Cyprus (EU): Citizenship by Investment Scheme – Fast Track

As per the Decision, a non-Cypriot citizen, who meets one of the following economic criteria, either personally or through a company/ companies in which he/ she participates as a shareholder - proportionally based on the percentage of participation, or even as a high-ranking Senior Manager of a company/ companies that meets one of economic criteria, may apply for the acquisition of the Cypriot citizenship through Naturalization by exception.

- The Government of Cyprus has laid out new simpler investment criteria that will enable non-EU citizens to secure Cypriot citizenship

- This initiative aims to further encourage international investment in Cyprus by high net worth individuals.

- It is now possible to acquire Cyprus Citizenship by exception through direct investment in the Republic of Cyprus.

  • - The main vector will be through the purchase of property

  • - This can be in the form of individual or collective investments, and applies to property of pre-determined values and property types: residences, offices, rental premises, hotels, resorts or a development of a similar nature
  • - Approved Investments are required to be held for a min of three years – thereafter investors are free to liquidate their investments.

Cyprus is the first country in Europe to offer a fast track option to obtain citizenship and a passport within 3 months. On the 24 May 2013, pursuant to subsection (2) of section 111A of the Civil Registry Laws of 2002-2013, the Cyprus Government has enforced favorable immigration policies, further fostering a way of obtaining Cyprus Citizenship by investment. The new regulations simplify the entire procedure in both time and formalities.

Collective Investment Scheme (CIS)

Total Required Amount €15 million for min of 5 Applicants. Investment €12.5 million plus €2.5 million Residential Requirement
Individual investors are required to invest at least €2.5 million each, provided that they are participant in an approved collective investment scheme, provided that the total value of the investment is at least €12.5 million. In addition each applicant must hold a permanent privately-owned residence in Cyprus with minimum value of €500.000 + VAT.
EU Citizenship
  • - Participation to special collective real estate schemes, with a property portfolio of at least €12.5 million in the Republic of Cyprus.
  • - Participants to the special collective real estate purchase scheme will acquire a Cyprus (EU) passport by a direct investment of only €2.5 million from June 14, 2014 whilst non-participants will have to invest by way of direct investment €5 million.
  • - Collective Incentive Schemes allow groups of investors to participate in yield baring investment opportunities with a minimum investment of €2.5 million each.
  • - Eligible participants are also required to acquire a residence in Cyprus of at least €500.000 plus VAT.
  • - A balanced asset portfolio can provide sustainable long term returns with significant capital appreciation at divestment.

Direct Investment Scheme

Investment Amount €5 million
Foreign investment is a major factor in Cyprus’ economic development and every effort is being exerted to create a friendly environment for foreigner investors. The Government has liberalised the Foreign Direct Investment (FDI) policy for both EU and non-EU nationals and furthermore there is no longer any distinction between foreign and Cypriot enterprises. Individual investors are required to invest at least €5 million for the purchase or construction of building (residential or commercial or in tourism sector development) or other approved investment (shares of a Cypriot company with property assets, operations, hotels, land etc). In addition the applicant must hold a permanent privately-owned residence in Cyprus with minimum value of €500.000 + VAT.




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Investment Opportunities

Capitalizing on its strategic location, Cyprus has developed through the years into a reputable international services hub especially in the financial services, maritime and shipping. European Union and eurozone membership have further enhanced Cyprus’s attractiveness and its role as a business bridge and springboard for investments in Europe, Africa and Asia.