Investors can now apply for Cyprus Citizenship by making a stand-alone application (the
previous ‘collective investments’ application has been abolished), upon making an
investment under the new criteria which must be retained for a period of three years.
Types of Investment
1. INVESTMENT IN REAL ESTATE DEVELOPMENTS AND OTHER INFRASTRUCTURE
The applicant may invest at least €2.000.000 (Two Million Euro) for the purchase or
construction of property developments such as residential or commercial
developments, projects in the tourism sector or other infrastructure projects. The
investor may also invest in land which is appropriate for construction.
2. ACQUISITION AND INCORPORATION OF CYPRUS COMPANIES AND BUSINESSES
The applicant may incorporate, participate in or acquire a business or a company
established and operating in the Republic of Cyprus and the cost of the said
investment should exceed the amount of €2.000.000 (Two Million Euro).
3. ALTERNATIVE INVESTMENT FUNDS OR FINANCIAL ASSETS OF CYPRUS
The applicant may acquire units of at least €2.000.000 (Two Million Euro) of
Alternative Investment Funds which are established in Cyprus, licensed and
supervised by the Cyprus Securities and Exchange Commission.
This category includes the acquisition of financial assets of Cyprus businesses or
organizations such as bonds, bills and securities issued with the approval of the
Cyprus Securities and Exchange Commission by companies, which demonstrate
physical presence and substantial economic activity in Cyprus. The said financial
assets should be directed in financing the investment objectives of those companies
or organizations in the Republic of Cyprus.
4. COMBINATION OF INVESTMENTS
The applicant may invest €2.000.000 (Two Million Euro) in 2 or more of the above
If the applicant choses the combination of investments path then he is granted the
additional option of investing in special government bonds of the Republic of up to €
500.000 (Five Hundred Thousand) as part of the investment of €2.000.000 (Two
Million Euro). The bonds are issued for this purpose by the Public Debt Management
Office of the Ministry of Finance and should be held by the applicant for a period of
at least 3 years.
Terms and conditions
RESIDENTIAL PROPERTY: The applicant should be the owner of a permanent private
residence in the Republic of a value of at least €500.000 (Five Hundred Thousand). It
is noted that if the applicant invests €2.000.000 (Two Million Euro) in residential
property/ies and the investment includes a private residence of at least €500.000
(Five Hundred Thousand) which will be owned by the applicant for his lifetime then
the total investment is reduced from €2.500.000 (Two Million Five Hundred Thousand)
to €2.000.000 (Two Million Euro).
CLEAN CRIMINAL RECORD: The applicant should have a clean criminal record.
RESIDENCY IN CYPRUS: The applicant should be the holder of a permanent residence
permit in the Republic. However if the applicant does not hold such a permit an
application for acquiring the said permit can accompany the application for granting
For the period until the end of October 2016, applicants can chose under which
Scheme to apply, ie the revised Scheme of 13/09/2016, or the previous one of
14/3/2014. As from 1st November 2016, the revised Scheme comes in full effect and
the previous scheme is abolished.
For a deeper discussion on the above, please contact us.