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Cypru

Citizenship by Investment

Minimum Investment

€2,150,000

Mixed Investment

Minimum Investment

N/A

Real Estate

Time To Citizenship

6

Months

Visa-Free Access *

170+

Countries & Territories

About the program

The Cypriot Citizenship by Investment program started accepting applicants in 2002 and was later amended to simplify the process. The straightforward and quick process made it one of the most attractive citizenship programs for investors. To be eligible to apply for this program you must be over 18 years old, in good health and without a criminal record. Additionally, you must hold a valid Schengen visa. Furthermore, you are required to make a combined investment in a real estate project and a non-refundable contribution to government projects.

Benefits

Visa-Free Travel

Visa-free or visa-on-arrival to more than 170 countries and territories worldwide including the European Union, the United Kingdom and Canada.

Consular Support

As a citizen of Cyprus, you are also a citizen of the European Union and entitled to consular protection and support from any European union consulate globally.

Health & Education

You can also enjoy the unrestricted right to live, work, study and expand your business in the European Union and have access to world-class healthcare.

Tax Relief

Cyprus has one of the lowest taxation rates in Europe with no foreign income tax, inheritance tax or withholding tax on interest earned.

Minimal residency required

You are not required to live in Cyprus to obtain citizenship.

Dual Citizenship permitted

Cyprus allows dual citizenship, permitting you to keep your existing nationality.

Program requirements

Main applicant requirements

  • 18+ years of age
  • Good health
  • No criminal record
  • Successfully pass due diligence checks
  • Receive approval by the Government
  • Confirmed investment sources

Eligible dependents

  • Spouse of the main applicant
  • Adult children (biological or adopted) under 28 years of age
  • Dependant parents

*Parents and children older than 18 must be dependent on the main applicant.

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Program process

The expected timeframe for the application process is 6 months. The first stage of the document collection can differ in length depending on the applicant’s ability to gather the documents. Our team guides this process with samples and best practice advice. The reviewal stage is subject to the respective Government schedule and can be impacted by factors which we, as authorised agents have no control over. Savory and Partners collaborates with the Government throughout the entire process, and we aim to provide the quickest and smoothest experience for the applicant.

Legal basis

The Cyprus Citizenship Program is now one of the fastest in Europe and is pursuant to the “Scheme for Naturalisation of Investors in Cyprus by Exception” on the basis of Section 111A (2) of the Civil Registry Laws of 2002-2013, based on a Council of Ministers decision dated 19th March 2014. On 24 May 2013, Pursuant to subsection (2) of section 111A of the Civil Registry Laws of 2002-2013. In virtue of this law, the Cyprus Council of Ministers may grant citizenship by naturalization to foreign entrepreneurs. Therefore, enforcing favourable immigration policies and further fostering a way of obtaining Cyprus Citizenship by Investment. The new regulations simplify the entire procedure in both time and formalities. Additionally, the law provides for the granting of the Cypriot citizenship to the spouse as well as financially dependent adult children of the investor. Neither the spouse nor the children are obliged to meet any additional financial criteria.

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