Cyprus Residency / Citizenship by Investment

Cyprus Citizenship and Residency

Security. Opportunity. Peace of mind.


European citizenship & passport for investors and their families. Live and work in the EU.


Cyprus is offering foreign investors investment programs that can lead to permanent residency and citizenship in order to stimulate the country's economy through job creation and capital.

The Cypriot immigration policy and legal framework now enable non-EU applicants to obtain Cypriot citizenship on an expedited basis, with approvals granted as fast as three months.

Applicants are not required to continuously live in Cyprus before or after citizenship approval.

There are no requirements to disclose the applicant's source of wealth or funds, there is no medical testing, and there are no language requirements.

International business executives, investors, and important persons who are active worldwide consider an alternative citizenship and passport a powerful tool for international tax planning and a safety net should the living conditions at home become unbearable. The applicant and his family receive full citizenship and passports.

The Cyprus passport is similar to the passports of Germany, France, or any other EU country.

Live, work or study in any of the EU countries

The immigration by investment programs of Cyprus provide for affluent persons of impeccable standing and repute, including their families, to receive citizenship on the basis of an investment in Cyprus. Once citizenship is granted, the applicant may live, work or study in any of the member countries of the European Union.

Visa free travel to over 160 countries, including the USA

Cyprus citizenship (EU citizenship) offers full European Union benefits, including Schengen borderless travel and a United States visa waiver. This means visa-free travel to more than 160 countries in the world, including the USA, Canada, Middle East, Africa, Asia, and most countries in North, Central and South America.

A better quality of life for the family

Cyprus is a safe country that enjoys a low cost of living index. The country has long been a vacation spot for Europeans and high net worth individuals who flock to the island for its sunny and warm climate year-round. Cyprus offers a modern infrastructure ranging from reliable phone and internet service to secure banking to well-established air and sea routes connecting the island to the European mainland and international destinations.

Permanent residency can be obtained through an investment in real estate with minimum market value of EUR 300,000.

Cyprus citizenship, i.e. the European passport, is available to qualified investors at a minimum investment of EUR 2,0 million. 

Please contact us for a detailed cost estimate or confidential consultation.  Our associated attorneys are ready to assist you with attaining your investment objectives and answer any questions you might have about the Cyprus Residency / Citizenship by Investment programs.    



Cyprus Residency / Citizenship by Investment

Program Information


Cypriot passport
The government of Cyprus is offering Cypriot citizenship (European citizenship) and passports to international investors who contribute to the country's economic development.

Cyprus has been a full member of the European Union since 2004. The island is located in the north eastern Mediterranean Sea, at the crossroads of Europe, Asia and Africa. The strategic location of the island has played an important role in its development as a financial center.


The Cyprus permanent residency program allow applicants to live in Cyprus indefinitely and lifts traveling restrictions and elaborate visa requirements across the EU.

The Cyprus Citizenship by Investment Program (CBI) offers affluent persons of impeccable standing to receive the Cypriot (EU) citizenship and passport on the basis of an investment in Cyprus. EU citizenship grants the permission to live, work or study in any country of the European Union.

Qualified candidates include international business executives, investors, public figures, VIPs, and important persons - many of which are are active worldwide - who meet the minimum application requirements.

There are no requirements to disclose the applicant's source of wealth or funds, there is no medical testing, and there are no language requirements.

Applicants consider an alternative citizenship and passport a powerful tool for international tax planning and as a safety net should the living conditions at home become undesirable.

The following provides a summary of the investment requirements. Please use our contact form to obtain a complete checklist of application documents which depends on the number of family members to be included.


Application Requirements / Eligibility for Cyprus Residency


To meet the residency program requirements an applicant must maintain a three year fixed deposit account with a Cyprus bank for an amount at least EUR 30,000. The funds deposited must emanate from sources outside Cyprus. Further, the applicant must provide evidence of secured annual income of at least EUR 30,000, originating from abroad.

Residency Investment Options


The minimum investment amount under the residency program is EUR 300,000 for a “first-time” sale residential property in Cyprus. The applicants’ presence at the time of purchase is not mandatory and can be facilitated by legal representatives. If desired, citizenship may be applied for after 84 months (seven years) in permanent residency status, having spent at least 180 days per year in Cyprus. 


Application Requirements / Eligibility for Cyprus Citizenship


To qualify under the regulations, a main applicant for citizenship must be at least 18 years of age and have a clean criminal record.

There are no requirements to disclose the applicant's source of wealth or funds, there is no medical testing, and there are no language requirements.

