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Cyprus

Introducing Cyprus

Cyprus is located in the Mediterranean Sea, a short distance from Lebanon, Greece, Turkey and Egypt. The island enjoys an idyllic Mediterranean lifestyle, beautiful beaches, 340 days of sunshine a year and welcoming people in a relaxed environment.

Cyprus offers a high standard of living, modern transport and infrastructure, excellent academic institutions (several accredited European Universities), access to quality medical services, a stable government and a robust legal framework which is based on British law and fully harmonized with EU directives.

Cyprus Citizenship Benefits

  • Visa-free travel to 173 countries
  • Low tax rates
  • Free EU trade
  • Own property in EU states
  • Low crime rates
  • Excellent education system
  • No language test
  • Fast-track approval
  • No physical residency requirement
  • Retain current nationality
  • Capital city: Nicosia
  • Visa free countries: 173
  • Total area: 9,251 km²
  • Nearest country: Turkey
  • Languages: Greek, English
  • Currency: Euro €
  • Population: 1.2 million (2016)
  • Time zone: Eastern European (UTC+02:00)

Route to Cyprus citizenship

Applicants must fulfill ONE of the following options:

Property

Purchase a property in Cyprus for a minimum value of €500,000, to be held in perpetuity.

(In the case that the applicant proceeds with the real estate investment option, this property can be included in the €2,000,000 investment).

Investment

Provide a minimum investment of €2,000,000 into one of the following four options:

  • Investment in real estate, developments and infrastructure projects.
  • Investment into alternative investment funds or financial assets of the country.
  • Purchase, establishment or participation in the country’s businesses and companies.
  • A combination of any of the above.
Fees

€7,500 in citizenship fees.

VAT and other taxes depending on selection.

Considerations

If qualifying via a €2,000,000 private residence purchase, after three years it is permitted to liquidate and replace the private residence with a €500,000 property.

Cyprus Citizenship Application Process

Month 1
  • Initial due diligence
  • Sign client agreement and set up bank account
  • Complete government forms
  • Select investment
  • Due diligence on selected investment
  • Sign contracts
  • Submit Residency Application
  • Submit Citizenship Application
Months 2-4

Ministry of Finance process application, followed by Ministry of Interior.

Month 4

Application approved in principal.

Month 6

Attend Cyprus for ‘Oath of Faith to the Republic’. Collect passport and ID card.

Months 6-9

All additional dependants to submit applications and receive citizenship.