Wealthy investors seeking citizenship of the European Union can apply for Cypriot citizenship under the Scheme for Naturalization of non-Cypriot Investors by Exception. Cyprus is a well-connected and centrally-located country in the European Union. It offers one of the most flexible investment immigration programs offering permanent residence or citizenship depending on the preferences of the investor.
Benefits of obtaining citizenship of Cyprus
- The investor and his/her family become citizens of Cyprus and the European Union for the rest of their lives.
- The Cypriot passport facilitates visa-free travel throughout the European Union and more than 140 nations including most developed countries all over the world.
- The investors can seek long-term residence in other member countries of the European Union without onerous residence requirements.
- Access to a relaxed and comfortable lifestyle with quality healthcare and educational facilities.
- Option to retain citizenship and passport of another country along with Cypriot citizenship.
Investment Requirements for the Scheme for Naturalization of non-Cypriot Investors by Exception
| Investment in real estate, land development and infrastructure projects | €2 million |
| Purchase, creation, or participation in Cypriot businesses or companies | €2 million |
| Investment in Alternative Investment Funds or financial assets of licensed Cypriot companies or organizations | €2 million |
| Combination of the three investment options (including special government bonds for €500 million for 3 years) | €2 million |
| Purchase of private residence in Cyprus | €500,000 excl. VAT |
| Parents of Investor | |
| Purchase of private residence in Cyprus | €500,000 excl. VAT |
Fees
| Applicant | Application Submission Fee | Certificate Issuance Fee | Total |
| Investor | €2,000 | €5,000 | €7,000 |
| Spouse | €2,000 | €5,000 | €7,000 |
| Adult Child | €2,000 | €5,000 | €7,000 |
| Minor Child | €80 | – | €80 |
| Parents of investor | €2,000 | €5,000 | €7,000 |
Processing Time
The investor immigrant will be granted citizenship approximately three months from the date of issue of receipt for payment of the Application Submission Fee
Documents Required
- Duly completed application form indicating choice of investment option.
- Birth Certificate of applicant, spouse, and children.
- Copy of passport
- Marriage Certificate
- Consent of non Cypriot parent of the child of the applicant.
- Copies of advertisements in a daily newspaper published on two consecutive days
- Two passport size photographs
- Curriculum Vitae
- Proof of clean criminal record
- Proof of private residence in Cyprus
- Proof of Investment as per the preferred investment option
Inclusion of Family Members
- Spouse
- Children aged less than 18 years.
- Children aged 18 years or above up to 28 years provided they are financially dependent on the applicant
- Parents of investor
Application Procedure
Investor immigrants seeking citizenship in Cyprus are permitted to apply for the same within three years of making the investment. The investor is not required to comply with onerous residence requirements. The applicant is merely required to retain the investments in Cyprus for a period of three years after grant of citizenship by naturalization. For more information about the application procedure for Naturalization of non-Cypriot Investors by Exception, please click here.
Interested Investors: Kindly complete the following form and we will contact you to discuss your global residency and citizenship investment options.
Further reading