The main applicant may also add dependents to a citizenship application including his/her spouse, children, and parents to benefit under the Cyprus Citizenship by Investment program.

Citizenship Investment Options


The Citizenship by Investment program of Cyprus provides a method of obtaining citizenship for foreign nationals, with approvals issued in as little as 90-180 days.

To qualify for citizenship, the primary applicant may select one of two investment options:

Option #1: Residential Real Estate Investment
This option requires a minimum total investment amount of EUR 2,0 million in residential real estate.

The total investment amount must include a permanent personal residence valued at no less than EUR 500,000. The remaining investment amount of EUR 1.5 million must be made in residential real estate, to be held for a minimum of three years. If the personal residence is valued at EUR 2,0 million or more, then no additional investment is required.


Option #2: Other Investments
This option requires a minimum total investment of EUR 2,5 million.

Part of the investment must be a personal residence purchased for at least EUR 500,000.

The remaining investment amount of EUR 2,0 million can be made using a mix of the following, held for at least three years:

    a) Eligible Real Estate, such as residential, commercial, infrastructure or developed land, or
    b) Interest-bearing Cyprus Government Bonds (up to a maximum value of EUR 500,000), or
    c) Alternative Investment Fund (AIF) or financial assets of a Cyprus entity licensed by the Cyprus Securities and Exchange Commission, or
    d) Company formation or acquisition or participation where the applicant is a majority shareholder, with activities in Cyprus, and employing 5 Cypriot or EU nationals who have been residing in Cyprus for over five years, or
    e) a combination of any of the above.

  

Citizenship Application Timeline & Payments


Step 1 - Review and Select Qualifying Investment. Please use our contact form to receive a complete checklist of application documents and cost estimate for you and your family. If you apply for more than one family ask us about a group discount. There is no fee for this initial consultation. Our team can advise you on unique/specific searches or present investment options taking into account your investment preferences.

Step 2 - Prepare Citizenship Application. Collection of documents such as birth certificates,
marriage and divorce certificates, as well as police clearance that must be submitted with the application.

Step 3 - Receive Pre-Approval from Government Ministries. Obtaining pre-approvals to ensure full compliance and documentation before filing the formal application and before making an investment.

Step 4 - Submit Citizenship Application to Government. Finalizing the investment and submitting completed all application forms, including the fully executed contract of sales, escrow agreements and supporting documents.

Step 5 - Receive Cypriot Citizenship Certificate / Passport. After application approval this step entails traveling to Cyprus, taking an oath and providing signatures to finalize the process. The Cypriot Citizenship Certificate will be provided to you, and the EU passport can be issued in two hours.

   
The application process is expected to take about six months, with approvals granted within three to six months. Government filing fees and attorney fees are in addition to the investment minimums.  

Please use our contact form to obtain a complete checklist of application documents which depends on the number of family members to be included. If you are planning to apply for more than one family ask us about a group discount.

Why Cyprus?


With its warm and stable climate and convenient geographical position Cyprus is considered an attractive place for residence. At least 320 days of sunshine a year classify the island as one of the sunniest European locations.

Cyprus has recently been designated the 5th best relocation destination in the world by a report published by Knight Frank, a leading independent, global real estate consultancy firm. Ranked by key business and leisure indicators, Cyprus was the only European country alongside Switzerland to make it into the top five – ahead of London, Madrid and Monaco.

In addition to pleasant weather, the investment landscape in Cyprus is beneficial due to the island’s well-qualified labor force, attractive taxation and a reliable transport and telecommunications system. Cyprus ranks highly because of its favorable tax regime for new residents, particularly high net worth individuals. Recent studies conducted by global immigration experts deemed the Cyprus Citizenship by Investment program among the “best in the world”.

Cyprus has a modern, free-market, service-based economy, with an effective and transparent regulatory and legal framework, giving international investors and businesses confidence to invest, grow and prosper.

Advantages of Cyprus Residency

Living in Cyprus

The Permanent Residency Permit grants a Non-EU national the right to permanently reside in Cyprus with no renewal requirements. Once granted, the Permanent Residency Permit covers the whole family: the main applicant and spouse, their parents and dependents up to the age of 24.

Visa-Free Travel

Permanent residency lifts traveling restrictions and elaborate visa requirements across the EU, facilitating access to the Schengen zone. Visa-free travel covers a growing list of countries, including Germany, France, Italy, Luxembourg and the Netherlands. For other countries, a simplified visa is available to permanent residency holders. (Note: Cyprus citizenship allows visa-free travel across all 26 "Schengen Area" countries.)

