Travel to 158 countries around the world with all the rights of residing, working and doing business in the EU..
One of the main objectives of the economic policy of the Republic of Cyprus is to further encourage Foreign Direct Investment and to attract high net worth individuals to settle and do business in Cyprus. Key factors that make Cyprus an attractive destination for investment, is the highly specialized human capital, the reliable legislative and regulatory framework, the stable tax system and the safety and stability conditions prevailing in the country.
Within this framework and taking into account the strong investor interest, the Government of Cyprus has established and revised a "Scheme for Naturalization of non-Cypriot investors by exception" on the basis of subsection (2) of section 111A of the Civil Registry Laws of 2002-2015, with specific incentives, terms and conditions and control procedures in order to prevent abuse.
On the basis of the Scheme, a non-Cypriot citizen, who meets one of the following economic criteria (A), either personally or through a company/ companies in which he/ she participates as a shareholder – in proportion to his holding percentage, or through investments done by his/her spouse or jointly with the spouse or even as a high-ranking senior manager of a company/ companies that meets one of the economic criteria (A), may apply for the acquisition of the Cypriot citizenship through naturalization by exception.
Travel to 158 countries around the world with all the rights of residing, working and doing business in the EU..
Double-taxation treaties with more than 40 countries. No inheritance tax and the lowest rate of corporate income tax in Europe..
Right for sale of the investment objects in 3 years, however the possession of at least €500,000 worth of residential property is required..
Purchase of a residential property for at least €2 million or acquisition of investment property for at least €2 million and residential property for at least €500,000..
A straight forward and time-efficient route, enabling applicants to have their application reviewed in 6 months from the day of submission..
Approved by the EU (being one of only two CIP programmes in Europe with official EU approval)..
Cyprus legislation permits dual citizenship..
No requirement to make a donation to the local government..
For the evaluation of the applications the form (M127) as well as the following documents must be submitted:
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