Cyprus
Citizenship by Investment
About
Minimum Investment
€2,150,000
Mixed Investment
Minimum Investment
N/A
Real Estate
Time To Citizenship
6
Months
Visa-Free Access*
170+
Countries & Territories
About the program
The Cypriot Citizenship by Investment program started accepting applications in 2002 and underwent subsequent amendments to streamline its procedures. Its simplified and expedited process has made it highly attractive to investors, positioning it as one of the most appealing citizenship programs currently available.
To be eligible for enrollment in this program, individuals need to be at least 18 years old, in good health, and have a clear criminal record. Additionally, applicants must hold a valid Schengen visa.
Moreover, you must engage in a collective investment involving both a real estate project and a non-refundable contribution to government initiatives.
Benefits
✔️ Visa-free travel
Accessing over 170 countries and territories worldwide, including the European Union, the United Kingdom, and Canada, is possible without the need for a visa or through visa-on-arrival arrangements.
✔️ Consular support
Obtaining citizenship in Cyprus provides you with dual citizenship, including membership in the European Union. This status guarantees your eligibility for consular protection and assistance from any European Union consulate worldwide.
✔️ Health & Education
Furthermore, you possess the unrestricted privilege to reside, work, pursue education, and grow your business within the European Union. Additionally, you gain access to top-tier healthcare services.
✔️ Tax relief
Cyprus offers one of the most advantageous tax environments in Europe, characterized by low taxation rates. Importantly, there are no taxes levied on foreign income, inheritance, or interest earned through withholding.
✔️ Minimal residency required
You are not required to live in Cyprus to obtain citizenship.
✔️ Dual Citizenship permitted
Cyprus allows dual citizenship, permitting you to keep your existing nationality.
Program requirements
✔️ Main applicant requirements
- 18+ years of age
- Good health
- No criminal record
- Successfully pass due diligence checks
- Receive approval by the Government
- Confirmed investment sources
✔️ Eligible dependents
- Spouse of the main applicant
- Adult children (biological or adopted) under 28 years of age
- Dependant parents
Program process
The expected timeframe for the application process is six months. The initial stage of document collection may vary in duration depending on the applicant’s efficiency in gathering the required documents. Our team assists in this process by providing samples and offering guidance on best practices.
The duration of the review stage depends on the Government’s schedule, influenced by factors beyond our control as authorized agents. Savory and Partners actively engages with the Government throughout the entire process, aiming to provide applicants with the quickest and most seamless experience possible.
Legal basis
The Cyprus Citizenship Program, operating under the “Scheme for Naturalisation of Investors in Cyprus by Exception” as outlined in Section 111A (2) of the Civil Registry Laws of 2002-2013, has become one of the fastest in Europe. This is in accordance with a Council of Ministers decision dated March 19, 2014. Since May 24, 2013, as per subsection (2) of section 111A of the Civil Registry Laws of 2002-2013, the Cyprus Council of Ministers holds the authority to confer citizenship by naturalization to foreign entrepreneurs. This highlights the implementation of favorable immigration policies, making the acquisition of Cyprus Citizenship through Investment more accessible. Recent regulations have streamlined the entire process, reducing both time and formalities.
Moreover, the legislation permits the granting of Cypriot citizenship to the spouse and financially dependent adult children of the investor. Neither the spouse nor the children need to meet any additional financial criteria.
Frequently Asked Questions
Q: Is it possible to include my family in my application for the Cyprus Citizenship by Investment Program?
Certainly, you have the option to include eligible family members in your application or add them later after acquiring citizenship for an extra fee. Qualified family members may include a child below 18 years, a child up to 28 years currently enrolled in an educational institution, a spouse, parents, and in-laws, all of whom must be financially dependent on the primary applicant.
Q: Are interviews, language tests, or work experience prerequisites applicable in the application process for the Cyprus Citizenship by Investment Program?
The Cypriot Government does not mandate the successful completion of interviews, language tests, or the possession of prior work experience as prerequisites for applying to this program.
Q: Do I need to visit Cyprus before obtaining my citizenship?
Yes, you are required to visit Cyprus on two occasions, once to submit your biometric data and once more to complete the Oath of Allegiance Ceremony.
Q: Does Cyprus provide a biometric (ePassport) passport?
Yes, the passport of Cyprus is a biometric passport, also known as an ePassport.
Q: How many pages does the Cyprus passport have?
The biometric passport of Cyprus has 32 pages with each page containing watermarks depicting national images.