Fast Track Application Processing

Fast track application procedure - all applications are reviewed by the Civil Registry and Migration Department and the Ministry of Interior grants final approval within 3-6 months from the date of filing. The application can be processed in the applicant’s absence and filed on their behalf.

Favorable Tax Structure

Becoming a citizen of Cyprus does not have any tax implications unless you reside in the country for over 183 days during the year. A Cyprus tax resident is exempt from tax on worldwide dividends and interest income for a period of 17 years. In addition to this, a Cyprus tax resident is exempt from tax on gains on disposable of securities. This is recognized as the most attractive personal income tax regimes in the onshore tax world.

Advantages of Cyprus Citizenship

No Donations

Unlike other citizenship by investment programs, the Cyprus option does not require any donations, i.e. non-refundable contributions to the government. Instead, the program is purely investment-based, which means you retain full ownership of the investment. 

No Requirement to Physically Reside in Cyprus

The applicant and his/her dependents are not required to reside in Cyprus before the filing of an application, or after obtaining Cypriot Citizenship. There is no residency requirement, whatsoever.  
 

Free Movement of Persons

Freely travel, reside, study and work within the 28 countries of the EU, as well as Switzerland, Norway, Iceland and Liechtenstein.

The whole family can obtain Cyprus Citizenship i.e. the main applicant, his/her spouse, children under 18 years, and adult children (ages 18 to 25) who are students. All can travel, reside, study and work freely within the EU.

Parents may be included in the citizenship application provided they own a separate residence with a minimum acquisition cost of EUR 500,000.

Free Movement of Services

Individual citizens and their companies can offer services within EU member states without obstacles.

Free Movement of Capital

Cypriot passport holders can transfer funds between EU member states, purchase property in any preferred EU country, and invest in any type of business venture.

Free Movement of Goods

All goods produced in EU member states can be freely transferred between countries of the European Union.

Attractive Tax System

Cyprus is an attractive financial center due to its highly favorable tax system and strategic location at the crossroads of three continents – Europe, Africa and Asia. Becoming a citizen of Cyprus does not have any tax implications unless the applicant moves to the country.

High Standard of Living

Cyprus presents a high standard of living due to its access to reputable private schools, trustworthy private medical facilities and having among the lowest crime rates within Europe.

Visa Free Travel

Cypriot passport holders do not require a visa to travel within the EU and also to travel to over 159 non-EU countries.


Please contact us for a detailed cost estimate or confidential consultation.  Our associated attorneys are ready to assist you with attaining your investment objectives and answer any questions you might have about the Cyprus Residency / Citizenship by Investment programs.
 


Cyprus Residency / Citizenship by Investment

Frequently Asked Questions (FAQ)


Cyprus passport
The following are questions frequently asked about the Cyprus Immigration by Investment programs. If you don't find your answers here, please contact us at your convenience. 
 

Q: What are some of the reasons the Cyprus citizenship by investment program is attracting so many international investors?

A: International business executives, investors, and important persons who are active worldwide consider an alternative citizenship and passport a powerful tool for international tax planning and a safety net should the living conditions at home become unbearable.

Applicants realize that the Cypriot citizenship provides several benefits, including:
   • Visa free travel to over 160 countries, including the USA, Canada, and Europe
   • Retirement in a safe country with a warm climate
   • A better education for the applicant’s children
   • Children and grand children gain visa free travel and the right to live, work, or study in many countries
   • A better quality of life for the family, including better healthcare and an unpolluted environment
   • Relatively low real estate prices
   • Personal security
   • Tax advantages
   • Freedom associated with having multiple passports




Q: What is the minimum investment required to obtain the Cyprus residency?

A: The minimum investment amount is EUR 300,000 for a “first-time” sale residential property in Cyprus. The applicants’ presence at the time of purchase is not mandatory and can be facilitated by legal representatives.



Q: What is the minimum investment required to obtain the Cyprus citizenship (EU citizenship)?

A: The minimum investment amount is EUR 2,0 million for the citizenship (European passport).

To qualify for citizenship, the primary applicant must be over 18 years of age and select one of the following options:

Option #1: Residential Real Estate Investment

This option requires a minimum total investment amount of EUR 2,0 million in residential real estate.

The total investment amount must include a permanent personal residence valued at no less than EUR 500,000. The remaining investment amount of EUR 1.5 million must be made in residential real estate, to be held for a minimum of three years.

If the personal residence is valued at EUR 2,0 million or more, then no additional investment is required.

Option #2: Other Investments

This option requires a minimum total investment of EUR 2,5 million.

Part of this investment must be a permanent personal residence purchased for at least EUR 500,000.

