{"id":20658,"date":"2018-11-02T18:53:17","date_gmt":"2018-11-02T18:53:17","guid":{"rendered":"https:\/\/globalresidenceindex.com\/?page_id=20658"},"modified":"2024-01-09T10:01:57","modified_gmt":"2024-01-09T10:01:57","slug":"cyprus-citizenship-investment","status":"publish","type":"page","link":"https:\/\/globalresidenceindex.com\/cyprus-citizenship-investment\/","title":{"rendered":"Cyprus Citizenship by Investment"},"content":{"rendered":"
\n
\n
\n
\n
\n
\n
\n

CYPRUS CITIZENSHIP BY INVESTMENT<\/h1>\n<\/div>\n<\/div>\n<\/div>\n
\n
\n

CURRENTLY SUSPENDED<\/b><\/h3>\n

The Cyprus citizenship by investment<\/a> program was created in 2002. During the last few years, it reduced its investment amount to half, which made it a highly popular program.<\/p>\n

If you are interested in residency in Cyprus, which can also lead to citizenship, then you may find our Cyprus residency by investment guide<\/a> useful.<\/p>\n

Cyprus is part of the EU and Cypriots have freedom of movement across Europe. The Cyprus passport is a good passport which will become on par with most other EU passports when the U.S. finally admits Cyprus into the Visa Waiver program as per agreement.<\/p>\n<\/div>\n<\/div>\n

\n
<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n
\n
\n

Location<\/b><\/h3>\n
Europe<\/h5>\n<\/div>\n
\n

Population<\/b><\/h3>\n
1,170,000<\/h5>\n<\/div>\n
\n

Capital<\/b><\/h3>\n
Nicosia<\/h5>\n<\/div>\n
\n

Currency<\/b><\/h3>\n
Euro<\/h5>\n<\/div>\n
\n

Language<\/b><\/h3>\n
Greek, Turkish<\/h5>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n
\n
\n
\n
\n
\n
\n

 <\/p>\n

Investment Amounts<\/h2>\n<\/div>\n<\/div>\n<\/div>\n
\n
<\/div>\n<\/div>\n
\n
\n

Business Investment<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n
<\/th>\n<\/th>\n<\/tr>\n<\/thead>\n
Investment amount<\/td>\n2m EUR in an approved business venture to be held for 5 years<\/td>\n<\/tr>\n
Real Estate<\/td>\n500,000 EUR property to be held for life<\/td>\n<\/tr>\n
Donation<\/td>\n2 X 75,000 EUR<\/td>\n<\/tr>\n
Naturalization Certificate fees<\/td>\n2,000 EUR per adult, 80 EUR per minor<\/td>\n<\/tr>\n
Investment amount<\/td>\n5,000 EUR per person<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n<\/div>\n

Financial Assets Investment<\/h3>\n
<\/div>\n<\/div>\n
\n\n\n\n\n\n\n\n\n\n
<\/th>\n<\/th>\n<\/tr>\n<\/thead>\n
Investment amount<\/td>\n2m EUR from alternative investment funds to be held for 5 years<\/td>\n<\/tr>\n
Real Estate<\/td>\n500,000 EUR property to be held for life<\/td>\n<\/tr>\n
Donation<\/td>\n2 X 75,000 EUR<\/td>\n<\/tr>\n
Application fees<\/td>\n2,000 EUR per adult, 80 EUR per minor<\/td>\n<\/tr>\n
Naturalization Certificate fees<\/td>\n5,000 EUR per person<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n<\/div>\n

\n

Real Estate Investment<\/h3>\n
<\/div>\n
\n\n\n\n\n\n\n\n\n\n
<\/th>\n<\/th>\n<\/tr>\n<\/thead>\n
Investment amount<\/td>\n2m EUR to be held for 5 years<\/td>\n<\/tr>\n
Real Estate<\/td>\n500,000 EUR worth of property must be held for life<\/td>\n<\/tr>\n
Donation<\/td>\n2 X 75,000 EUR<\/td>\n<\/tr>\n
Application fees<\/td>\n2,000 EUR per adult, 80 EUR per minor<\/td>\n<\/tr>\n
Naturalization Certificate fees<\/td>\n5,000 EUR per person<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n<\/div>\n

Combination Investment<\/h3>\n<\/div>\n
<\/div>\n
\n\n\n\n\n\n\n\n\n\n
<\/th>\n<\/th>\n<\/tr>\n<\/thead>\n
Investment amount<\/td>\n2m EUR to be held for 5 years<\/td>\n<\/tr>\n
Real Estate<\/td>\n500,000 EUR to be held for life<\/td>\n<\/tr>\n
Donation<\/td>\n2 X 75,000 EUR<\/td>\n<\/tr>\n
Application fees<\/td>\n2,000 EUR per adult, 80 EUR per minor<\/td>\n<\/tr>\n
Naturalization Certificate fees<\/td>\n5,000 EUR per person<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n<\/div>\n<\/div>\n<\/div>\n

\n
<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n
\n
\n
\n
\n
<\/div>\n<\/div>\n
\n
\n
\n

Application Process<\/h1>\n<\/div>\n<\/div>\n<\/div>\n
\n
\n

STAGE 1: <\/b>Month 1<\/h3>\n

Gather the necessary documents and submit the application at the Ministry of Interior, which will provide a \u201cConfirmation of Submission of Application for Naturalization by Exception\u201d. This confirmation will be used for the Immigration Permit application at the Civil Registry and Migration Department. After collection of the biometrics, the immigration permit is issued after 5 working days. Applicants are required to hold an immigration permit for 6 months prior to naturalisation.<\/p>\n<\/div>\n<\/div>\n

\n
\n

STAGE 2: <\/b>Month 6<\/h3>\n

Application for citizenship is processed and taken to the relevant Ministries. If the applicant meets the requirements, the Minister of Interior advances the case to the Council of Ministers for the decision. The process takes 5-6 months to complete. Once approved, applicant is required to finalize the investment.<\/p>\n<\/div>\n<\/div>\n

\n
\n

STAGE 3: <\/b>Month 7<\/h3>\n

After holding an immigration permit for 6 months, the Civil Registry and Migration Department issues the Certificate of Naturalization. Subsequently, the applicant will need to take the Oath of Faith to the Cypriot Republic before a Registrar of a Cypriot court or a consular officer. Once this is completed, the applicant can apply for the passport.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

\n
\n
\n
\n
\n
<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n
<\/div>\n<\/div>\n
\n
\n
\n
\n<\/div>\n
\n
\n
\n

 <\/p>\n

Benefits<\/h2>\n
\n