Cyprus Citizenship by Investment – The Ultimate Guide by Experts

Cyprus citizenship by investment is a highly popular program that allows investors of high net worth to obtain citizenship in Europe in as little as 6 months.

In this guide, you can find out more about:

Your guide to citizenship by investment in Cyprus

Table of Contents

Citizenship by investment programs allow individuals to obtain citizenship through making an investment in the country, usually in real estate or government bonds. In Cyprus, you can acquire citizenship by investment through a combination of real estate purchases and contributions to government funds.

Scheme for Naturalization of Investors in Cyprus by exception

Officially known as the Scheme for Naturalization of Investors in Cyprus by exception, the program was first proposed in 2013, and officially implemented in 2016. Since then over 3,000 investors have obtained citizenship in Cyprus. The program has sought to bring large-scale investment to Cyprus and has been incredibly successful in this respect. In recent years, the Cypriot government has developed a more rigorous vetting process, ensuring that only investors of solid moral standing can obtain citizenship through the scheme.

Benefits of Cyprus citizenship by investment

Cyprus is a full member of the EU and is also currently in the process of becoming part of the Schengen Area. So far Cyprus has been unable to join the Schengen Area due to its territorial division following the events of 1974. The Greek area of Cyprus has used the Euro as official currency since January 2008.

1  – Freedom of movement within the EU

Cyprus passports entitle bearers to freedom of movement throughout the European Union, as well as the right to live, work and study throughout Europe. This gives you and your family access to all the benefits Europe has to offer, including world-class healthcare and education.

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3 – Visa-free travel

With a Cyprus passport, you can travel to over 150 countries worldwide without a visa, or obtain a visa on arrival.

4 – Obtain citizenship in Cyprus fast

One of the key benefits of the Cyprus citizenship by investment program is that your application can be approved in just 6 months, making it one of the fastest routes to European citizenship.

5 – Passports for your whole family

The Cyprus citizenship by investment program allows you to bring dependents with you on a single application, including spouses, parents, and children up to the age of 28. This means you can obtain European citizenship for your whole family.

6 – Tax efficiency

Cyprus does not tax non-domiciled residents. This means that if you maintain residence in another country, you will not have to pay tax in Cyprus. There is also no tax on dividends or inheritance.

7 – Stable and secure country

Cyprus is a small nation with a population of just 5 million and is consistently ranked as one of the safest places in the world. There was also a growth of 3.2% in GDP recorded in 2019, with the coming years projected for a continuous and stable increase.

8 – No residency requirement

There is no residency requirement, meaning that investors are not obliged to live in Cyprus prior to, during or after the application process.

9 – No language requirement

There are no tests or language requirements for Cyprus citizenship by investment.

Cyprus Passport

Eligibility for Cyprus citizenship by investment

In order to be eligible for Cyprus citizenship by investment:

  • The main applicant must be over the age of 18
  • The applicants must have a clean criminal record

Cyprus citizenship by investment requirements

A series of requirements must be fulfilled in order to apply for Cyprus citizenship by investment.

Residence requirement

In order to qualify for citizenship by investment in Cyprus, investors must declare residency for at least 6 months in the country. This does not mean that applicants must be physically resident in the country, but they must be registered as residents for at least 6 months before obtaining citizenship.

Funds must come from a reputable source

It is essential that the funds used to invest in the citizenship program in Cyprus can be proven to be from a reputable source, if not, your application may be refused.

Submission of biometric data

The main applicant and any additional dependents must all submit their biometric data in order to acquire citizenship.

Criminal background check

In recent years Cyprus has become increasingly vigilant in performing extensive background checks on those who apply for the program. Thorough checks are done to ensure that investors are of high moral standing.

