EU Passport Information  

Cyprus Citizenship to
Investors and Family Members
Cyprus as an investment destination:
An island between EUROPE, MIDDLE EAST and AFRICA

Cyprus Investment Programme

Get a Cypriot passport within 6 months with the Cyprus Investment Programme - enjoy visa-free travel to 171 countries with CIP.

Cyprus grants a permanent passport to investors, high-net-worth individuals and their families seeking to become Cypriot citizens. The Cyprus Investment Programme grants various benefits, including visa-free travel to 171 countries and the possibility to live, study and work in a country which has been ranked as the 5th best relocation destination in the world by the international 2013 Knight Frank Global Lifestyle Review.

Top 10 best programmes in the world

The Cyprus Investment Programme itself was ranked among the top ten best programmes in the world among global immigration specialists. Cyprus and its investment programme rank so highly because they offer a favourable tax regime to residents, particularly to high net worth individuals. Moreover, Cyprus offers a style of living like no other, with at least 320 days of sunshine a year, Cyprus is an idyllic Mediterranean destination which brings together the serene atmosphere of island life and the high standard of living.

Since September 2016, investors can benefit from an amended Cyprus Investment Programme which not only provides Cypriot passport in a short processing time, but in the long run proves itself to be a cost-effective option.

The Cyprus Investment Programme can be obtained within just 6 months. Affluent individuals with a clean criminal conduct are given the opportunity to become Cypriot citizens and thus to hold a secondary Cypriot passport by contributing to the country’s economic and social development. Successful applicants and their families will be granted a certificate of naturalization which grants them the possibility of visa-free travel.

Cypriot passport within 6 months

One of the main advantages of choosing Cyprus Investment Programme is the possibility of attaining a passport within 6 months, with approval being granted within just 2-3 months.

No minimum physical residency prior to getting a Cypriot passport

Applicants to the Cyprus Investment Programme are not obliged to physically reside in Cyprus before, during or after the application process, but are only required to visit Cyprus once to apply for a Permanent Residency Permit. Getting a Cypriot passport does not require the applicant to submit themselves and their family to any invasive processes. The process is highly straightforward and does not require the applicant to disclose the source of wealth or funds or submit to any medical testing, and it does not impose any language requirements.

Visa-free travel to 171 countries via CIP

Currently, a Cypriot passport paves the road to increased mobility by granting visa-free travel to more than 171 countries.

Benefits for your family and descendants under CIP

Cypriot passport is valid for life, and it is also extended to one’s relatives and transferable onto one’s descendants. In the application, the main applicant who must be at least 18 years of age may include his/her spouse, children under the age of 18, as well as major children (ages 18-27) who are dependent on the main applicant and the parents of the main applicant. Neither the spouse nor the children are obliged to meet any additional financial criteria. On the other hand, when the parents of the main applicant are included in the application, an additional investment in residential real estate of at least €500,000 must be made.

Residency Permit - Immediate Visa Free Access to a number of Schengen Countries

The main applicant, spouse, adult children and parents of the main applicant need to visit Cyprus once to file the application for a permanent residency. Within just 5 days of filing, approval for a Permanent Residency Permit is granted.

Ideal for Entrepreneurs

Cyprus’ strategic location at the crossroads between Europe, the Middle East and Africa has promoted the island as an ideal investment gateway. New citizens will be able to benefit from Cyprus’ tax-efficient regime. The newly introduced ‘non-domicile’ regime provides for zero taxation of worldwide dividends and interest income for a period of 17 years.

Investment options

One of the following investments shall be required as a minimum to qualify for citizenship under the Program. These investments can be made either personally, by a spouse or jointly with a spouse, or through a company where the investor is a shareholder or a high-ranking senior manager.

Investment in real estate, land development and infrastructure projects

To obtain Cyprus passport by investment, the Government requires the main applicant to make an investment of at least €2,000,000 in the purchase or construction of buildings, land development or other infrastructure projects. Land developments can be commercial or residential, or developments in the tourism sector.

Investment in a Cypriot company or business — purchase, establishment or participation

Applicants may qualify for Cyprus citizenship through purchase, setup or participation in a Cyprus-based company or organisation for a minimum amount of €2,000,000.

Requirements for a Cypriot company/ organisation:

  • Physical presence, substantial activity and operation in Cyprus.
  • Must employ at least 5 Cypriot or EU nationals.
  • Employees need to have legally and continuously resided in Cyprus for 5 years preceding the application.
  • Investment objectives of the company/ organisation must be only in Cyprus and based on a specific investment plan.

Investment in financial assets and alternative investment funds

Applicants may be able to obtain a Cypriot passport by investing at least €2,000,000 in alternative investment funds or financial asset of Cypriot companies/organisations.

Financial assets include bonds, bills and securities issued by a company or organisation physically present and active in Cyprus. Investment must be maintained for at least 5 years, which must be supported annually by auditor’s reports.

Combination of investments

Applicants are allowed to make a combined investment of the above options provided the total amount comes to not less than €2,000,000.

This option also allows investors to buy special government bonds of the Republic of Cyprus for up to €500,000, to be held for at least 5 years.

Additional donations

Apart from one of the investment options above, investors are required to make two additional non-refundable donations under the Cyprus CBI program. Both donations are mandatory and include:

  • Donation to the Cyprus Research and Innovation Foundation – not less than €100,000
  • Donation to the Cyprus Land Development Corporation – €100,000