Qualifications:
Possess a valid passport
Hold no criminal record
Not be included in the list of persons whose property is ordered to be frozen within the boundaries of the EU
Possess a residency permit for a period of 6 months prior to being granted citizenship
Have a valid Schengen visa
Benefits:
According to Value Penguin 2015, Cyprus is among the top 5 safest country in the world
Top 4 best retirement destination globally (Knight Frank 2016)
Most blue flag beaches per capita in the EU (Eurostat)
Fast procedure with citizenship approval within approximately 6 months
No language requirements
Parents qualify provided they own a property or a share of €500,000 in a residential property of the main applicant
Recognizes dual nationality
Low tax rates and free trade within the EU
Right to live, work and study in Europe and ability to own property in an EU member state
Strategic geographical location forming a bridge between the EU, the Middle East and North Africa.
Investment Options
The applicants should meet should meet the following criteria in order to qualify:
1. Should own a permanent, privately owned residence of at least €500,000 plus applicable VAT
2. Choose one of the prescribed investment options for €2 million and maintain it for the required duration of 3 years;
– Real Estate, Land Development and Infrastructure Projects
The applicants must either invest €2 million in the construction of property or purchase a property of the same value.
– Purchase, Creation or Participation in Cypriot Businesses or Companies
Applicants may make an investment of at least €2 million in the purchase, creation or anticipation in businesses or companies that are based and operating in Cyprus. These businesses or companies must employ at least five Cypriot or European citizens.
– Investment in Financial Assets of Cypriot Companies or Organizations
Applicants must make an investment of at least €2 million in regulated funds in the Republic of Cyprus. The applicants must maintain the purchased assets for a period of three years.
– Combination of the Above
Applicants may make an investment of at least €2 million in a combination of the aforementioned options. In this case, they can also invest in government bonds at a maximum €500,000 and maintain the investments for three years.