It is required that investors:

  • Have not previously been denied citizenship to another EU country
  • Have a clean criminal record
  • Not be subject to any criminal investigation
  • Must not be facing criminal prosecution
  • Are not or have not in the past been associated with companies or legal entities restricted in the European Union
  • Must not be on the wanted lists of EUROPOL or INTERPOL

Must not be “politically exposed person”

The Cyprus citizenship by investment program also bars applications from “politically exposed persons”, specifically those who have held office in the past 5 years, and relatives or spouses of those who have held office in the past 5 years. This includes members of parliament, heads of state, government ministers, members of governing bodies of political parties, members of courts of judicial bodies, ambassadors, high-ranking officers of the armed forces, high-ranking functionaries of state-owned enterprises, or mayors.

Cyprus citizenship by investment options

All routes to real estate investment in Cyprus involve a minimum €2 million real estate investment, which must be maintained for at least 5 years.

Donations to government funds in Cyprus

Applicants must also make two obligatory donations to government funds:

  • €75,000 to the Cyprus Land Development Corporation
  • €75,000 to the Research and Innovation Foundation (or alternatively an investment to a government-approved innovative enterprise)

Permanent real estate investment

Of the total investment sum, at least €500,000 must be in the form of a permanent resident for the main applicant. This residency must be kept for as long as the applicant holds Cyprus citizenship.

Investment options

Purchase or construction of residential or commercial real estate, infrastructure or developments

  • Residential real estate investments must total €2 million (including €500,000 purchase of permanent residence)
  • Commercial investments must total €2 million (not including €500,000 purchase of permanent residence)

Purchase or creation of Cypriot businesses or companies

  • At least €2 million in a business or company based in Cyprus, with at least 5 Cypriot employees

Investment in financial assets of Cypriot business or investment bonds

  • At least €2 million in investment funds approved by the Cyprus Securities and Exchange commission

A combination of the above investments

  • Investments must come to the total of €2 million (not including the purchase of €500,000 permanent residence)

Applicants must maintain their investments for a period of at least five years, after which they can sell their assets, provided they keep a property for personal residence at the value of at least €500,000. This personal residence must be kept for as long as the investor maintains Cypriot citizenship.

Cyprus citizenship by investment processing fees

Processing fees charged by the government are not included in the minimum investment total for each option. 

Government processing fees

The following fees are charged separately:

Citizenship by investment application fee

  • €2,000 per adult applicant (€80 per child under 18)

Certificate issuance fee 

  • €5,000 per adult applicant (none for children under 18)

Passport issuance fee

  • €120 per person

ID card issuance fee

  • €30 per person

Lawyer’s fees

Lawyer’s fees apply for the processing of the citizenship application and the purchase of the property. This typically amounts to around €30,000 – €40,000 per family.

Tax treatment for new Cypriot citizens

Tax in Cyprus is not charged based on citizenship but by residency, and individuals are considered a tax resident in the country only when they spend more than 183 per year there. Citizenship by investment applicants are required to keep a residence in Cyprus, but not to be resident in the country. This means that non-resident citizens are not liable to pay tax on international income earned outside of Cyprus.

In addition, residents and citizens can benefit from:

  • One of the lowest income tax rates in Europe
  • One of the lowest corporate tax rates in Europe
  • No tax on interest, dividends or royalties earned outside of Cyprus
  • No tax on personal income earned outside of Cyprus
  • No inheritance tax (under certain conditions)

Cyprus citizenship by investment application process

Cyprus citizenship by investment can be obtained in 6-8 months, and is one of the fastest routes to citizenship in Europe.

Step-by-step guide

STEP 1: Register for residency

It is essential to register for Cyprus residency at the beginning of the process, as you must be a resident for at least 6 months in order to obtain Cypriot citizenship. This requires a visit to Cyprus.

STEP 2: Choose investment route

Select your investment route, ensuring all investments meet the total sum and fulfill all requirements. Pay for your investment in full.

STEP 3: Prepare supporting documents

Ensure that you have all the necessary documentation in order to proceed with your application.

STEP 4: Submit application

Officially file your application for citizenship by investment in Cyprus and pay all the correct fees.

STEP 5: Await formal acceptance

You will then receive a formal acceptance of your application for citizenship.

