Cyprus citizenship programme: for a limited period only
Terms of obtaining your EU Passport
No other country of the European Union offers citizenship as freely and without difficulty on such simple and clear terms.
- Cyprus passport within 6 months only!
- No requirement to reside in Cyprus
- No donations required
- Investment to be kept just for 3 years
- No exams in history or Greek language
- Minimum investment – €2m
- Wide range of investments – residential or commercial properties, investment funds, shares of companies, government bonds.
Minimum investment is €2mln for three years. No any additional financial donations.
Note that the law requires the mandatory acquisition of personal immovable property by each investor worth at least €500,000 ex. VAT (except where investment is made in residential property/properties worth €2 million ex. VAT.
Most popular investment options
Residential Properties |
Commercial Properties |
Government Bonds |
|
|---|---|---|---|
| Minimum Investment: | €2 mln (ex. VAT) | €2 mln (ex. VAT) | max €500,000 in Bonds;€1,5 mln other assets |
| Additional Conditions: | — | Purchase of private property of minimum €500,000 (ex. VAT) | Purchase of private property of minimum €500,000 (ex. VAT) |
| Total amount: | €2 mln (ex. VAT) | €2,5 mln (ex. VAT) | €2,5 mln (ex. VAT) |
| CYPRUS | MALTA | LATVIA | UK | SPAIN | ST KITS & NEVIS | |
|---|---|---|---|---|---|---|
| Result: | EU Passport | EU Passport | EU Residence for 5 years; passport after 6 years plus exams in the Latvian language and history | EU Residence for 5 years (3 years then 2 years); passport after 6 years plus exam in English | EU Residency for 5 years | Passport St Kitts&Nevis |
| Time to obtain passport | 6 months | 12 – 14 months | 6 years | 6 years | 10 years | 4-6 months |
| Currency | EUR | EUR | EUR | GBP | EUR | USD |
| Amount of investment | 2.000.000 | 500.000 (or 150.000 plus rent of a property for minimum 16.000 for 5 years) | 250.000 | 2.000.000 | 500.000 | 400.000 |
| Donation | – | 650.000 (plus 50.000 for every adult family member and 25.000 for under 18) | – | – | – | Optional |
| Duration for investment to be kept | 3 years | 5 years | 5 years | 5 years | 5 years | 5 years |
| Assets | Bonds or securities of Cyprus companies, or Real estate, or Business | Bonds and Real Estate | Real Estate | Bonds or securities of the UK companies (75%) and Real Estate or Deposit (25%) | Bonds or Real estate or Business | Donation or Real Estate |
| Physical residence | No | 6-12 months | No | Not to be absent for more than 450 days within first 5 years and not more than 90 days within the 6th year | Yes | No |
| Dual citizenship | Yes | Yes | No | Yes | No | Yes |
| Visa free travel, residence and work in EU | Unlimited | Unlimited | Free travel in Schengen countries and residedence in Latvia, no working permission | Residence in the UK, no working permission | Free travel in Schengen countries and residence in Spain, no working permission | Free travel in Schengen countries and the UK limited to 180 days a year; no working permission |
New industries
- Offshore gas deposits have recently been discovered. The value amounts to 300%-3000% of GDP. Gas extraction will start from 2019
- Construction of the first casino resort is set to increase the number of tourists by 0.5 to 1mln a year
Wealthy and healthy country
- Cyprus is a member of European Union and Eurozone
- By GDP per capita Cyprus is at the level of rich European countries – ranked 31st in the World
- Average lifetime – 81 years by women, 78 years by men. Cyprus has modern and effective Healthcare system
Low Taxes
- One of the lowest corporate taxes in Europe (12,5%)
- Non-domiciled Cyprus tax residents (i.e. those individuals who have not been tax residents for the last 17 years out of 20) are not subject to tax on dividends generated worldwide and in Cyprus
- No Inheritance tax
Comfortable Life
- One of the lowest crime rates in the European Union
- More than 90% of the population of Cyprus speak English
- Cyprus ranks 5th best destination country for relocation in the world
- Advanced Legal system based on English law
Qualitative English education
- A good selection of private English schools providing primary and secondary education in all the major cities of Cyprus
- The best English education in the Mediterranean and one of the best in EU
- A number of well-known UK universities have their branches in Cyprus. 12 local universities offer high European standards of education for the bachelor, master and MBA programmes
Wonderful Climate & Environment
- The only European country where one can swim in the sea in November
- Sunny days range from 300 to 340 per year
- The population of Cyprus is only 858.000 people. There are no large industrial enterprises. As a result Cyprus has clean and healthy environment
Call or email us and we will provide consultancy on selecting an investment option
Preparation of documents to obtain citizenship
Investment made
Application (submission of documents) for obtaining citizenship
Purchase of a residential property for a min of €500,000 ex. VAT* (except when investment is made into residential property)
Get your Cyprus passport just after 6 months!
Granting of citizenship to investors in Cyprus
Wide selection of immovable property
Any investment option (except for investment in residential property with a minimum value of €2m ex. VAT) requires ownership of private property with a minimum value of €500,000 ex. VAT. Cyprus Developers Alliance as a union of 43 constructing and developing companies in Cyprus offers over 5000 properties in all price categories.