The remaining investment amount of EUR 2,0 million can be made using a mix of the following, held for at least three years:    

    a) Eligible Real Estate, such as residential, commercial, infrastructure or developed land, or
    b) Interest-bearing Cyprus Government Bonds (up to a maximum value of EUR 500,000), or
    c) Alternative Investment Fund (AIF) or financial assets of a Cyprus entity licensed by the Cyprus Securities and Exchange Commission, or
    d) Company formation or acquisition or participation where the applicant is a majority shareholder, with activities in Cyprus, and employing 5 Cypriot or EU nationals who have been residing in Cyprus for over five years, or
    e) a combination of any of the above.




Q: Will the Cyprus citizenship automatically grant me European citizenship?

A: Yes. Because Cyprus is a member of the European Union its citizens are automatically European citizens, which means you are allowed to live, work or study anywhere in Europe.



Q: Under the citizenship program, can I include my family in my application?

A: Yes. All investment options to citizenship allow for dependents. ‘Dependent’ refers to: (1) children under the age of 18, (2) adult children between the age of 18 and 25 who are students, and (3) parents if they purchase their own residence with a value of at least EUR 500,000. Neither the spouse nor the children are required to make any additional financial investments.



Q: As a citizen, am I required to live in Cyprus?

A: No. Cyprus does not require you to be present or reside in Cyprus before or after approval of your citizenship application.



Q: As a citizen, am I required to own real estate in Cyprus?

A: Yes. Every main applicant must be the owner of a permanent residence in Cyprus, with a market value of at least EUR 500,000 plus VAT. Members of the same family - but filing separate applications - may pool their resources provided that the total amount of the residence/house covers the amount of EUR 500,000 for each applicant. However, the country does not require you to be present or reside in Cyprus.



Q: Will my citizenship expire?

A: No. When you acquire citizenship under the Cyprus citizenship program, you and your family enjoy full citizenship for life, which can be passed on to future generations by descent.



Q: How long does it take to get the citizenship and passport? What is the process?

A: Typically, application processing takes six months, with approvals being granted within three to six months.

Step 1 - Review and Select Qualifying Investment. Our team can advise you on unique/specific searches or present investment options taking into account your investment preferences.

Step 2 - Prepare Citizenship Application. Collection of documents such as birth certificates,
marriage and divorce certificates, as well as police clearance that must be submitted with the application.

Step 3 - Receive Pre-Approval from Government Ministries. Obtaining pre-approvals to ensure full compliance and documentation prior to filing the formal application.

Step 4 - Submit Citizenship Application to Government. Finalizing the investment and submitting completed all application forms, including the fully executed contract of sales, escrow agreements and supporting documents.

Step 5 - Receive Cypriot Citizenship Certificate / Passport. After application approval this step entails traveling to Cyprus, taking an oath and providing signatures to finalize the process. The Cypriot Citizenship Certificate will be provided to you, and the EU passport can be issued in two hours.




Q: Does Cyprus allow me to keep my original citizenship?

A: Yes. There are no restrictions on dual citizenship in Cyprus. 



Q: How will new citizens be taxed?

A: Becoming a citizen of Cyprus does not have any tax implications unless you move to the country. Individuals are considered as a tax resident of Cyprus if they spend more than 183 days per year in Cyprus. Tax residents are taxed on all chargeable income that is accrued or derived from any source in Cyprus and abroad. Nontax residents are only taxed on certain income accrued or derived from a source in Cyprus. Any foreign taxes that are paid can be credited against personal income tax liability.

Personal tax on income generated in Cyprus is taxed at progressive rates up to 35%. The corporate tax rate is 12.5%. VAT



Q: Can you help me find a real estate agent in Cyprus?

A: Yes. We would be happy to help you find your ideal residential and/or commercial property. Our professional relationships in Cyprus guarantee to our clients a smooth, comprehensive service that includes identifying suitable properties, providing transport for property viewings, drafting/reviewing legal contracts, and/or liaising with local notaries and architects as needed.
 


Q: Can you help me with finding a job?

A: Sorry, the immigration by investment programs were developed by the government to attract high net worth individuals, business owners, VIPs and other individuals with the financial means to support themselves and the local economy. Please note: New citizens do not need any work permission; they may work in any of the EU member countries. New residents may apply for a work permit, but would need to find their own employment opportunities.



Q: Can you help me get a tourist or a student visa?

A: Sorry, we cannot assist with tourist or student visas. However, if your intent is to file an application for residency or citizenship we may assist with the initial travel visa to schedule an in-person appointment at our offices.



