Cyprus Investment Programme
Required investment amount: €2.65 million (minimum) qualifies for citizenship.
Financial eligibility requirements include:
- Possession of a permanent privately-owned residence with a value of at least €500,000 in the Republic of Cyprus, which must be maintained for a lifetime, but can be rented;
- A donation of at least €75,000 to the Cyprus Land Development Corporation;
- A donation of at least €75,000 to the Research and Innovation Foundation; or
- Investments (of the applicant’s choice):
- At least €2 million to purchase or build upon real estate;
- At least €2 million to establish or participate in Cypriot companies or businesses;
- At least €2 million invested in alternative investment funds or the financial assets of a Cypriot company or organisation licensed by CySec; or
- Any combination of the above.
Status: Citizenship. A Cypriot passport is issued within 6 months, with approval granted within just 2 to 3 months. The applicant does not become a tax resident in Cyprus unless he spends more than 183 days per calendar year.
Description: The Cyprus Investment Programme was designed for wealthy individuals willing to gain Cypriot citizenship in exchange for investment in real estate, land or business(es).
Benefits: All rights conferred on a citizen of Cyprus, including the freedom to live, work, and study anywhere in the EU, and visa-free or visa-on-arrival access to more than 170 countries and territories. Dual citizenship is permitted.
Time allowed outside the country: Unlimited.
Website: moi.gov.cy.
