Overview of Cyprus Residency & Citizenship by Investment

Cyprus Investment Programme: Your Bridge to Europe and Beyond

Cyprus, an important hub at the crossroads of Europe, Africa, and Asia, offers an unparalleled Residency and Citizenship by Investment Programme. Despite the suspension of new applications as of November 1st, 2020, the program remains a highly sought-after route for investors looking to secure a European foothold.

Why Choose Cyprus?

• Quick Citizenship Approval: Citizenship applications are approved within approximately six months.

• Dual Applications: Simultaneous submission of residency and citizenship applications.

• No Language Barriers: No language requirements to meet.

• Inclusive of Parents: Parents can qualify for citizenship if they own property valued at €500,000 + VAT.

• Eligibility for Civil Unions: Civil unions can submit applications.

• Retain Current Nationality: No need to give up existing citizenship.

• Tax and Trade Benefits: Enjoy low tax rates and free trade within the EU.

• European Rights: Unrestricted right to live, work, and study in Europe, and the right to own property in any EU member state.

• Strategic Location: Ideal geographical location for access to the EU, Middle East, and North Africa.

• Safety and Stability: One of the safest countries in the world with a population under 5 million.

• Quality of Life: Excellent education and healthcare systems, and a renowned holiday destination.

How to Obtain Residency and Citizenship in Cyprus?

Step-by-Step Guide to Cyprus’ Residency & Citizenship by Investment Programme

The Cyprus Investment Programme is designed for non-EU nationals seeking to gain residency and citizenship in Cyprus, and subsequently, the European Union. Here’s a detailed guide to navigate the process:

Step 1: Choose Your Investment

Select one of the following investment options and maintain it for at least five years:

• Real Estate, Land Development, and Infrastructure Projects: Invest at least €2 million in the purchase or construction of buildings, or other land development projects including residential, commercial, and tourism sectors.

• Cypriot Companies or Businesses: Invest at least €2 million in Cypriot companies, requiring proof of physical presence and employment of at least five Cypriot or EU citizens.

• Alternative Investment Funds or Financial Assets: Invest at least €2 million in units of Alternative Investment Funds (AIFs) or Registered AIFs.

• Combination Investment: Combine the above investment options to meet the minimum €2 million investment requirement.

Step 2: Prepare Required Documents

• Valid passport

• No criminal record certificate

• Valid Schengen Visa

• No rejection from any other EU member-state

• Residency permit in Cyprus for at least six months before citizenship is granted

• Proof of investment and source of funds

Step 3: Make Mandatory Donations

Donate €200,000 split as follows:

• €100,000 to the Cyprus Land Development Corporation

• €100,000 to the Research and Innovation Foundation or equivalent bodies

Step 4: Submit Your Application

Work with an authorized agent to submit your application. Ensure all documents are authenticated and translated into Greek.

Step 5: Obtain Residency

Receive your residency permit, which you must hold for six months before applying for citizenship.

Step 6: Apply for Citizenship

Submit your citizenship application, and once approved, enjoy the full benefits of Cypriot and EU citizenship within approximately six months.

Investment Options for Cyprus’ Residency & Citizenship Program

Investment Opportunities in Cyprus’ Residency & Citizenship by Investment Programme

Cyprus provides diverse investment avenues for those looking to secure residency and citizenship. Here’s an overview of the available options:

• Real Estate, Land Development, and Infrastructure Projects: Invest at least €2 million in real estate, including residential, commercial, and tourism-related developments. This option helps boost Cyprus’ infrastructure and property market.

• Cypriot Companies or Businesses: Invest at least €2 million in Cypriot companies, ensuring the business employs at least five Cypriot or EU citizens. This supports local businesses and the economy.

• Alternative Investment Funds (AIFs): Invest at least €2 million in units of AIFs or Registered AIFs. These funds invest in Cypriot companies, driving economic growth and stability.

• Combination Investment: Combine investments from the above options to meet the minimum requirement of €2 million. This flexible approach allows for a diversified investment portfolio.

• Mandatory Donations: In addition to the above investments, a donation of €200,000 is required, split between the Cyprus Land Development Corporation and a research or innovation foundation.

  Investing in Cyprus not only paves the way to European residency and citizenship but also contributes to the island’s growing economy and infrastructure.