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Cyprus: Citizenship by Investment

A passport from Cyprus is highly valued.  We rank it as the 37th most powerful passport in the world allowing its owners to travel to 147 countries visa free.  Of course along with the passport comes membership to the European Union and the ability to travel and live freely in its 28 countries.

The Cyprus Citizenship by Investment Programme has one of the highest investment requirements at €2 million, however the huge advantage over other programmes is that there are no donations or contributions required.  Your €2 million can be invested to provide you with income as well as capital gains.  The following are eligible investments:

  • One or more properties or plots of land
  • Investments in Cypriot companies or organisations operating in Cyprus or
  • Funds established in Cyprus
  • Government bonds (no more than € 500,000); or
  • Establishment, purchase, or investment in a company operating in Cyprus and having at least 5 Cyprus citizens on the staff.

Further information:

  • A permanent residence permit will take approx 1 to 4 weeks.
  • Citizenship is granted after residency of 6 months.
  • The investor can include his/her spouse and children in on the application as long as the children are under the age of 28 and not married or financially independent.
  • Buying an additional residential property worth a minimum of 500,000 euros gives the investor the right to acquire citizenship for his/her parents.


Investment

  • If you invest more than €2 million in the purchase or construction of residential or commercial developments or other infrastructure projects, you can apply for Cypriot citizenship.
  • If you invest more than €2 million in companies or organizations established and operating in the Republic of Cyprus,  you can apply for Cypriot citizenship.
  • If you invest more than €2 million in financial assets of Cypriot companies or organizations such as bonds, bills and securities, you can apply for Cypriot citizenship.  The companies need to have a proven physical presence and substantial economic activity in the Republic of Cyprus.

Citizenship by Investment Key Points

Programme Name:Citizenship by Investment Minimum investment:EUR 2,000,000
Time to permanent residency: Immediate Time to citizenship: Immediate
Typical processing time:3 months Minimum stay:No requirement
Visa Free Countries:147 Passport Ranking:37th
Cost of Living Rank:47th Corruption Rank:48th

Cyprus Overview

This major tourist destination in the Mediterranean is not just perfect for a relaxing holiday. Expats looking to live close to the best beaches in Europe and aspire a sunlit lifestyle don’t have to search anymore: Cyprus is the place. 

Cyprus is one island and an independent nation, but there are still two ‘countries’ to choose from when you want to call the island your new home. In spite of the fact that there is a dispute over the exact governance of Cyprus, it is a stable European Union democracy with an extremely low crime rate and is one of the safest places in the world. The island is child friendly and has great education options. It only rains 40 days out of the year and it’s sunny on more than 300 days. The Cypriot economy is growing and unemployment numbers are dropping. Tourism is very important to the island; nearly 3 million people visit the island every year. 

Locals speak a mix of Turkish and Greek but almost everybody speaks English too, which is convenient for expats from all over the world. Perhaps this is why there is a large expat community on the island and plenty of opportunities to meet new people. Taxes in Cyprus are low, finding a house is easy and rent is cheap compared to most places in Europe. 

Explore on wherecani.live

The passport for Cyprus allows you to travel to 147 countries without a visa.

Its global rank is 37.