Cyprus by Investments Overview
The Council of Ministers decided to abolish the existing Cyprus Investment Program. The decision is valid from November 1, 2020. All pending applications will continue to be examined; no new applications will be accepted.
According to the Council of Ministers Decisions (dated 13.09.2016 and subsequent decision 21.05.2018), non-Cypriot Investors can acquire the Cyprus Citizenship by Naturalization and the Cyprus Passport for them and their families (by the exception based on the Civil Registry Laws of 2002 – 2017).
From 2020, Cyprus offers two types of Golden Visas, one of which leads to citizenship, whereas the other to permanent residence. To get Cyprus citizenship by investment, the applicant must purchase real estate property worth at least €2 million (excluding VAT). Additional €500,000 into property purchase must be added if applicant wants to include spouse or parents. If you used the Golden Visa program to get a Permanent Residence Card, you only need to visit Cyprus once every two years, for a maximum period of one day in order to renew it.
Requirements for Cyprus Citizenship by Investments
Beside buying the real estate worth at least €2 million, there are other requirements for Cyprus Citizenship by Investments.
- No criminal records
- €100,000 donation to the Cypriot Government Research and Development Fund and another €100,000 donation to the Cypriot Land Development Organization. In total, the entire investment must be €2.2 million
- Commit to the investment before applying for the Golden Visa
- Transfer the money for the investment from abroad
How to get a Cyprus Golden Visa?
The applicant must submit Application at the Ministry of Interior. The ministries of Interior and Finance examine the application for naturalization and present it to the Council of Ministers for approval. The applicant will receive a six-month residence permit, which allows to stay in Cyprus or travel in and out of the country while the application finalizes. After approval the Civil Registry and Migration Department issues the Certificate of Naturalization. Applicant needs to to give bio-metrics so that his passport can be issued. He is also entitled to apply for the issuance of the Cyprus identity card at the local District office. Cypriot passport and an ID card are issued very fast.
How we can assist?
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