Cyprus Citizenship & Residency by Investment
The Government of Cyprus in an effort to enhance the competitiveness of Cyprus and to provide even more attractive incentives to Foreign Investors / Entrepreneurs, implemented major changes in the “Scheme for Naturalization of Investors in Cyprus by exception” (on the basis of the Civil Registry Laws 2002-2015).
The new financial criteria introduced are even more favorable than before with the minimum necessary amount of investment having been reduced from €2.5 million to €2 million.
A non-Cypriot citizen who satisfies one of the following economic criteria, either personally or through company/companies where he/she participates as a shareholder, either through investment made by his/her spouse or they have made together, either as a senior executive of company/companies that meet one of the financial criteria, may apply for the acquisition of Cyprus Citizenship by Naturalization by exception.
New Financial Criteria
A non-Cypriot citizen will be eligible to obtain Cypriot Citizenship if one of the following economic criteria is met:
Investing in Real Estate Developments and Infrastructure
The applicant should make an investment of at least €2 million for the purchase or construction of immovable property whether residential or commercial, and whether related to the tourism sector or to other infrastructure.
The investment can be made in a building land and there should be an investment plan for its development, while the purchase of land in zero growth zones is excluded.
Terms and Conditions
Residential Property in the Republic of Cyprus
The applicant must hold a permanent privately-owned residence in the Republic of Cyprus, the purchase price of which must be at least € 500.000 plus VAT.
It is noted that members of the same family, which apply separately as investors, can collectively acquire a residence, provided that the total value of this home-property covers the amount of € 500.000 per each applicant.
Residency in Cyprus
The applicant, before the naturalization as Cypriot Citizen, must hold a residency permit in the Republic of Cyprus.
In case the applicant is not already a holder of a residency permit, may submit an application for an immigration permit at the same time while submitting an application for naturalization.
Clean Criminal Record
The applicant should have clean criminal record.
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