You can qualify for Cypriot citizenship by investing a minimum of €2 million in real estate or by contributing €2.5 million to the country’s economy through a donation or investment. Another option is to marry a Cypriot citizen and reside in the country for at least three years.
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To qualify for Cypriot citizenship, there are several routes available. The most common and straightforward option is through investment. According to the Cyprus Investment Programme, an individual can obtain citizenship by investing a minimum of €2 million in real estate, purchasing a home, or buildings, land development projects, or infrastructure projects. The investor must keep the real estate investment for at least five years, but they can sell some of the properties afterward.
Another way to qualify for citizenship is through a direct investment. An investor can contribute €2.5 million to the country’s economy through a donation or investment. The investor must also keep this investment for at least five years.
Additionally, an individual can qualify for citizenship by marrying a Cypriot citizen and residing in the country for at least three years. Successful applicants must pass a security check and demonstrate a clean criminal record.
In addition to these paths, there is a fast-track route available for investors who choose to invest at least €5 million in real estate or direct investment. This enables applicants to receive citizenship in an expedited manner.
In terms of benefits, obtaining Cypriot citizenship is highly advantageous as Cyprus is a member of the EU, offering visa-free travel to 173 countries. Moreover, Cyprus has a flat tax rate of 17% for non-domiciled individuals; low crime rate and beautiful climate and landscape.
In conclusion, Cyprus offers various paths to citizenship, with the investment option being the most popular. The country is a beautiful and welcoming destination for those seeking a new home. As stated by the famous Greek philosopher Aristotle, “Citizenship: the status of the free man of a state.”
Below is a table outlining the main requirements for each route:
Route to citizenship | Investment required | Residency requirement |
---|---|---|
Investment | €2 million in real estate | None |
€2.5 million in direct investment | None | |
Marriage | None | 3 years residency |
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The two million euro investment in real estate for five years and having a personal home worth at least half a million euros, along with two donations totaling 150,000 euros and fees allows investors to acquire Cyprus citizenship through investment. While they are not part of the Schengen area and still require a US visa, Cyprus citizenship can be obtained comparatively faster and with less stringent requirements than Malta. The EU membership and high-quality passport of Cyprus citizenship are significant pros; however, shutting down the investment program remains a risk. Additionally, there is a lack of domestic support systems to maintain the high volume of investments, making it potentially not worth the high price point.
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Application for Cyprus citizenship can be submitted by foreigners who have completed a total of 7 years of legal residence in Cyprus (2555 days of staying in Cyprus) before the application date. The applicant must have resided continuously in Cyprus through the last 1 year before applying.
How Can I Acquire Cyprus Nationality / Citizenship
- Born in Cyprus or after to at least one Cypriot parent
- Born abroad on or after 16 August 1960 to at least one Cypriot parent
- If born to Cypriot mother before 1999 nationality will come via descent.
- From birth (application by parents)
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Any foreigner who is over the age of 18 can apply for Cypriot citizenship on the condition that they have a clean criminal record, and have legally resided in Cyprus for a total of seven years – or 2,555 days – prior to their application date.
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