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Nationality (Passport) through investment in Cyprus |
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03-07-2013

The Cyprus government has recently announced its decision to allow all foreign investors who purchase real estate in Cyprus to obtain a Cyprus passport, and consequently a European passport. It will allow them total freedom to move, settle and work anywhere in Europe, just like any other European citizen. The applicant must have direct investments in Cyprus of at least €5 million in properties: houses, offices, shops, hotels etc or a development of a similar nature (excluding underdeveloped land). The application must be done through a Cyprus lawyer who is familiar with the process and the passport is granted in approximately 3 months from application. |
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