No further investment requirement.

€7,500 application and passport fees
No further investment requirement.

€ 7,500 application and passport fees
No further investment requirement.

€ 7,500 application and passport fees
Children under 28 and economic dependants

/
Minors
No further investment requirement.

€ 7,500 application and passport fees


€80
No further investment requirement.

€ 7,500 application and passport fees


€80
No further investment requirement.

€7,500 application and passport fees


€80
No further investment requirement.

€ 7,500 application and passport fees

€80
Children over 28€ 500,000 (+ VAT) Permanent Residence

+ Application Fees (same with applicant)
€ 500,000 (+ VAT) Permanent Residence

+ Application Fees (same with applicant)
€ 500,000 (+ VAT) Permanent Residence

+ Application Fees (same with applicant)
€ 500,000 (+ VAT) Permanent Residence

+ Application Fees (same with applicant)
Parents€ 500,000 (+ VAT) Permanent Residence

+ Application Fees (same with applicant)
€ 500,000 (+ VAT) Permanent Residence

+ Application Fees (same with applicant)
€ 500,000 (+ VAT) Permanent Residence

+ Application Fees (same with applicant)
€ 500,000 (+ VAT) Permanent Residence

+ Application Fees (same with applicant)
Investment Exit Plan3 years

Permanent residence must be held for lifetime. The p.r. of € 500,000 (+ VAT) ,may be sold but another residence of at least the same value must be purchased.
3 years

Permanent residence must be held for lifetime. The p.r. of € 500,000 (+ VAT) ,may be sold but another residence of at least the same value must be purchased.
3 years

Permanent residence must be held for lifetime. The p.r. of € 500,000 (+ VAT) ,may be sold but another residence of at least the same value must be purchased.
3 years

Permanent residence must be held for lifetime. The p.r. of € 500,000 (+ VAT) ,may be sold but another residence of at least the same value must be purchased.

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