Cyprus Citizenship by Investment

Cyprus is an island country located between Middle East and Europe which is also known as the Jewel of the Mediterranean and is famous for its scenery, history & sun-kissed beaches. Nicosia is the capital of Cyprus. The Cyprus Citizenship by Investment program is officially known as Cyprus Investment Programme and was established in 2016 through which senior managers, investors, entrepreneurs, businessmen, high-net-worth individuals and their families can get the Citizenship of Cyprus by making a compulsory donation to the government and investment. The holder of Cyprus passport can enjoy visa free or visa on arrival travel to over 169 countries including United Kingdom, Canada, European Union member countries and Schengen Zone member countries.

Processing Time: 6 to 8 months

Benefits of Citizenship of Cyprus

The benefits of Cyprus Citizenship are mentioned below:

Travel freedom with visa free or visa on arrival travel to over 169 countries
Citizenship can be passed on to future generations
Right to live, study and work in Cyprus without any restriction
Can hold dual citizenship without any restriction
Strategically positioned between 3 continents
No residency requirement before and after getting the citizenship
No tax on inheritance, dividends and gifts
Good return on investment
No interview requirement
No English language requirement

Basic Requirements for acquiring a Citizenship of Cyprus

Requirements which an applicant needs to fulfill in order to get a Citizenship of Cyprus are mentioned below:

An applicant

should be at least 18 years of age
should be of good character and have no criminal record
applicant and his/her dependents must be holders of a valid Schengen Visa
should undergo the due diligence checks and get a positive outcome
must have a high personal net worth
must be able to verify the sources of investment
must hold a Cypriot residence permit for at least six months before getting the citizenship
must not have any frozen assets within the EU
must be able to invest EUR 2 million
should have good health

Cyprus Investment Programme

The option by which an individual can acquire a Citizenship of Cyprus and that is by making a compulsory donation of at least EUR 75,000 to the Research and Innovation Foundation and a compulsory donation of at least EUR 75,000 to the Cyprus Land Development Corporation and by selecting any of the investment options (should be held for 5 years) mentioned below:

Investment of at least EUR 2 million in real estate, land development and infrastructure projects.
Investment of at least EUR 2 million for the purchase or participation in Cypriot companies or businesses.
Investment of at least EUR 2 million in Alternative Investment Funds (AIF) or Registered Alternative Investment Funds (RAIF) or financial assets of Cypriot companies or Cypriot organizations that are licensed by Cyprus Securities and Exchange Commission.
Any combination of the above mentioned investments provided that the total investment will be equal to EUR 2 million which can also include investment in government bonds for up to EUR 500,000.

In addition to above mentioned donation and investment requirements an applicant should purchase a private residence of at least EUR 500,000 + VAT and it should be held for life.

Government Fees Requirements of Cyprus Citizenship

Mentioned below is the table highlighting the government fees required for Cyprus Citizenship through Cyprus Investment Programme.

Government Fees Requirement
	Single Applicant	Main Applicant + Spouse	Main Applicant + Spouse + Dependent Children
Application Submission	EUR 2,000	Main applicant - EUR 2,000 Spouse - EUR 2,000	Main applicant - EUR 2,000 Spouse - EUR 2,000 Children under 18 years - EUR 80 each Adult Children - EUR 2,000 each
Citizenship Certificate Issuance	EUR 5,000	Main applicant - EUR 5,000 Spouse - EUR 5,000	Main applicant - EUR 5,000 Spouse - EUR 5,000 Adult Children - EUR 5,000 each
Passport	EUR 120	Main applicant - EUR 120 Spouse - EUR 120	Main applicant - EUR 120 Spouse - EUR 120 Children under 18 years - EUR 120 each Adult Children - EUR 120 each
Identity Card	EUR 80	Main applicant - EUR 80 Spouse - EUR 80	Main applicant - EUR 80 Spouse - EUR 80 Children under 18 years - EUR 80 each Adult Children - EUR 80 each
Immigration Permit	EUR 500	Main applicant - EUR 500 Spouse - EUR 500	Main applicant - EUR 500 Spouse - EUR 500 Adult Children - EUR 500 each
Immigration Permit - Residence Card	EUR 70	Main applicant - EUR 70 Spouse - EUR 70	Main applicant - EUR 70 Spouse - EUR 70 Children under 18 years - EUR 70 each Adult Children - EUR 70 each