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TIME TO RESIDENCY / CITIZENSHIP
3-4 Months / 6-8 Months
MEMBER OF THE COMMONWEALTH OF NATIONS
Yes
FAMILY
Applicant, Spouse, Children and Parents
RESIDENCY
REQUIRMENT
None
ABOUT CYPRUS
Cyprus, located at the northeastern edge of the Mediterranean basin, is the third largest island in the region, spanning across 9,251 km2. It operates as a democratic republic with a presidential system of government. While it may collaborate with Greece on certain matters like defense and international politics, the Turkish Cypriot regime maintains a parliamentary democracy, heavily reliant on Turkey in political, military, and economic aspects. As a proud member of the European Union, Cyprus boasts an open, service-oriented economy with some light manufacturing. It strategically positions itself as a geographical “bridge” between the East and West, highlighting its educated English-speaking population, affordable local expenses, excellent air connectivity, and reliable telecommunications network.
THE CYPRIOT CITIZENSHIP & RESIDENCY BY INVESTMENT PROGRAM
Cyprus presents two real estate investment programs, catering to permanent residency and citizenship (CURRENTLY SUSPENDED) respectively. Both programs offer swift and streamlined processes for obtaining a residency permit or second citizenship.
To qualify for citizenship (CURRENTLY SUSPENDED), applicants must meet the following criteria:
- Acquire property for a minimum value of €2 Million (ex. VAT). If parents are included, an additional investment of minimum €500,000 (ex. VAT) is required.
- Hold the property for at least 5 years and keep a private residence valued at least €500,000 (ex. VAT), even after the 5-year period.
- Make a donation to the “Research Promotion Foundation” for the amount of €75,000 and to the “Cyprus Land Development Corporation” for the amount of €75,000.
- Hold a valid Schengen visa (if required to enter any country within the Schengen zone).
- Hold a clean police record.
- Have no rejection from any other member-state of the EU.
- Pay legal and administration fees.
To be eligible for a residence permit, applicants must fulfill the following criteria:
- Acquire property for a minimum value of €150,000 (ex. VAT) or €300,000 (ex. VAT).
- Hold the property for at least 5 years.
- Hold a valid Schengen visa (if required to enter any country within the Schengen zone).
- Hold a clean police record.
- Pay legal and administration fees.
You’re just one step away from obtaining dual citizenship. Share your contact number, and our representative will reach out to you soon.
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