Citizenship by Investment in Cyprus

Updated on Thursday 18th February 2021

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Cyprus is one of the most appealing countries in Europe when it comes to citizenship by investment programs. Cyprus was also a pioneer in relation to offering residency by investment to those interested in immigrating here based on a significant contribution to the economy. Over the years, the Cypriot government has perfected these programs and now it offers one of the most developed citizenship by investment programs in Europe and the European Union.

Those who want to relocate to Europe by buying a golden visa can choose Cyprus in order to maximize their chances of success. Below, our specialists in immigration through investment explain how to buy a golden visa in Cyprus. We can also assist those who want to buy golden visas in other countries in Europe or not.

The Cyprus Investment Scheme

Cyprus was one of the first countries in Europe to welcome non-EU residents who wanted to acquire citizenship by investment. First released in 2013, the Cyprus Investment Program which leads to citizenship is comprised in the Scheme for Naturalization of Investors in Cyprus by Exception in the Civil Code of the country.

Under this program, non-EU citizens can apply for citizenship by investment in Cyprus under very specific conditions.

Our local agents can help foreign investors interested in buying golden visas in Cyprus, but also in other states which offer similar programs such as Greece and Malta.

Conditions to obtain citizenship by investment in Cyprus in 2021

The acquisition of a golden passport in Cyprus implies corresponding to certain conditions imposed by the Cypriot authorities. These conditions are:
  •           the foreign investor must be at least 18 years old and have a clean criminal record;
  •            the investor must own a Cypriot or buy a Cypriot property worth at least 500,000 euros (VAT excluded);
  •           the acquisition of the property can also be done by several members of the family (such as spouse or parents);
  •           the investor must not be on the government’s list of individuals with frozen properties in Cyprus.

Foreign citizens are also allowed to bring other family members, including minor children or young adult children with the maximum age of 27, as long as the latter are able to support themselves financially.

Our golden visa immigration agents can offer more information on the conditions related to obtaining citizenship by investment in Cyprus in 2021. We can also help those interested in obtaining citizenship by investment in the United States of America.

Applying for citizenship by investment in Cyprus in 2021 is not complicated, as this is one of the first countries in Europe to enable such a scheme. Moreover, the government updated it several times in order to improve the immigration conditions.

Investment conditions for obtaining a Cypriot citizenship

Apart from the requirements mentioned above which only grants the right to being considered for a Cypriot passport by investment, the applicant must also consider the following investment conditions:
  •           investment in real estate, infrastructure projects or land development projects;
  •           investments in Cypriot company shares, organizations or other financial assets;
  •           investments in Alternative Investment Funds which have been approved by the Cyprus Securities Exchange Commission;
  •           a combination of the investment options above which must be combined with the purchase of government bonds worth at least 500,000 euros.

The investment must be maintained for a minimum of 3 years in order for the applicant to be considered for citizenship in Cyprus.

With a vast experience in helping those who want to buy golden visas in various countries, our experts in Cyprus can help those who want to relocate here by applying for permanent residency or citizenship. If you are interested in applying for citizenship by investment in Cyprus in 2021, our agents can provide the necessary details on the program.

Why choose to buy a golden visa in Cyprus in 2021?

Those seeking for a European country to move to by making a significant investment should choose Cyprus which offers plenty of advantages. Among these, it is worth noting that the Cyprus Citizenship by Investment Program ranks among the top 10 best golden visa programs in the world. Also, Cyprus is one of the few European countries to offer direct citizenship by investment, compared to countries like the United Kingdom which offers residency before granting the right to citizenship.

Cyprus is a great destination to move to for foreign investors in particular. They can open companies here and thus acquire citizenship. The procedure of acquiring a Cypriot passport by investment in 2021 here is also quite short, taking no more than 90 days for the application to be processed.

Another advantage of applying for citizenship by investment in Cyprus is the possibility of bringing adult children, as well as the option of purchasing a property together with other family members.
For assistance in obtaining citizenship by investment in Cyprus, please contact us. You can also rely on us if you are interested in other golden visa programs.