CYPRUS CITIZENSHIP BY INVESTMENT

 

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. The Cyprus CBI process takes a bit more than 6 months to complete, as the applicant must hold a Cyprus resident permit for at least 6 months prior to applying for Cyprus naturalisation for investors. 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


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.


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