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. Ownership of property in Cyprus
3. Permanent Residence Permit
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. (use the table )
