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 Cyprus Investment Programme in Brief:

Non- Cyprus citizens who meet certain criteria and fulfil the terms and conditions outlined by the Government of Cyprus may apply for the acquisition of Cypriot citizenship through the Cyprus Investment Programme and enjoy the benefits of being citizens of the European Union. Investors can apply for Cypriot citizenship by submitting a stand-alone application, upon making an investment of at least €2 million which must be retained for a period of five years and a €200,000 contribution.
 

INVESTMENT OPTIONS
 

Investment in real estate, land development and infrastructure projects
 

The applicant must have made an investment of at least €2 million for the purchase of properties, or for the purchase or construction of buildings, or for the construction of other land development or infrastructure projects.
 

If the applicant decides to purchase residential properties, he/she must have invested at least €2 million in one or more properties, provided that the value of one of the properties is at least €500,000 (excluding VAT), which must be kept as the permanent residence of the investor in Cyprus.
 

Purchase or establishment or participation in Cypriot companies (shipping  or other businesses with set criteria)
 

Investment in Alternative Investment Funds or Registered Alternative Investment Funds or financial assets of Cypriot companies or Cypriot organisations that are licensed by CySec
 

Investment of €2 million from any of the above in investments that meet the criteria of this Programme or in areas approved by the Minister of Finance.

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Financial & other criteria of the Investment programme:
 

  • Investment in real estate, land development and infrastructure projects of at least €2 million.

  • Investment in financial assets of Cypriot Companies or organizations of at least €2 million.

  • Investment in alternative investment funds or financial assets of Cypriot Companies / organizations that are licensed by the Cyprus Securities and Exchange Commission of at least €2 million.

 

Other terms and conditions:

  • Prior to the naturalization, investors must hold a residence permit in Cyprus for at least 6 months.

  • In addition to the above investments, an investor must also own a permanent privately-owned residence in Cyprus of at least €500.000 (+VAT).

  • The applicant must have donated at least €150.000 to the Research and Innovation Foundation.

  • The applicant must have donated at least €150.000 to the Cyprus Land Development Corporation for the financing of housing schemes for affordable housing, but also for the materialization of other housing schemes/measures.

  • The applicant must have a clean criminal record.

  • The applicant must hold a valid Schengen visa.  Third-country nationals that do not require an entry visa for travelling in European Union member-states, as well as citizens of European Union Member States are excluded from this obligation.
     

  • Politically exposed persons should not have held public office for one years at the time of applying for citizenship, provided that they did not occupy significant political positions (heads of states or governments, ministers or their deputies, ambassadors, mayors of cities, etc.);
     

  •  Citizenship cannot be claimed by applicants convicted of a serious criminal offense punishable by imprisonment of five (5) years or more, or another offense of a similar severity.
     

  • Applicants who are under criminal investigation with a possible sentence of 5 years or more cannot apply for Cypriot citizenship either. 

     

Family members of the investor:

  • Spouse / partner: The investor’s spouse or partner may acquire the Cypriot citizenship. Their application may be filed simultaneously.

  • Minor Children: Dependent children up to the age of 18 years may apply, after the investor acquires the Cypriot citizenship and provided that their parent consents to the grant of the citizenship.

  • Adult financially dependent children: the right to apply for citizenship is also granted to the financially dependent adult children of the investor belonging to one of the following two categories: (i) students up to the age of 28 (ii) children with severe physical / mental disability that prohibits employment.

  • Parents: The investor’s parents may also apply for citizenship after the investor has acquired his/her citizenship, provided that they are owners of a private residence of at least €500.000 (+ VAT). The investor and his/her parents may collectively acquire one residential property of a total value of at least €1 million (+ VAT).

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Permanent Resident Permission:
 

Another Investment Scheme in Cyprus gives to all third country nationals who meet the criteria and terms set out in the scheme to be eligible for acquiring an Immigration Permit for permanent residency.
 

A non-Cypriot who meets the following Criteria may apply for the acquisition of an Immigration Permit:
 

  • Deposit minimum Capital of €30.000 into a bank account in Cyprus, which will be pledged for a period of at least 3 years.

  • Provided evidence of a secure annual income of at least €30.000 (plus €5.000 for every dependent person – spouse and children – and plus €8.000 for every dependent parent or parent-in-law).

  • Purchase residential real estate of total market value of at least €300.000 (+VAT). Payment receipts submitted with the application should amount at least €200.000 (+VAT).

 

Other terms and conditions:
 

  • The Immigration Permit does not allow the undertaking of any form of employment in Cyprus.

  • Holders of an Immigration Permit must visit Cyprus once every two years.
     

Family members:
 

Spouse and financially dependent children:
 

Immigration Permits are also issued for the investor’s spouse and all financially dependent children (up to 18 years old – or between 18–25, provided that they are unmarried students).
 

Parents/Parents -in -law: 
They may also be granted an Immigration Permit with the submission of an application and payment of the relevant fee.

 

Non–financially dependent children:
An Immigration Permit may also be granted to non–financially dependent children of the applicant over the age of 18, provided that the market value of the acquired real estate attributed to each child is at least €300.000 (+VAT).

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