STEP 6: Passport issuance

You will need to visit Cyprus in order to take an oath of allegiance and submit biometric data before you can be issued your Cypriot passport.

Cyprus citizenship by investment timeline

First day: Register for residency

1 month: Make investments and submit application

6 months: Receive confirmation of acceptance of application

6-8 months: Passport issued

Required documents for Cyprus citizenship by investment

You will require the following documents in order to complete your application for Cyprus citizenship by investment (as well as official and certified translations):

  • Passport from country of origin
  • CV for main applicant, plus any adult dependents
  • Birth certificate
  • Criminal record certificate
  • Marriage certificate
  • 3 passport photographs
  • Documents proving evidence of required investments

How can Global Citizen Solutions help me?

Investors can encounter many difficulties when applying for citizenship or residency, which is why it is beneficial to have an expert provide you with personalized assistance throughout the process.

This can help you by:

  • Minimizing the visits you have to make to the designated country
  • Having someone who works solely on your behalf
  • Reducing hassle
  • Getting the inside knowledge from someone with years of experience of the market

Frequently asked questions about Cyprus citizenship by investment

How can I get Cyprus citizenship?

It is possible to obtain citizenship in Cyprus through making an investment of at least €2,150,000 in the country through an investment that fulfills the official requirements. You can acquire citizenship in as little as 6 months.

Is there a language requirement?

There is no language requirement for citizenship by investment in Cyprus.

Can I bring my family with me?

Yes, you can bring your spouse, children (up to the age of 28), and parents (subject to certain conditions).

Is Cyprus a member of the European Union?

Yes, Cyprus is a member of the European Union.

How much does Cyprus citizenship by investment cost?

Cyprus citizenship by investment costs a minimum of €2,150,000.

Can I pass Cypriot citizenship on to my children and grandchildren?

Yes, children of Cyprus citizens are automatically eligible for citizenship, which means you can pass on European citizenship to your children and grandchildren.

Can my Cyprus passport be revoked?

Yes, your Cyprus citizenship can be revoked if you do not fulfill the requirements of the program, such as if you sell your required investments before 5 years, or if you sell your permanent residence in Cyprus. You can also have your Cypriot citizenship revoked if you are revealed to be involved in criminal activity.

Can I buy Cyprus citizenship?

It is not possible to buy citizenship, however you can obtain citizenship through investment in Cyprus.

Can I use Bitcoin for Cyprus citizenship by investment?

Bitcoin is not an accepted form of payment for citizenship by investment in Cyprus.

Is Cyprus citizenship by investment the best in Europe?

If you are looking to obtain citizenship in Europe fast, then Cyprus is the best place to invest as you can acquire citizenship in just 6 months.

Does Cyprus allow dual citizenship?

Yes, Cyprus does allow dual citizenship, which means that you can keep your citizenship from your country of origin if you want to.

Can I make multiple investments for Cyprus citizenship?

Yes, you can make multiple investments to be eligible for Cyprus citizenship by investment, so long as they add up to the required amount.

Do I need to have a permanent residence as long as I have Cyprus citizenship?

Yes, you must maintain a permanent residence of the value of at least €500,000 in order to maintain Cypriot citizenship.

Can I rent out my Cyprus residence?

Yes, you can rent out the real estate you own in Cyprus.

Is Cyprus part of the Schengen Area?

Cyprus is not a part of the Schengen Area. There are currently plans to join, however, the division between Turkish Cyprus and Greek Cyprus remains an obstacle.


How can I get Cyprus citizenship?

It is possible to obtain citizenship in Cyprus through making an investment of at least €2,150,000 in the country through an investment that fulfills the official requirements. You can acquire citizenship in as little as 6 months.

Is Cyprus a member of the European Union?

Yes, Cyprus is a member of the European Union.

How much does Cyprus citizenship by investment cost?

Cyprus citizenship by investment costs a minimum of €2,150,000.

Is Cyprus citizenship by investment the best in Europe?

If you are looking to obtain citizenship in Europe fast, then Cyprus is the best place to invest as you can acquire citizenship in just 6 months.