Passport and Citizenship in Cyprus

Citizenship by Investment | Get Second Passport in Cyprus

Situated in the north-eastern part of the Mediterranean Sea and to the south of Turkey, Cyprus is the largest island in the eastern Mediterranean as well as being the third smallest country in the EU, after Malta and Luxembourg. Cyprus joined the EU as a de facto divided island but the whole of Cyprus is EU territory.

Cyprus successfully diversified its largely agrarian economy into one based on services – including a large tourism sector – and light manufacturing. More recently it has also developed into an important financial hub, especially for investors from Russia and Eastern Europe.

**Note that the law requires the mandatory acquisition of personal immovable property by each investor worth at least €500,000 ex. VAT (except where investment is made in residential property/properties worth €2 million ex. VAT).

Main Benefits of Obtaining Citizenship in Cyprus through the Citizenship-by-Investment Program

  • Cyprus passport within 6 months only!
  • Unrestricted right to live, work, own and operate a business, travel & study anywhere in the EU
  • Visa-free travel to 157 countries
  • Citizenship is granted to the applicant, the spouse and all financially dependent children up to the age of 28
  • Cyprus allows dual citizenship
  • Low tax rates (currently 12.5% corporation tax, and a tiered income tax from 0 to 35%) including no capital gains tax, wealth tax, inheritance tax, or gift tax, no estate duty, and no income tax paid on income from dividends or interest
  • Access to the first-class EU health care and education systems
  • No requirement to reside in Cyprus
  • No donations required
  • Investment to be kept just for 3 years
  • No exams in history or Greek language
  • The citizenship can be passed to future generations by descent
  • The ability to work, run a business, and live in any of the EU member states

Main Requirements

Hold no criminal record.
Solid Business background information
Excellent financial background
Good references with good CV of applicant

Investment Options

Investment in Alternative Investment Funds

An investment of at least €2 million into units in AIFs, bonds, debentures, other securities, registered and issued in the Republic of Cyprus, in companies or organizations with substantial economic activity in Cyprus which are regulated by the Cyprus Securities and Exchange Commission.
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Investment in Real Estate

An investment of a minimum value of €2 million in the purchase or construction of real estate, land development projects (residential or commercial), infrastructure projects or Investments in building plots or land which can be developed.
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Investment in Business

An investment of a minimum value of €2 million in the purchase, creation, or participation in businesses or companies that are based and operating in Cyprus. These businesses or companies should evidently have a tangible presence in Cyprus and employ at least five Cypriot citizens.
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