Cyprus Citizenship By Investment Program

This Program is in Suspension at the moment.
Below details are for the purpose of information only.

Cyprus Citizenship by Investment program is a highly attractive route for foreigners to EU citizenship. However, presently, this program presents an opportunity to obtain due Cyprus citizenship in a duration of only 3 to 6 months, helping these individuals avail the perks of an EU citizen. It is simple, but it costs a lot of money.

How Does the Cyprus Citizenship by Investment Program Work?

The Cyprus Immigration by Investment provides you with step-by-step procedures including a background check by the Cypriot administration. This can ensure that applicants are not criminals and meet the legal guidelines for citizenship. Processing time for the program is typically around six months.

Eligibility for Cyprus Citizenship by Investment

This program also qualifies foreign investors and their immediate family members for citizenship in Cyprus. The eligible family members include:

• Spouse of the applicant
• If unmarried, children who are full-time students under the age of 28
• Dependent parents (parent + more asset)

Physical Residency Requirement

However, there is no long-term physical residency requirement for the applicant in Cyprus and applicants need to visit Cyprus at least once in 7 years on the basis of which their citizenship remains valid.

Benefits of Cyprus Citizenship

There are a lot of benefits of Cyprus citizenship, which makes it one of the most appealing options for investors:

• EU Citizenship: Cypriot citizenship means freedom to live, work, and study in any EU country.
• Favorable Tax Advantages: Cyprus boasts one of the best tax regimes in the world. Worldwide income is not taxed for non-domiciled taxpayers. Cyprus has also set affordable corporate tax rates.
• High Standard of Living: Cyprus has pleasant Mediterranean weather, a developed economy, and a high standard of living
• Healthcare and Education: Citizens benefit from high-standard healthcare and education systems that are in line with EU laws.

Controversies and Considerations

Cyprus Citizenship by Investment Program is also not free of controversies, especially relating to money laundering or security threats. You are advised to do your research before making any investment decisions. Compliance with all relevant regulations is necessary for a successful application.

Process Timeline for Cyprus Citizenship

• Application: After submitting all necessary documents and meeting the investment requirements, the application is processed.
• Background Check: The Cypriot government conducts a detailed background check on applicants and their family members.
• Approval: Cyprus citizenship is granted within 3 to 6 months if everything is in order.
• Citizenship Certificate: The applicant and their family receive their Cyprus citizenship certificates.

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