Cyprus Investment Program

As of 1st November 2020, the Cyprus Investment scheme has been cancelled.
In the meantime, to relocate to Cyprus, investors may consider the Cyprus Residency Program.

The Cyprus Investment Program offers the most simple and efficient means of obtaining Cyprus citizenship by investment, which provides full EU rights, including the ability to live and work in any EU country. The program requires an investment of €2M in residential real estate, an investment which must be retained for a period of five years and €150.000 contribution. All nationalities are eligible to apply, the application examination period is just six months.

Global Citizenship

Invest in your future

Dual citizenship offers an effective tool for international tax planning and provides financial privacy for banking and investment. It improves personal security, enables freedom of movement and allows access to the best healthcare and education opportunities.

Due to political circumstances, citizens of many countries find it difficult to travel abroad and are confronted with strict visa restrictions each time they want to enter a foreign country. A second passport enables greatly enhanced mobility.

In an unsettled, ever-changing world, acquiring a second citizenship is a wise decision and an investment for the future. Your citizenship of choice is for life, your spouse and children can be included, and there is no need to give up your present nationality while you enjoy the benefits of a legal second passport.

Most importantly perhaps, citizenship and a passport, particularly from a small, peaceful country, can even save your life when travelling and in times of political unrest, civil war, terrorism or other delicate situations. For good reasons, many international business people from major countries and important persons who are active worldwide consider an alternative passport as the best life insurance money can buy.

Cyprus Citizenship By Investment

Citizenship for your family

In March 2014, Cyprus changed the legislation that enables foreign investors to become a Cypriot citizen and obtain a Cypriot passport through naturalisation, making it more accessible and affordable than ever. An EU citizen is any person who holds the nationality of an EU country.

Passport holders of an EU country are entitled to enter, reside, study and work in the European Union, Iceland, Liechtenstein, Switzerland and Norway. Non-Cypriot Investors can acquire Cyprus Citizenship by naturalization by exception on the basis of the Civil registry Laws 2002-2013

Key motivators

Freedom

The freedom to live, work, travel, anywhere in the EU
EU citizens also enjoy rights in Switzerland, Iceland, Lichtenstein and Norway which participate in the European Economic Area (EEA)

Key motivators

Business

Free trade within EU, business access to 500 million EU citizens
Establishment and free movement of services and goods

Key motivators

Mobility

Unrestricted right to live, work, travel and study anywhere in the European Union
Visa-free travel to 173 countries

Key motivators

Education & Health

European citizens have the right to attend schools/ universities within any EU country for free or with reduced tuition rates, as applicable.
European citizens can access the established first-class EU health care systems

Key motivators

Security

European citizens have the right to protection by the diplomatic or consular authorities of any EU country in a third country (country outside the EU) where your home EU country is not represented by a consulate
Cyprus offers a great place to visit/live, it enjoys a strategic geographical position, offers excellent
worldwide connections, has excellent infrastructure, a pleasant climate and is highly stable

6 step process

Review and select real estate investment

Select property/ies (through visit to Cyprus or via correspondence).
Sign purchase agreement and transfer funds to a secure account.
Receipt issued by Pafilia, which is required for application.

Preparation of citizenship application – the client will receive a detailed application package and document checklist.

Applicant must gather all necessary papers required for application. The documents must be officially translated into Greek or English and certified with apostille (if in a country which has signed the Hague Convention of 1961) or stamped by the Ministry of Foreign Affairs and relevant Cyprus Embassy.

Pre-clearance check

The appointed lawyer completes a pre-clearance check.

Submit applications (PR & Citizenship) - Issuance of Permanent Residency Card

The applicant/s must visit Cyprus in order to submit the PR and citizenship applications and to give their biometric data required for the issuance of the permanent residency card. The Permanent Residency card issued in 5 days.

The payment of the government submission fee of €2.000 per adult applicant for the purpose of the citizenship application, is required at this stage. The citizenship application is lodged, together with the property purchase agreement and all required documents, at the Ministry of Interior. Also, PR application fee €500 per family & €70 per person required.

Completion of naturalization and issuance of Cypriot passport and ID cards

The Ministry of Interior will approve the citizenship application within a period of six months from submission. Payment of the government approval fee €5,000 per adult applicant is required at this stage. Once the applicant has held a Cyprus PR card for a period of six months, he is able to complete the naturalization process.

The Naturalization Certificate must be signed by the applicant either in front of a Registrar of a Cypriot Court or a Consular at any Cypriot Consulate abroad within 3 months of receiving approval. In Cyprus the process, including collection of biometric ID cards, takes 1 day, while through a Cyprus embassy abroad the process takes up to 2 weeks.

Naturalisation of children and grandparents

Submit the applications of children/parents to be naturalised. Applications of minor children are processed within 3 weeks; they can visit Cyprus anytime to collect their papers.

Adult children/parents applications are processed within six months and are subject to a submission fee of €2,000 and approval fee of €5,000per person. Once approved passports and ID cards must be collected within three months.

Cyprus Citizenship By Investment

Interested? Make an enquiry.

For more information or to request that a member of our sales team contact you, please fill out the form.

T: +357 26 848 800
E: [email protected]