Frequently Asked Questions
A RP holder may be granted EU-Cyprus Citizenship by naturalisation on accumulating 365 x 5 days (1825 days) with no time limit. Application is made in the seventh year after spending 365 days continuously in Cyprus.
Immediate naturalisation leading to EU-Citizenship
Invest in a €2 million property portfolio for 3 years. This can be a combination of residential (Minimum €500 000) and or commercial property. After three years there is the option to exit retaining only the primary residency. Most importantly there are no donations required unlike other jurisdictions.
Following the European-wide financial crises; hitting Europe; Cyprus the country, the economy and the property market has bounced back and is an attractive investment destination. Cyprus is one of the fastest growing economies within the EU. Foreign buyers of Cyprus property continue to invest and one out of 4 properties are owned by foreigners.
The family (For example 4) must be able to prove a source of income from outside Cyprus of about €30 000 pa. For parents €8000 pa. In addition, for the first 3 years of residency, a fixed deposit in the primary applicants name of €30 000 must be retained. All interest accrues to the PR applicant.
Minimum investment of €2 million in real estate investment options; of which the primary residence must be not less than €500,000; The main applicant must be 18 years of age; No criminal record; There are no minimum visit requirements.
On the citizenship application being filed, then within 3 months EU citizenship is approved and passports follow.
There are various options, and an applicant may opt for one of the following:
Investment in Cypriot companies, which also needs to be maintained for three years;
Investment in land development or real estate; Investment in Cyprus Alternative Investment Funds, or Cypriot public companies;
No, the Cyprus Program does not have any residency requirements. This is the only program within the EU without such requirement.
The EU Citizenship by naturalisation granted is indefinite and can be passed on from generation to generation
The fee for submitting a Cyprus Citizenship application is €2,000 for each applicant. Once the naturalisation certificate is issued, then an additional €5,000 is payable to the Cypriot authorities.
Free movement of goods, services, and capital within the EU;
Access to over 160 visa-free destinations;
Valid for life and can be transferred to descendants;
The process is 3 months long- one of the shortest timeframes;
There are no minimum residency requirements prior to citizenship.
A Cyprus Residence Permit is issued within 2 months;
No language test
No medicals or interview
Cypriot citizens enjoy all the rights and privileges of EU citizens
One can live, work; travel; educate; access healthcare; retire in any of the EU states
Following the European-wide financial crises; hitting Cyprus in 2012; Cyprus the country, the economy and the property market has bounced back and is an attractive investment destination. Cyprus is one of the fastest growing economies within the EU. Foreign buyers of Cyprus property continue to invest, demonstrating continued confidence and make up on average 25% of new buyers