Q: What are the major differences among the various immigration by investment programs?

A:  The Bulgaria Citizenship by Investment Program provides the applicant with several investment options starting at EUR 375,000 for European citizenship and passport after five years in residency status. The "fast track option" starts at EUR 660,000 and shortens this period to only 18 months.

The Cyprus Citizenship by Investment Program provides the applicant with several investment options starting at EUR 2,0 million for immediate European citizenship and passport. The entire citizenship application process can be as fast as 90 days.

The Greece Golden Visa allows non-EU applicants to file for Greek residency by way of a EUR 250,000 investment in local real estate. The applicant may file for Greek citizenship after seven years of permanent residency.

The Malta Individual Investor Program provides the applicant with European citizenship in return for a non-refundable donation to the Maltese government in the amount of EUR 650,000 plus a EUR 150,000 investment in approved securities and an investment in real estate. The IIP application process can take between six months and two years to complete. For applicants who are only seeking Malta residency and Schengen travel benefits, options start at an annual recurring expense of EUR 24,000. 

The Monaco Residency / Citizenship Program allows applicants to file for Monaco residency by proving access to sufficient accommodations and financial self-sufficiency. The applicant may file for Monaco citizenship after ten years of permanent residency.

The Portugal Golden Residence Permit Program requires an investment of EUR 350,000 in real estate, or the transfer of 1 Million Euro, or the creation of 10 new jobs in Portugal. After six years of Portuguese residency, citizenship can be applied for.

The Spain Golden Visa requires a EUR 500,000 minimum investment in real estate, or a 1 Million Euro asset transfer, or a 2 Million Euro securities investment, or the creation of a new government-approved business project in return for Spanish residency. After 10 years of residency the applicant may file for citizenship.


Outside of the EU, citizenship by investment programs include those offered by Canada, the United States of America, and the Caribbean nations of Antigua & Barbuda, St. Kitts & Nevis, Grenada, Dominica, and St. Lucia:

Canada offers several residency by investment options, leading to citizenship if desired, starting at CAD 200,000.

The United States EB-5 Program leads to permanent residency status and citizenship in the United States for a minimum investment of USD 500,000 in a commercial enterprise in the U.S. that generates at least 10 jobs for Americans. After five years as a permanent resident the investor may apply for U.S. citizenship.

The Caribbean nations of Antigua & Barbuda, St. Kitts & Nevis, Grenada, Dominica, and St. Lucia offer citizenship programs requiring a cash contribution of at least USD 100,000.



Q: What does "Schengen Area" mean?

A: The Cyprus citizenship allows you to travel without restrictions across the "Schengen Area" of the European Union. The Schengen Area is a group of 26 European countries that have abolished passport and immigration controls at their common borders. It functions as a single country for international travel purposes, with a common visa policy. Source: Wikipedia

 
Please contact us for a detailed cost estimate or confidential consultation.  Our associated attorneys are ready to assist you with attaining your investment objectives and answer any questions you might have about the Cyprus Residency / Citizenship by Investment programs.
 


Cyprus Residency / Citizenship by Investment

Contact Us for a Free Consultation


Cyprus Passport
Contact us for a free, detailed cost estimate or confidential consultation by email (or phone / office visit, if preferred).

We will reply to your inquiry by email within one hour!

Alternatively, we would be happy to arrange an in-person meeting at the offices in Cyprus at a time and date convenient for you.

Our immigration associates in Cyprus are working exclusively on Citizenship & Residence matters and will stand by your side throughout the entire application process, from start to finish. The team will work with you until your residence or citizenship by investment application has been approved and you have received your residence certificate or Cyprus (EU) passport.

Do you have any questions? Use our contact form to receive a reply today.
 

Contact Form

Salutation
First name
Last name
E-mail address
 Phone (+ country code)
 Skype (optional)
Address
 
 
 
Please select which program you are interested in:
 
EU: Cyprus Permanent Residency Program. Residency from EUR 300,000.
 
EU: Cyprus (EU) Citizenship Program. Starting at a one-time investment of EUR 2,0 million.
 
Other: describe below
 
Briefly describe your situation and the number of family members to be included:

 
 

Zenturo Ltd.

Residency & Citizenship by Investment Programs Worldwide

  CYPRUS:

75, Prodromou Ave, Suite 105
2063 Nicosia, Cyprus

MALTA:
394A / 395A, Triq il-Kbira San Guzepp
Santa Venera VLT 1122, Malta

Tel: +356 9950 5515

Company Registration No.: C-39472
VAT ID: MT-18142026

Zenturo Ltd