Eu Citizenship

SCHEME FOR NATURALIZATION OF INVESTORS IN CYPRUS BY EXCEPTION

Obtaining Cypriot Citizenship by Investment per the updated Government policy dated:

Updated law: 13th September 2016

WHAT YOU GET

  • Visa free travel in 157 countries
  • Live, work, travel anywhere in the European Union
  • Own a Business within the EU
  • Applicants spouse and children up to the age of 28 are also granted citizenship.
  • Applicants parents are entitled for citizenship provided they own permanent residence in Cyprus of at least €500.000
  • Benefit from no inheritance tax in Cyprus.
  • Cyprus has one of the lowest corporate tax rates in the EU 12.5%
  • Dual Citizenship is allowed

INVESTMENT OPTIONS

  • Residential and Commercial properties and infrastructure projects
  • Cyprus businesses and companies
  • Financial Assets of Cypriot Enterprises and/or organisations
  • Alternative Investment Funds (AIFs)
  • Government bonds (maximum investment of €500.000)
  • Combination of options

REQUIREMENTS

  • Minimum investment of €2,000,000 (ex. VAT)
  • Requirement to invest in residential property in the republic for at least €500.000 (ex. VAT).
  • Holding investments for a minimum of 3 years
  • If applicant wishes to sell investments after 3 years, then a residential property of a minimum value of €500.000 (ex. VAT) needs to be kept.
  • Clear criminal records for all receivers of Cyprus citizenship
  • Must be holder of Cyprus residence permit (to be filled with citizenship application)
  • NO requirement to reside in Cyprus
  • NO requirement for language proficiency tests

APPLICATION & COSTS

Application Submission Documents:

  • Brief explanation of Investment for the application
  • M127 Application Form
  • Birth Certificate
  • Copy of Passport
  • Clean criminal record certificate from country of origin and country of residence
  • Marriage certificate
  • Copies of two consecutive advertisements in daily newspapers
  • Two Passport Size photographs
  • Curriculum Vitae (CV)
  • Details about permanent privately-owned residence of the applicant in Cyprus
  • Supporting evidence in case applicant is a high ranking senior manager
  • Supporting evidence of investment by the applicant in Cyprus

TIME

Fast-track procedure of 3 months to be granted a citizenship.

Processing fees (paid to the Government)

Applicant Submission of Application Fees* Certificate of Naturalization Fees** Total
Investor € 2000 € 5000 € 7000
Spouse € 2000 € 5000 € 7000
Adult Child (18+) € 2000 € 5000 € 7000
Minor Child € 80 € 80

 * Application Submission

  1. Original documents
  2. Copies of original documents
  3. Application fees

** Certificate of Naturalization

After positive evaluation of the application, a Certificate of Naturalization is granted following payment of € 5000