Benefits of obtaining Cyprus Citizenship
Restriction Free Travel
Freely travel, reside, study and work within the EU.
Cypriot Citizenship Can Be Obtained by Most Family Members
Spouse of applicant, children under 18 years, and adult dependent children (over 18 years and up to 28 years).
Free Movement of Capital
Take advantage of the benefits of transferring any amount of money from any Member State to another, being able to purchase property in any EU Member State and having the opportunity to invest in any legal activity.
Free Movement of Goods
All goods produced in EU Member States can be transferred freely from any Member State to another.
No Requirement to Physically Reside in Cyprus
Either before the application or after obtaining the citizenship.
The new conditions of obtaining Cyprus Citizenship by Exception through direct investment in the Republic of Cyprus were approved on 13th September 2016.
The required investment amount for an individual is €2 million
The funds can be invested/deposited into one of the following:
Applicant’s Parents are eligible to apply for Cyprus Citizenship if:
they own a permanent residence in Cyprus of a market value of at least €500.000 excluding VAT (Applicant and his/her parents can purchase one residential property of a market value of at least €1.000.000 excluding VAT).
In addition to investing in Cyprus economy, the applicant is obliged to:
No Greek language proficiency is required.
Applicant does not become a tax resident in Cyprus, unless he/she spends more than 183 days in any one calendar year.
The approval of Citizenship under the relevant Decision is granted by the Cyprus Council of Ministers.
The application package is submitted to the Ministry of Interior. The Ministry of Finance assesses the financial criteria.
The application of the spouse is submitted concurrently with the application of the main applicant. Upon the approval of these applications, children’s applications follow.
After the thorough examination of the application by the two Ministries, it is later presented to the Council of Ministers.
It usually takes approximately 6 months for the application to be processed.
The Council of Ministers has complete discretionary power regarding these decisions.
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