Citizenship by Investment in Cyprus

The Cyprus Investment Programme is one of the most sought-after citizenship programs that provides successful applicants with an attractive balance between the capital contribution they make and the benefits they receive. The minimum financial requirement is EUR 2 million and successful applicants can travel visa-free to 173 destinations worldwide.

Cyprus, with its warm and stable climate and convenient geographical position, is considered an attractive place for both business and residence. The investment landscape in Cyprus is beneficial due to the island’s well-qualified labor force and a reliable transport and telecommunications system.

Cyprus has a modern, free-market, service-based economy, where in conjunction with its effective and transparent regulatory and legal framework, it offers international investors and businesses the confidence to invest, grow, and prosper. Cyprus was ranked number 53 out of 190 countries on the World Bank's Ease of Doing Business Index 2018. A number of new measures have been put into place to reboot the economy in the wake of the massive and difficult restructuring of the country’s banking sector. These measures are aimed, among other things, at helping to stimulate economic growth.

Benefits

  • The right of free movement, freedom to work and study, and security within the social and legal system of the EU.
  • Benefits for the whole family.
  • Visa-free or visa-on-arrival travel to 172 destinations including Canada, Hong Kong, Singapore, and the UK.
  • Completion in approximately six to eight months.
  • Citizenship passed down to future generations.

Qualification Criteria and Requirements

The Cypriot government has established a number of incentives to attract foreign direct investment into the country. One of these is the Cyprus Investment Programme, which grants full Cypriot citizenship to wealthy individuals who invest EUR 2.15 million into the country and meet certain other requirements. Successful applicants gain the right to live, work, and study in all 28 EU member countries. 

Any non-Cypriot citizen may apply for the Cyprus Investment Programme if they meet one of the investment criteria presented below. The qualification may either be done personally or through a company or companies in which the applicant acts as a shareholder or as a high-ranking senior manager.

  1. Fulfill both the below contributions:
    1. Donation of EUR 75,000 to the Research and Innovation Fund or another certified innovation enterprise.
    2. Donation of EUR 75,000 to the Cyprus Land Development Corporation.
  2. Select one of the following options:
    1. Investment in real estate, developments, and infrastructure projects:
      • The applicant should make an investment of at least EUR 2 million for the purchase or construction of real estate.
    2. Purchase and establishment of or participation in Cypriot businesses and companies:
      • The applicant must make an investment of at least EUR 2 million in the purchase of, creation of, or participation in businesses or companies that are based and operating in the republic. These businesses or companies should have a demonstrable and tangible presence in Cyprus and employ at least five Cypriot citizens.

Should you have any questions, or if you would like a detailed breakdown of the exact costs for your family or to arrange a private consultation, kindly contact us and we will be delighted to help you.

Procedure and Timeline

The process of obtaining Cypriot citizenship consists of a series of important steps that need to be implemented professionally and carefully. NIMARIA and partners manages each step and ensures that they are executed correctly and at the right time, since each part of the process, if not properly handled, can affect the final application approval.

NIMARIA helps its clients to identify the most suitable investment opportunities, evaluates all possible investments in relation to potential exit strategies, prepares and submits the application for citizenship to the government, follows up with the authorities while the case is being processed, and receives approval and documents for the clients. We also help clients to manage their properties and provide a further, enhanced menu of concierge services.

Following the submission of an application, we receive approval within 6 to 8 months.

Performance Guarantee

Even though the procedure for obtaining Cypriot citizenship is relatively straightforward, it is a very delicate process that requires a meticulous level of focus on the detail and structuring of the investment. NIMARIA has a wealth of international and local expertise and a high success rate of approving citizenship within the specified time frame. NIMARIA only works with investors who have passed our internal due diligence checks, which are similar to those used by the Government of Cyprus. Police clearance records from the current country of residence must also be provided at this preliminary stage.

Our clients rely on us for advice on international residence and citizenship matters.

To see how the combined expertise and global reach of our specialists could also work for you, please Contact Us for further information or to arrange a private consultation.