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Cyprus Citizenship by Investment

The Naturalization of Investors by Exception Scheme of Cyprus offers a fast track route to Cyprus citizenship by investment and EU citizenship.

Legal Basis

The Naturalization of Investors by Exception Scheme of Cyprus offers one of the fastest routes to EU citizenship by investment and operates in accordance with the Civil Registry Laws 2002 – 2013 and associated amendments made on 15th March 2014, 13th September 2016 and 13th February 2019.

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Investment Criteria

Single applicant/family with eligible dependents

€2.15 million ex VAT

Single applicant/family with eligible dependents + parents of main applicant

€2.65 million ex VAT

Applicant must own a permanent residence in Cyprus worth

€500 000 ex. VAT.

Applicants can pursue several investment routes to obtaining Cyprus citizenship by investment which grants them a Cyprus passport. These include investing in financial assets in Cypriot companies, real estate and infrastructure projects, purchasing, creating or participating in Cypriot businesses, holding fixed deposits in Cypriot banks, investing in the Cyprus shipping industry, investments made in Registered Alternative Investment Funds (RAIF) or investing in a combination of the above instruments. (*If a residential property has previously been purchased under the CIP, the main investment threshold will increase from EUR 2 million to EUR 2.5 million. For newly built properties, the investment will remain at EUR 2 million).

Benefits of Cyprus Citizenship by Investment

  • 6 months to obtain a Cyprus passport and EU citizenship by investment.
  • No need to reside in the country to obtain citizenship.
  • The Cyprus passport offers visa-free or visa on arrival access to 159 countries including key business hubs such as the UK, Hong Kong and Singapore.
  • Spouse and dependent children under 28 years included within the same application for Cyprus citizenship by investment.
  • Parents of the main applicant can be added by investing in additional residential property worth just €500 000.
  • Cyprus citizenship by investment can be passed onto future generations.
  • High quality of life if you choose to reside in Cyprus as a predominantly English-speaking country with good international schools and a legal system that is based on English Common Law.
  • No tax on global income for Non-Residents.
  • Low Personal and Corporate Tax Rates for Non-Domiciled Residents + generous tax breaks for HNWIs.
  • Cyprus allows dual citizenship.
  • All nationalities can apply for Cyprus citizenship by investment but must hold a valid Schengen visa at the time of application.

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Frequently Asked Questions

Do I need to submit a separate citizenship by investment application for each family member?

No, this is not necessary. Spouses and dependent children under 28 years can be included within the same Cyprus citizenship by investment application, offering them all the benefits of EU citizenship and the right to obtain a Cyprus passport.

What is the difference between residency and a citizenship program?

Residency programs offer immediate residency based on a successful application. However, residency programs do not protect you or provide stable options for your family’s future. Your right to reside in a country could be revoked or rendered invalid at any time if the country’s laws change or if there is a change in your personal circumstances. For instance, residency permits in many GCC countries are tied to the job you hold and only valid for the period of your employment. Citizenship by investment programs guarantee a full-lifetime citizenship in Cyprus and your second passport is granted following a successful application. You can also pass on the EU citizenship so obtained to your descendants.

How can I be sure of my investment in Cypriot real-estate?

A PassPro consultant will travel with you to Cyrus, providing you with a full tour of all available real-estate options in your desired area. Based on your selection, our lawyers will provide detailed reports on the status of the chosen investment, enabling you to pick the right investment for your needs.

After I get my Cyprus passport, what resources will be available to me for next steps?

Acquiring a second passport is not a transaction, we believe it is a lifelong relationship. Our ‘My PassPro’ portal is your online portal for enjoying life as a citizen of a new country. Just sign in and receive access to a host of special services including visa updates for Cyprus, consular guidance, assistance opening bank accounts and more.

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