Investments of € 2,000,000 in one of the following instruments, or in a combination of them:
Single or multiple properties*; or
Primary market government bonds (no more than € 500,000); or
Investments in shares of Alternative Investment Funds. These funds must be established in the territory of the Republic of Cyprus and be licensed and supervised by the Cyprus Commission for Stock Exchanges and Securities All of the investment options mentioned above should be accompanied by a purchase of a residential property worth at least € 500,000* for lifetime possession.
Financial instruments of Cypriot companies or organisations operating in Cyprus; or
Establishment, purchase, or entry into a company operating in the territory of Cyprus and having at least 5 Cyprus citizens of staff on a permanent basis; or
Investments in plots of land subject to the availability of an investment plan for the development of this site; or
In the case of investing € 2,000,000 in residential properties under the criteria of the programme, a property worth € 500,000 for permanent ownership can be included in the total investment amount
When purchasing real estate in the primary market, the applicable VAT is not included in the minimum cost of the properties and is paid in excess of this amount
Procedures & Timelines
Citizenship is granted to an applicant who holds a permanent resident's status for at least 6 months.
The timeline for issuing a permanent residence permit (PR) is 5 to 10 days.
The timeline of a citizenship application approval is 7 months.
Applications for permanent residency and citizenship are submitted simultaneously and are processed alongside each other.
Thus, the overall period for obtaining citizenship is approximately 7 months from the date of the application and of the transfer of the investment amount to an escrow account.
Spouse or civil marriage partner
Children under the age of 28*
Investors parents based on a further residential Investment (min €500,000)
* worth a minimum of 500,000 euros gives the investor the right to acquire citizenship for his/her parents.
A 3-year investment in properties with the relevant VAT
Purchase of a residential property for lifelong possession*