The Cyprus Citizenship by Investment Program is a popular option for foreign investors seeking to obtain European Union citizenship.

Process: 
The application process typically takes around six months and includes a thorough background check by the Cypriot government to ensure the applicant does not have a criminal record.

Once approved, the applicant and their family members (spouse and children under the age of 28) are granted Cypriot citizenship, which allows them to live, work, and study in any EU country.

Benefits: 
Cypriot citizenship offers several benefits, including access to the EU’s education, healthcare, and business opportunities.

Cyprus has a favorable tax regime, including no tax on worldwide income for non-domiciled individuals and favorable corporate tax rates.

Cyprus has a high standard of living, with a strong economy and a pleasant Mediterranean climate.

It is important to note that the Cyprus Citizenship by Investment Program has been subject to criticism and controversy, particularly regarding potential risks of money laundering and security concerns. As with any investment program, it is important to conduct thorough research and consult with a qualified professional before making a decision.

Investment requirement:

Donate € 150,000, hold a main residence worth € 500,000 in residential for lifetime and invest at least € 1,500,000 in the purchase or construction of buildings

Physical Residency: 

Visit Cyprus once in every 7 years

Citizenship: 

Direct Cyprus citizenship within 3 to 6 months.

Eligible Family Members:

1. Spouse
2. Children under 28 (if they are currently full-time students and unmarried)
3. Dependent parents (can be included with additional investment)