Cyprus Investment Scheme
Cyprus offers fast track citizenship & passport with the right to live, work, study in all 28 EU member states.
Cyprus CIP is permanently closed
Citizenship scheme requires a minimum investment 2,150,000 euros in Cyprus.
New changes from May 15, 2019
The that the grant of citizenship is only at the sole discretion of the Cypriot Government and the Council of Ministers.
|1.||Investment in real estate, developments and infrastructure projects
The applicant should make an investment of at least EUR 2 million for the purchase or construction of real estate.
|2.||Purchase, establishment, or participation in Cypriot businesses and companies
The applicant must make an investment of at least EUR 2 million in the purchase, creation or participation in businesses or companies that are based and operating in the Republic. These businesses or companies should have a demonstrable and tangible presence in Cyprus and employ at least five Cypriot citizens.
|3.||Investment in Alternative Investment Funds or financial assets of Cypriot enterprises or Cypriot organizations licensed by the Securities and Exchange Commission
The applicant should purchase units amounting to at least EUR 2 million from Alternative Investment Funds (AIF). This criterion also covers the purchase of financial assets of Cypriot businesses or organizations for at least EUR 2 million, in the form of bonds, securities and debt securities.
|4.||Combination of the above investments
The applicant may invest in a combination of the above, provided that the total investment amounts to at least EUR 2 million. The applicant’s investment combination may include the purchase of special government bonds of the Republic of Cyprus of up to EUR 500,000.
In additional to the above investments, all applicants must buy a home as principal place of residence for EUR 500,000 plus VAT and all investments must be held for 3 years if not citizenship will be revoked. With the real estate option, the property can be included in the EUR 2 million investment.
In September 2016 , the Government of Cyprus introduced changes to its citizenship-by-investment program. The changes include the reducing of the minimum investment amount to EUR 2 million (from EUR 2,5 million) and the possibility to include the parents of the main applicant provided that an additional EUR 500,000 + VAT will be invested in the purchase of a private residence in Cyprus. Collective investment of EUR 5 million is abolished and extending processing time.