• at least €75,000 to the Cyprus Land Development Corporation for the financing of Affordable Housing Schemes and
  
• at least €75,000 to the Research and Innovation Foundation for the promotion of an entrepreneurial innovation ecosystem. This can be waived if the applicant invests a minimum of €75,000 in a certified by the Ministry innovative or social enterprise, or €400,000 in a company established in Cyprus whose operations fall within the primary, secondary sectors (excluding construction), R&D, education, health or renewable energy.

The Investor can sell his Residential property/ies after 5 years from the day that the citizenship is granted, provided that he keeps for the rest of his life a residence that was purchased for at least €500,000 (non-inclusive of Vat). The investor has the option of selling the whole of his original residential investment, provided he/she replaces it with a residence of at least €500,000 (non-inclusive of Vat).

This option is the most popular among investors who apply under this programme, the reason being that the total amount of investment required is €500,000 less, compared with any other option.


OPTION B

Invest in Real Estate land development (commercial, tourism sector) or other infrastructure projects of at least €2 Million (non inclusive of vat). This investment must be kept for at least 5 years from the date of the Investor's naturalization, unless the Ministry of Finance consents to its replacement. In addition to this investment, the Investor must:

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

OPTION C

Invest at least €2 Million in the acquisition of or participation in companies which are based and operational in Cyprus. These companies should have tangible substantial activity in Cyprus, as well as employ at least five Cypriot or EU citizens.

This investment must be maintained for at least 5 years from the date of the Investor's naturalization, unless the Ministry of Finance consents to its replacement. In addition to this investment, the investor must:

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

OPTION D

Invest in Alternative Investment Funds ("AIFs") or Registered Alternative Investment 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 Cypriot companies or organizations issued after approval by CySEC. This investment must be kept for at least 5 years from the date of the Investor's naturalization, unless the Ministry of Finance consents to its replacement. In addition to this investment, the Investor must:

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

OPTION E

Invest in a combination of any of the aforementioned investments, with a total investment amount of at least €2 Million.

This investment must be maintained for at least 5 years from the date of the Investor's naturalization, unless the Ministry of Finance consents to its replacement. In addition to this investment, the Investor must:

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