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Citizenship by Investment

The Cyprus Citizenship by Investment Program was originally offered in accordance with the Civil Registry Laws 2002-2013. On 15 May 2019, the Council of Ministers revised the existing program and implemented new rules that enable foreign nationals to gain citizenship providing they met the outlines criteria.

The changes requires an addition government contributions of EUR 75,000 each and an approval time frame of six to eight months.

 

Investment Option

  1. Fulfill both the below contributions:
  • Donation of EUR 75,000 to the Research and Innovation Fund or another certified innovation enterprise
  • Donation of EUR 75,000 to the Cyprus Land Development Corporation

 

2. Select one of the following options:

  • Investment in real estate, developments, and infrastructure projects
    The applicant should make an investment of at least EUR 2 million for the purchase or construction of real estate.
  • Purchase and establishment of or participation in Cypriot businesses and companies
    The applicant must make an investment of at least EUR 2 million in the purchase of, creation of, or participation in businesses or companies that are based and operating in the republic. These businesses or companies should have a demonstrable and tangible presence in Cyprus and employ at least five Cypriot citizens.
  • Investment in alternative investment funds or financial assets of Cypriot enterprises or Cypriot organizations licensed by the Securities and Exchange Commission
    The applicant should purchase units amounting to at least EUR 2 million from alternative investment funds. This criterion also covers the purchase of financial assets of Cypriot businesses or organizations for at least EUR 2 million, in the form of bonds, securities, and debt securities.
  • Combination of the above investments
    The applicant may invest in a combination of the above, provided that the total investment amounts to at least EUR 2 million.

The applicant may invest in a combination of the above, provided that the total investment amounts to at least EUR 2 million.

3. The purchase and lifetime possession of a property worth a minimum of EUR 500,000 plus VAT, in Cyprus, that will be   declared as the applicant’s residence.

In the case that the applicant proceeds with the real estate option, this property can be included in the EUR 2 million investment.

 

 

PLEASE NOTE:- AS OF MAY 15th 2019 THE CYPRUS CITIZENSHIP PROGRAM WILL BE INTRODUCING SOME CHANGES. Changes to the Cyprus Programme