Cyprus citizenship by investment programme stopped accepting new applications from 1 November 2020. We will let you know if the Cypriot government launches a new citizenship program whereby foreign investors can get a European passport.
There are currently 2 investment programs for obtaining a European passport – Malta citizenship by investment and Montenegro citizenship by investment.
We also suggest that you have a look at Caribbean citizenship by investment programs – they are cheaper than their European counterparts while offering similar benefits: visa-free travel to a lot of countries, citizenship for a whole family, taxation benefits and much more. Caribbean countries for investment in second citizenship are St. Kitts & Nevis, Dominica, Antigua and Barbuda, Saint Lucia and Grenada.
To encourage foreign direct investments and attract high- and ultra-high-net-worth individuals to settle and do business in Cyprus, that could directly or indirectly contribute to the economic growth and development of the nation, the Cypriot government established their own Citizenship by Investment Program.
It is a high-income advanced economy offering foreign investors and businessmen a wide range of benefits in exchange for their contribution in local economy.
Apart from making a required investment the applicant must also comply with the following criteria:
After the 6-month residence requirement and other conditions are met, you are issued with a certificate of naturalisation. After you take the Oath of Faith, you are given a Cypriot passport and ID card.
One of the following investments shall be required as a minimum to qualify for citizenship under the Program. These investments can be made either personally, by a spouse or jointly with a spouse, or through a company where the investor is a shareholder or a high-ranking senior manager.
To obtain Cyprus passport by investment, the Government requires the main applicant to make an investment of at least €2,000,000 in the purchase or construction of buildings, land development or other infrastructure projects. Land developments can be commercial or residential, or developments in the tourism sector.
Applicants may qualify for Cyprus citizenship through purchase, setup or participation in a Cyprus-based company or organisation for a minimum amount of €2,000,000.
Requirements for a Cypriot company/ organisation:
Applicants may be able to obtain a Cypriot passport by investing at least €2,000,000 in alternative investment funds or financial asset of Cypriot companies/organisations.
Financial assets include bonds, bills and securities issued by a company or organisation physically present and active in Cyprus. Investment must be maintained for at least 5 years, which must be supported annually by auditor’s reports.
Applicants are allowed to make a combined investment of the above options provided the total amount comes to not less than €2,000,000.
This option also allows investors to buy special government bonds of the Republic of Cyprus for up to €500,000, to be held for at least 5 years.
Cyprus requires 6-month residence before applying for citizenship.
Step 1: Book an appointment with one of our specialists and sign client agreement.
Step 2: We will prepare and submit all forms and documents.
Step 3: Your visit to Cyprus.
Step 4: Due diligence checks and processing of application by the government.
Step 5: Approval of the application and making an investment.
Step 6: Obtaining passport.
We offer full support from choosing investment till you get your European passport. Contact us now to get professional advice.
Second passport by investment