An important hub in the heart of the Mediterranean at the crossroads of Europe, Africa and Asia, Cyprus is diverse, culturally rich and perfectly placed for working and traveling within and beyond the European Union. The economy is rapidly recovering from a recent recession through significant activity in the shipping, tourism, legal and financial services sectors, and has also seen a surge in foreign investments and developments, and property and investment values.
Cyprus boasts a rich and diverse culture, mild Mediterranean climate, and a safe and stable setting ideal for raising families. Investors also look at Cyprus for business and investment purposes, recognizing numerous investment opportunities. The benefits of the Cyprus program are plenty:
Cyprus offers the quickest, most assured route to citizenship of a European country through the Cypriot citizenship by investment programme. An investment of €2.0 million in real estate is required, plus a donation of €75,000 to the Governments Research and Development fund and €75,000 to the Land Development Organisation. Cyprus is unique in its offering of citizenship within just 6 months of such an investment. This grants a Cypriot passport and citizenship of an EU country, allowing the freedom to work, travel, study and live anywhere within the EU including countries such as Germany, France and the UK. The investment can be reduced down after 5 years to just €500,000.
The main attraction for high net worth individuals is the rapid citizenship on offer for qualifying real estate investments. Read more on the Cyprus Citizenship by Investment Program. Applicants are required to have a clear criminal record. There is no language requirement, medical test or interview for citizenship applicants.
Offered in accordance to subsection (2) of section 111A of the Civil Registry Laws 2002-2019, the Cyprus Investment Program is one of the fastest to lead to residence and citizenship in Europe.
To qualify for citizenship, applicants must fulfill one of the investment options below and hold it for five years in addition to meeting the following criteria:
(a) The applicant may donate at least €75,000 to the Research and Innovation Foundation.
(b) The applicant may donate at least €75,000 to the Cyprus Land Development Corporation for the financing of housing schemes for affordable housing, but also for the materialization of other housing schemes/measures.
Applicants may invest at least €2,0 million for the purchase or construction of buildings or for the construction of other land development projects including residential or commercial developments, developments in the tourism sector, or other infrastructure projects.
Applicants may invest at least €2,0 million for the purchase or participation in companies or organizations established and operating in the Republic of Cyprus. Proof of physical presence in Cyprus is required, with employment of at least 5 (five) Cypriot citizens, or citizens of any EU member state.
Applicants may invest in units of at least €2,0 million in Alternative Investment Funds or Registered Alternative Investment Funds or financial assets of Cypriot companies or Cypriot organizations that are licensed by Cyprus Securities and Exchange Commission. It is permitted for these AIFs or RAIFs to invest in secondary market stock-market values of the Cyprus Stock Exchange an amount that does not exceed the €200,000.
Applicants may invest in a combination of the above options. The combination of investments must total at least €2 million.
South Eastern Europe, island in the Mediterranean Sea
9,251 sq. km.
0-14: 15.58%, 15-24: 14.37%, 25-54: 46.99%, 55-64: 11.26%, 65+: 11.8%
Greek (official): 80.9%, Turkish (official): 0.2%, English: 4.1%, Romanian: 2.9%, Russian: 2.5%, Bulgarian: 2.2%, Arabic: 1.2%, Filipino: 1.1%, Other: 4.3%, Unspecified: 0.6%
Orthodox Christian: 89.1%, Roman Catholic: 2.9%, Protestant/Anglican: 2%, Muslim: 1.8%, Buddhist: 1%, Other (includes Maronite, Armenian Church, Hindu): 1.4%, Unknown: 1.1%, None/Atheist: 0.6%
Republic of Cyprus: presidential democracy
1 USD = 0.9214 EUR