Cyprus citizenship by investment
Affluent foreign nationals and their families can obtain Cyprus citizenship by investment through the Cyprus Investment Programme by contributing into the country’s development and growth.
This Programme was established as part of the country’s economic policy aimed at attracting foreign investments and businesses. The government offers certain incentives, flexibility and benefits. At the same time, it is implementing strict control procedures to prevent abuse.
One of the following investments shall be required as a minimum to qualify for Cyprus citizenship under the Programme.
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.
Investment in real estate, land development and infrastructure projects
To qualify for naturalisation in Cyprus, the Government requires the main applicant to make an investment of at least €2,000,000 in the acquisition or construction of buildings, land development or other infrastructure projects. Land developments can be commercial or residential, or developments in the tourism sector.
If the land is under development, the application must include an investment plan for the development of the purchased land.
Land in a building zone of zero development is excluded under the Programme.
Investment in a Cypriot company or business – purchase, establishment or participation
Applicants may qualify for Cyprus citizenship through purchase or setup of, or participation in a Cyprus-based company or organisation for a minimum amount of €2,000,000.
Requirements for a Cypriot company/ organisation:
- Physical presence, substantial activity and operation in Cyprus.
- Must employ at least 5 Cypriot or EU nationals.
- Employees need to have legally and continuously resided in Cyprus for 5 years preceding the application.
- Investment objectives of the company/ organisation must be only in Cyprus and based on a specific investment plan.
Investment in alternative investment funds and financial assets
Applicants may be able to obtain a Cyprus passport by buying units from alternative investment funds or financial asset of Cypriot companies/organisations for at least €2,000,000.
AIF funds must be established in Cyprus, licensed and supervised by the CyCes. Investment shall be made exclusively in Cyprus and maintained for at least 3 years, which must be supported annually by auditor’s reports.
Financial assets include CySec-approved bonds, bills and securities. A company/ organisation must be physically present and active in Cyprus, invest only in Cyprus according to specific plans.
Combination of investments
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 3 years. The bonds will be issued by the Public Debt Management Office of the Ministry of Finance.
What you need to do
REQUIREMENTS AND PROCEDURE
Whichever investment option you choose to qualify for a Cyprus passport under the Cyprus Investment Programme you and your family members must meet the following criteria and requirements. Find out more >
Fees and charges
Naturalisation application fee €2,000 is payable on application.
Immigration permit fee €500 is payable on application.
Certificate of naturalisation fee €5,000 is payable on approval.
All applications and documents must be submitted to the Ministry of Interior. And it is at their discretion to grant, delay or deny Cyprus citizenship.
We have a team working in London and in Cyprus, we can guarantee that all your documents are duly prepared, all forms are filled in correctly and submitted in due time so that the whole process of application and granting of Cyprus citizenship runs without delays and unnecessary hassle.
When preparing your application, we make sure that every required document is obtained, translated, notarised and legalised. We know all the pitfalls and potential problems we might have when working on your case, and this helps to minimise costs and time spent.
We handle all the documents and paperwork with confidentiality and care, so our clients can rely on and trust us with their personal matters.