Cyprus

Juxtaposed between the East and the West, Cyprus stands as a gateway to two contrasting worlds. Everything from the architecture to the culture here is influenced by the contemporary themes of the West and is touched by the traditional tones of the Mediterranean. A romantic Greek hideaway and a center for commerce, this Jewel of the Mediterranean is the ideal place for an investment.  

Program Overview

The Citizenship by Investment program in Cyprus has been set up to allow investors from foreign nations to invest their capital in the country of Cyprus in developmental activities and budding markets, in exchange for permanent residency. A highly profitable market, Cyprus is the perfect choice for seasoned and novice investors alike.

Program Benefits
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  • Open to non-EU nationals
  • Ability to travel Visa-free to 171 countries
  • Option to have the application for permanent residency fast-tracked to less than 2 months
  • Complete freedom to trade anywhere in the EU
  • Huge tax incentives and business-friendly tax reliefs
  • Right to own real estate, education, healthcare, and commerce across the EU
  • Low crime rate and excellent healthcare and education system
  • Application covers dependent children below age 28 and dependent parents and parents-in-law
  • Possibility of Cyprus joining the Schengen states (allowing investors more freedom to invest and trade)
Program Qualifications 

The Citizenship by Investment program of Cyprus has become easier and less time consuming due to the enforcement of the second revision of the Regulation 6(2) of the Aliens and Immigration Regulations. Applicants can obtain permanent residency relatively quickly.

Qualifications for permanent residency include applicants who are:

  • Persons above the age of 18
  • Persons who have held a residency status for at least 6 months
  • Persons with no background of violence and no criminal history
  • Persons of good physical and mental well-being
  • Persons having legally investable finances
  • Persons conducting morally and ethically right businesses
Investment Options

Since joining the EU and the Eurozone in 2004, the scale of commercial activity in Cyprus has increased year after year. Interested applicants have the option of investing in multiple areas and contributing to the development of the country.

In order to be eligible, applicants must satisfy all the following investment criteria: 

  • Real estate

The real estate industry in Cyprus is booming. With trade becoming easier across the EU, Cyprus stands at a highl lucrative spot on the world map. Today, foreign investors have greater scope to invest in both commercial and residential properties, subject to certain conditions:

– Minimum investment limit for eligibility of the Cyprus Citizenship by Investment Programme through property investment stands at €2 million as:
a) Applicants must mandatory invest €500,000 in a residential property which must be kept for life to be eligible for the Citizenship by Investment program
b) Applicants must mandatory make €1,500,000 Property Investment which must be hold for minimum of 3 years (land worth €2 million or more is included in ‘property’)

– Investors can invest in government bonds up to a maximum limit of €500,000
– Dependent parents or parents-in-law are eligible for permanent residency, provided they purchase real estate worth €500,000 or above, each

  • Investment in financial assets of Cypriot Companies or Cypriot organizations

– Minimum investment of €2.5 million
– Must employ at least 5 EU or Cypriot Nationals

  • Investment in Alternative Investment Funds licensed by the Cyprus Securities and Exchange Commission (CySec)

– Minimum investment of €2.5 million

Make Cyprus your second home 

Visa-Free Countries

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1,205,575
POPULATION
US$23,352
GDP nominal (per capita)
US$29.666 billion
GDP (purchasing power parity)

CAPITAL CITY
Nicosia
TIME ZONE
Eastern European Time Zone (UTC+02:00)
TOTAL AREA
9, 251 km2
LANGUAGES
Greek, Turkish, English
CURRENCY
Euro €
MAIN INDUSTRY
Tourism, Agriculture
SCHENGEN/ EU
EU Member State

KEY ADVANTAGES

  • Dual Citizenship allowed
  • Prospective member of Schengen
  • Favorable tax regime
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Disclaimer
The materials contained in this page are provided for general information purposes only and are not intended to provide legal or other professional advice. Processing times and costs will vary depending on a number of factors. CitizenMatch is not responsible for any changes to the time and cost estimates; we can provide specific information on an individual basis. All rights reserved.

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