CYPRUS CITIZENSHIP BY INVESTMENT

Thissecond passport programme, which has attracted over 3 billion eurosof direct investments into the economy of the Republic of Cyprusisthe only fast track citizenship programme in Europe (approximately 6monthsfrom the date of application).

Itallows dual citizenship and does not require that the investor livesin Cyprus.

Itapplies to the immediate family of the applicant (spouse or civilpartner, minor children and adult financially dependent children upto the age of 28 who are students in higher education institutions).

Oncethe investor is granted the citizenship, the Investor's parents canalso apply for the Cypriot citizenship.

ACyprus passport gives the holder the status of EU citizenship whichmeans visa free travel and work anywhere in the EU.



Investment Options

TheInvestor has one of the following options

OPTIONA

Toinvest in Residential Property/ies of atleast€2 Million (non-inclusive of Vat)andin additiondonate:
  • atleast €75,000 to the Cyprus Land Development Corporation for thefinancing of Affordable Housing Schemes and
  • atleast €75,000 to the Research and Innovation Foundation for thepromotion of an entrepreneurial innovation ecosystem. This can bewaived if the applicant invests a minimum of €75,000 in acertifiedbythe Ministry innovative or social enterprise, or€400,000 in a company established in Cyprus whose operations fallwithin the primary, secondary sectors (excluding construction),R&D, education, health orrenewable energy.


TheInvestor can sell his Residential property/ies after 5 years from theday that the citizenship is granted, provided that he keeps for therest of his life a residence that was purchased for at least €500,000(non-inclusive ofVat). The investor has the option of selling thewhole of his original residential investment, providedhe/shereplaces it with a residence of at least€500,000 (non-inclusiveof Vat).

Thisoption is the most popular among investors who apply under thisprogramme, the reason being that the total amount of investmentrequired is€500,000 less,compared with any other option.


OPTIONB

Investin Real Estate land development(commercial,tourism sector) or other infrastructure projectsofatleast €2 Million (non inclusive of vat). This investmentmustbekeptforat least 5 years from the date of theInvestor's naturalization,unless the Ministry of Finance consents to its replacement. Inaddition to this investment, the Investor must:

  • donateat least€150,000as described in option A above and
  • acquirea residence of at least€500,000(non inclusive of Vat) which he must keep for the rest of his life



OPTIONC

Investat least €2 Million in the acquisition of or participation incompanies which are based and operational in Cyprus. These companiesshould have tangible substantial activity in Cyprus, as well asemploy at least fiveCypriot or EU citizens.

Thisinvestmentmustbe maintainedfor at least 5 years from the date of the Investor'snaturalization, unless the Ministry of Finance consents to itsreplacement. In addition to this investment, the investor must:

  • donateat least€150,000as described in option A above and
  • acquirea residence of at least€500,000(excluding Vat) which he must maintain for the rest of his life



OPTIOND

InvestinAlternative Investment Funds ("AIFs") or Registered AlternativeInvestment Funds ("RAIFs"), which invest exclusively in Cyprus.AIFS or RAIFs are permitted to invest in stocks in the CSE up to€200,000.This criterion also includes financial assets of Cypriotcompanies or organizations issued after approval by CySEC. Thisinvestmentmustbekeptforat least 5 years from the date of the Investor's naturalization,unless theMinistry of Finance consents to its replacement. Inaddition to this investment, the Investor must:

  • donateat least€150,000as described in option A above and
  • acquirea residence of at least€500,000(excluding Vat) which he must maintain for the rest of his life



OPTIONE

Investin a combination of any of the aforementioned investments, with atotal investment amount of at least €2 Million.

Thisinvestmentmustbemaintainedfor at least 5 years from the date of the Investor'snaturalization, unless the Ministry of Finance consents to itsreplacement. In addition to this investment, the Investor must:

  • donateat least€150,000as described in option A above and
  • acquirea residence of at least€500,000(excluding Vat) which he must maintain for the rest of his life