The Cyprus citizenship by investment program is one of the fastest Cyprus Citizenship programs and EU citizenship programs. Foreign investors can get Cyprus citizenship and EU citizenship in 6 months.
Therefore, they can obtain instant access to over 175 countries across the world, starting with free movement rights in the European Union, in only half a year.
Cyprus is not yet part of the Schengen Area, but it is legally obliged to join in the near future —and citizenship by investment in Cyprus is for life, which means that even more benefits are coming for investors applying to the Cyprus citizenship by investment program today.
The Cyprus citizenship by investment program was created in 2016 to satisfy the needs of high net worth individuals and families interested in acquiring Cyprus citizenship, while also contributing to the country’s economic growth.
With a minimum investment of €2,000,000 in real estate under the Cyprus Citizenship by investment program, foreign investors can obtain a Cyprus citizenship that lets them live in Cyprus or in any other country in the European Union. If they don’t want to exercise their residence rights, they can still travel through the European Union freely if they obtain a Cyprus passport by investment.
The Cyprus citizenship by investment program encompasses the investors and their immediate family members, such as wife or husband, children under 18 years old or children under 28 years old who are full-time students, and parents with their own residence (provided that it’s worth at least €500,000).
Cyprus is an island country with an area of 9,251 km2 and a total population of 1,207,359. It is one of the least populated countries in the European Union, but it is remarkably prosperous as it’s an important tourist spot in the Mediterranean Sea. Visitors are mostly attracted to its beaches, warm climate, and delicious Mediterranean cuisine. Apart from tourism, shipping, real estate, and financial services are relevant industries in the country’s economy. Cyprus is a presidential republic influenced by both Greek and Turkish cultures. This is why it has both Greek and Turkish as official languages. However, more than half of Cypriots can speak English, too. Given that it’s part of the European Union, Cyprus’ official currency is the Euro. Its capital city is Nicosia.
According to the Guide Passport Ranking Index, Cyprus passport ranks in 16th place due to the number of countries that Cyprus passport holders have instant travel to.
The Cyprus passport offers:
The property must be worth at least €2,000,000. Real estates under the Cyprus Citizenship by investment program are mainly residential properties because the applicant is supposed to live there. Although in practice he or she doesn’t have to, the government of Cyprus will consider this property to be his or her main residence in Cyprus, even if the investor decides to rent it. Real estate under the Cyprus Citizenship by investment program can benefit from an investment reduction after 5 years. Only then, the minimum investment can be €500,000, but this property will not be resalable during the applicant’s lifetime.
Apart from this investment in real estate, high net worth individuals under the Cyprus citizenship by investment program must make a donation of €75,000 to the Research and Development Fund and €75,000 to the Land Development Organization.
€2,000 per applicant over 18 years old and €80 per applicant under 18 years old
Second Passport can help you obtain your Cyprus citizenship by guiding you and accompanying you through the whole process.
Our licensed agents can prepare the documentation and send it to the corresponding authority once they make sure it fulfills all the requirements for your application to be successful.
Once you receive your certificate of naturalization, Second Passport will start the application for you to obtain your Cyprus passport.