CYPRUS CITIZENSHIP BY INVESTMENT
CURRENTLY SUSPENDED
The Cyprus citizenship by investment program was created in 2002. During the last few years, it reduced its investment amount to half, which made it a highly popular program.
If you are interested in residency in Cyprus, which can also lead to citizenship, then you may find our Cyprus residency by investment guide useful.
Cyprus is part of the EU and Cypriots have freedom of movement across Europe. The Cyprus passport is a good passport which will become on par with most other EU passports when the U.S. finally admits Cyprus into the Visa Waiver program as per agreement.
Location
Europe
Population
1,170,000
Capital
Nicosia
Currency
Euro
Language
Greek, Turkish
Investment Amounts
Application Process
STAGE 1: Month 1
Gather the necessary documents and submit the application at the Ministry of Interior, which will provide a “Confirmation of Submission of Application for Naturalization by Exception”. This confirmation will be used for the Immigration Permit application at the Civil Registry and Migration Department. After collection of the biometrics, the immigration permit is issued after 5 working days. Applicants are required to hold an immigration permit for 6 months prior to naturalisation.
STAGE 2: Month 6
Application for citizenship is processed and taken to the relevant Ministries. If the applicant meets the requirements, the Minister of Interior advances the case to the Council of Ministers for the decision. The process takes 5-6 months to complete. Once approved, applicant is required to finalize the investment.
STAGE 3: Month 7
After holding an immigration permit for 6 months, the Civil Registry and Migration Department issues the Certificate of Naturalization. Subsequently, the applicant will need to take the Oath of Faith to the Cypriot Republic before a Registrar of a Cypriot court or a consular officer. Once this is completed, the applicant can apply for the passport.
Benefits
- Cyprus provides visa-free access to 171 destinations and freedom of movement in the EU. The destinations include Canada and the UAE.
- Cyprus doesn’t levy tax on foreign income.
- Doesn’t require the applicant to visit Cyprus after naturalisation
- Applicants can include parents and children up to 28 years of age.
Requirements
-
- Provide a police report and be of good character
- Hold a resident permit from Cyprus for at least 6 months
- As part of the investment, the applicant must purchase a property of 500,000 EUR and hold it for life.
- Applicants must not have been denied a Schengen visa and/or citizenship in another EU country.
If you are interested in Citizenship or Residency by investment
Click to the Global Residence Index homepage to learn more.
Need help?
Navigating through golden visa & citizenship by investment programs can be complex and overwhelming, regardless of the country or program you’re interested in. If you’re struggling to find clear, accurate information, you’re not alone. Our team is here to offer you clarity and reliable advice across a wide range of immigration programs.
By scheduling a consultation, you’ll receive personalized guidance tailored to your unique situation. We’re dedicated to helping you understand the details of various immigration programs, making them more straightforward so you can proceed with confidence.
During our call, we will:
Here is what to expect from a call with our advisory team:
We’ll answer your questions about the program and the application process, providing you with the clarity you need.
We’ll break down each stage of the immigration process, ensuring you know exactly what to expect.
We’ll help you determine if the chosen program is the right fit for you or suggest alternatives that may better align with your goals.
Gain access to our network of recommended local lawyers, as well as providers of eligible investment options.
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