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European Citizenship by Investment

EU Citizenship & Passport by Investment in Cyprus

As of 19 March 2014 and in accordance to Cyprus laws, non-European Citizens investing in the economy of Cyprus have the opportunity to obtain Cyprus (European) citizenship.

Our Law Firm offers a complete package to facilitate the submission of investment citizenship applications and to ensure citizenship for all family members.

Major benefits of the Cyprus EU Passport/Citizenship program

  • Investment can be sold after 3 years.
  • Investment minimum of €2 million (+ VAT if applicable) in real estate and/or government bonds.
  • Cyprus citizenship/passport is not a residence permit or a visa but rather full citizenship of the EU-member state.
  • There is no requirement to reside in Cyprus either before, during or after the approval of the citizenship application.
  • Granting of all the rights of an EU citizen: freedom to reside, work, do business, study and travel anywhere in the EU, Switzerland, Liechtenstein, Norway and Iceland.
  • VISA-free travel to 157 countries worldwide, including Australia and Canada amongst others.
  • Dual-citizenship permitted.
  • The citizenship is granted to the whole family – husband, wife and all financially dependent children under 28 years old.
  • No double taxation in Cyprus, international tax planning tool and financial confidentiality to the Cyprus passport holders.
  • Parents of the investor can obtain the Cyprus Citizenship with an additional permanent residence of €500.000
  • Complete process usually within 3 months.

Our Law Firm will assist with all matters and will be on hand to assist throughout the process to collate and present your completed application to the Cyprus Authorities.

Cyprus Citizenship by Investment FAQ’s

Upon filing the Cyprus Citizenship application, it usually requires 3 months before a decision is reached by the Ministry of Interior.
There is no requirement to live in Cyprus before, during or after receiving Cyprus Citizenship. Cyprus is the only country in the European Union granting Citizenship without residency requirements.
The Cyprus passport will be issued within a few days of receiving the naturalisation certificate upon successful granting of the Citizenship.
Properties purchased within 3 years of filling for Cyprus Citizenship are eligible. Additional property may be purchased so as to meet the total investment required.
To maintain your Cyprus Citizenship you must maintain ownership of a residential property in Cyprus of a value of at least €500,000. The additional investment such as government bonds, fixed deposits etc over that amount can be liquidated after a 3 year period.
Yes, Cyprus permits dual citizenship.
As the investor is not required to be a resident in Cyprus to obtain Citizenship, the property can be rented out or even sold provided a new property is purchased at a cost of at least €500,000.
The application fee for Cyprus Citizenship is €2000 per person. A further fee of €5000 per person is charged once the naturalisation certificate is issued.

Please click on the following link to see the full criteria on Cyprus Citizenship by Investment.

Government Fees

ApplicantSubmission FeeCertificate Fee
Adult Child (under 28)€2,000€5,000
Minor Child€80-

Country Comparison

RESULTEU PassportEU PassportEU Residence for 5 years (3 years then 2 years); passport after 6 years plus exam in EnglishEU Residency for 5 yearsEU Residence for 5 years; passport after 6 years plus exams in the Latvian language and history
TIMESCALE3 months12 - 14 months6 years10 years6 years
INVESTMENT AMOUNTEUR 2.000.000EUR 500.000 (or EUR 150.000 plus rent of a property for minimum EUR 16.000 for 5 years)GBP 2.000.000EUR 500.000EUR 250.000
DONATIONNot RequiredEUR 650.000 (plus EUR 50.000 for every adult family member and EUR 25.000 for under 18)Not RequiredNot RequiredNot Required
INVESTMENT DURATION3 years5 years5 years5 years5 years
INVESTMENT TYPEBonds or securities of Cyprus Companies, or Real Estate, or BusinessBonds and Real EstateBonds or securities of the UK companies (75%) and Real Estate or Deposit (25%)Bonds or Real Estate or BusinessReal Estate
PHYSICAL RESIDENCENo6-12 monthsNot to be absent for more than 450 days within first 5 years and not more than 90 days within the 6th yearYesNo
UnlimitedUnlimitedResidence in the UK, no working permissionFree travel in Schengen countries and residence in Spain, no working permissionFree travel in Schengen countries and residedence in Latvia, no working permission

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