Cyprus Citizenship by Investment Program
Cyprus' Citizenship by Investment Program was established in 2016 to attract foreign direct investment from high net worth individuals. It offers the fastest way to obtain EU citizenship, taking only six to eight months to process an application. Besides, applicants are not required to reside in the country at all. To apply for citizenship, investors need to buy property in Cyprus for at least € 2,000,000 and contribute € 150,000 in government funds. After five years, applicants can reduce their property investment to € 500,000, which needs to be maintained indefinitely.
Which Family Members Can Be Added in the Same Cyprus Citizenship by Investment Application?
Cyprus is a wonderful island with long, white beaches, warm and friendly people, delicious food, and even some ancient traditions. The archeological sites in the country form fantastic sceneries enticing more people to acquire the Cyprus passport.
Cyprus Passport Benefits
Cyprus citizenship by investment cost
- Processing fee€2,000 per adult
€80 per child under 18 years
- Real Estate Investment€2,000,000
- Government support€75,000 to the Research and Development Fund
€75,000 to the Land Development Organization
- Legal fees€40,000
Cyprus Visa Free Countries
Over the past several years, the government of Cyprus has been successfully working on expanding its list of Visa-free countries. For now, holders of a Cypriot passport have Visa-free access to 174 countries.