Overview Overview

CYPRUS CITIZENSHIP PROGRAM

Overview

Cyprus has a rich and diverse culture, mild Mediterranean climate, and a safe and stable setting ideal for raising families.

Benefits

  1. Approval of citizenship application within approximately six months.
  2. Simultaneous submission of residency and citizenship applications.
  3. No language requirement.
  4. Parents qualify for citizenship if they own a house valued at €500,000 + VAT, or own a share of €500,000 in a residential property owned by the main applicant.
  5. Civil unions eligible to submit applications.
  6. Dual nationalities accepted (no obligation to relinquish current nationality).
  7. Low tax rates and free trade within the European Union (EU).
  8. Unrestricted right to live, work, and study in the EU.
  9. Right to own property in an EU member state.
  10. Strategic geographic location forming a bridge between the EU, the Middle East, and North Africa, with direct access to the Mediterranean Sea.
  11. Safe country, with a population under 5 million.
  12. Excellent education system, and first-rate health care.
  13. Outstanding holiday destination.
Qualifications Qualifications

Qualifications

  1.  Be 18 years of age or older.
  2. Possess a valid passport and reside legally in a country.
  3. Have a Net Worth of €3,000,000, and be able to document the source and path of funds.
  4. Purchase a permanent, personal residence in Cyprus for min. €500,000 (plus VAT).
  5. Hold min. €2,000,000 of units in an Alternative Investment Fund (AIF), or purchase Cyprus real estate for €2,000,000 for 5 years.
  6. Pass a security background check.
  7. Must not have been previously refused citizenship by any EU country.
  8. Must have had a Schengen visa within the past 5 years, or still be holding a valid Schengen visa.
  9. No strict management experience, language, or education requirement.
  10. Dependents include the spouse, minor children, and financially-dependent adult children (students) up to age 28.
  11. Assets must not be frozen due to sanctions.
Investment Options Investment Options

Investment Options

Option 1

€875,000 - Financed Investment in AIF Units


    The total cost of €875,000 includes all fees!

    • The applicant must purchase a €500,000 personal, lifetime residence in Cyprus.
    • Confederation will arrange non-recourse financing for the €2,000,000 in AIF units.
    • The price includes €200,000 in mandatory Government donations, VAT, and all legal and professional fees.
    • The personal residence rental income will be assigned to the lender for approx. 10 years.
    • The loan will be repaid from the redemption of the units and rental income, at no additional cost and no recourse to the applicant. 
    • Of the €875,000 price, €500,000 is a real estate asset in the applicant’s name, so the net cost is just €375,000.


    Option 2

    €2,655,000 – Investment in Cyprus Real Estate


      The total cost of €2,655,000 includes all fees! 

      • Applicant must invest €2,000,000 in Cyprus real estate.
      • If the investment is made in new construction, the personal residence is included in the €2,000,000 real estate investment.
      • The price includes €200,000 in mandatory Government donations, VAT, and all legal and professional fees.
      • The applicant will receive rental income from the real estate properties.
      • Other than the lifetime personal residence, the real estate may be sold in 5 years.
      Process Process

      Process

      Prepare application       

      Complete AIF financing (if applicable)

      Select and purchase property(ies)

      Submit application to government

      2 months

      Government processing

      Residency card

      1 month

      Cyprus EU passport

      6 months
      Visa Free Travel Visa Free Travel

      Visa Free Travel

      Note: Visas for Canada and the United States may be easily obtained upon application.