This very pricey citizen-by-investment program was scaled-down to levy more realistic demands on investors while offering the fastest route to citizenship in Europe.
After a divisive conflict the Greek and Turkish controlled portions of this Mediterranean island will finally be formally reunited soon. This former British colony of 1, 1-million has evolved into one of Europe’s premier vacation spots with beaches and attractions that convey the spirit of a liberal economic environment since joining the EU in 2004. Cyprus is on the cusp of becoming part of the Schengen Area, another step towards full European integration.
The Country
- Population: 1,2 millions
- Language: Greek & Turkish
- Visa-Free Travel: 172 countries with
Cyprus citizenship - Currency: Euro (EUR)
The Program
Personal Net Worth
500,000 EUR
INVESTMENT AMOUNT
5,000,000 EUR
Benefits
Being part of the EU allows Cyprus to offer you and your family quick, easy access to citizenship that gives you the right to work, live and purchase property in all 28 member EU countries. Citizenship can be obtained within three or four months and there is no minimum residency requirement.
You gain obtain visa-free travel to 158 countries as well as access to education and health care systems that extend to other EU countries. New measures have revitalized the economy and have largely improved the quality of life for Cyprus citizens. Favorable taxation laws and government incentives have been added to lure investors.
Investment
- Donation of EUR 75,000 to the Research and Innovation Fund or another certified innovation enterprise OR
- Donation of EUR 75,000 to the Cyprus Land Development Corporation
AND
- Real estate, developments, and infrastructure projects: The applicant must commit at least EUR 2 million to the purchase or construction of real estate OR
- Purchase or establishment of or participation in Cypriot businesses and companies: The applicant must commit at least EUR 2 million to the purchase or creation of or participation in businesses or companies which employ at least five Cypriot or EU citizens OR
- Participation in alternative investment funds or the purchase of financial assets of Cypriot enterprises or organizations licensed by the Securities and Exchange Commission: The applicant must purchase units amounting to at least EUR 2 million from alternative investment funds.
You also can combine the above options and provide that the total amounts to be at least EUR 2 million.
Financial Requirements
The Cyprus Investment Programme requires applicants to make a significant economic contribution to the country. In exchange, and subject to a stringent vetting and due diligence process, including thorough background checks, the applicants and their families are granted citizenship.
Commitment
Typically, the full process for obtaining approval of an application in Cyprus takes six to eight months. There are no language tests or previous business experience required. You are allowed to keep your citizenship from your country of residence. And there is no requirement to make a donation to a government agency as in the case of Malta. The only physical visit to Cyprus is required when you swear the Oath of Citizenship.
Benefits
Being part of the EU allows Cyprus to offer you and your family quick, easy access to citizenship that gives you the right to work, live and purchase property in all 28 member EU countries. Citizenship can be obtained within three or four months and there is no minimum residency requirement.
You gain obtain visa-free travel to 158 countries as well as access to education and health care systems that extend to other EU countries. New measures have revitalized the economy and have largely improved the quality of life for Cyprus citizens. Favorable taxation laws and government incentives have been added to lure investors.
Investment
- Donation of EUR 75,000 to the Research and Innovation Fund or another certified innovation enterprise OR
- Donation of EUR 75,000 to the Cyprus Land Development Corporation
AND
- Real estate, developments, and infrastructure projects: The applicant must commit at least EUR 2 million to the purchase or construction of real estate OR
- Purchase or establishment of or participation in Cypriot businesses and companies: The applicant must commit at least EUR 2 million to the purchase or creation of or participation in businesses or companies which employ at least five Cypriot or EU citizens OR
- Participation in alternative investment funds or the purchase of financial assets of Cypriot enterprises or organizations licensed by the Securities and Exchange Commission: The applicant must purchase units amounting to at least EUR 2 million from alternative investment funds.
You also can combine the above options and provide that the total amounts to be at least EUR 2 million.
Financial Requirements
The Cyprus Investment Programme requires applicants to make a significant economic contribution to the country. In exchange, and subject to a stringent vetting and due diligence process, including thorough background checks, the applicants and their families are granted citizenship.
Commitment
Typically, the full process for obtaining approval of an application in Cyprus takes six to eight months. There are no language tests or previous business experience required. You are allowed to keep your citizenship from your country of residence. And there is no requirement to make a donation to a government agency as in the case of Malta. The only physical visit to Cyprus is required when you swear the Oath of Citizenship.
