About Cyprus

Total Area9,251 km²
Population1.17 million
LanguagesGreek and English
CurrencyEuro (EUR)

Cyprus has been a full member of the EU since 2004. The island is located in the south-eastern Mediterranean Sea, at the crossroads of Europe, Asia, and Africa. The strategic location of the island has played an important role in its development as a financial centre. 

Cyprus, with its warm and stable climate and convenient geographical position, is considered an attractive place for residence. The investment landscape in the country is beneficial due to the island’s well-qualified labour force, attractive taxation, and a reliable transport and telecommunications system.

Cyprus has a modern, free-market, service-based economy, with an effective and transparent regulatory and legal framework, giving international investors and businesses the confidence to invest, grow, and prosper. 

The country has a resilient economy and showed continued growth following the last recession. Measures implemented to stimulate the economy have accelerated Cyprus’s GDP growth, placing the island among the highest accelerating economies in Europe. 

The Cyprus Council of Ministers revised the Cyprus Investment Programme and implemented new rules on 15 May 2019, enabling foreign nationals to gain citizenship if they meet certain criteria. When you acquire citizenship under the program, you and your family enjoy full citizenship for life, which is transferable by descent.


Every application for Cyprus citizenship allows dependents; for one to qualify as ‘dependent’, s/he needs to be any one of the following: 

  • Spouse of the Main Applicant; 
  • Children under the age of eighteen (18); 
  • Children between the ages of eighteen (18) and twenty-eight (28) who are full-time students and financially dependent on the main applicant; 
  • The parents of the Main Applicant may also be included, provided they purchase another residence in Cyprus for at least five hundred thousand euros (€ 500,000) exclusive of VAT. 
  • The Main Applicant and any dependent over the age of eighteen (18) must have clean criminal records.


The Cyprus Citizenship-By-Investment Program requires applicants to make a substantial economic contribution to the country. After a successful application process which shall includes stringent vetting and due diligence (thorough background checks being made), the applicants and their families shall be granted citizenship. 

To qualify for citizenship, the Main Applicant must be over eighteen (18) years of age and meet the following application requirements: 

  1. Both the below contributions must be satisfied: 
    • Donation of seventy-five thousand euro (€ 75,000) to the Research and Innovation Fund or another certified innovation enterprise. 
    • Donation of seventy-five thousand euro (€ 75,000) to the Cyprus Land Development Corporation 
  2. One of the following options must be chosen: 
    • Real estate, developments, and infrastructure projects – The Main Applicant must commit at least two million euro (€2,000,000) to the purchase or construction of real estate. 
    • Purchase or establishment of or participation in Cypriot businesses and companies: The Main Applicant must commit at least two million euro (€2,000,000) to the purchase or creation of or participation in businesses or companies that are established in Cyprus. These businesses or companies should have a demonstrable and tangible presence in Cyprus and employ at least five (5) Cypriot or EU citizens. 
    • Participation in alternative investment funds or the purchase of financial assets of Cypriot enterprises or organizations licensed by the Securities and Exchange Commission – Under this option, the Main Applicant must either: 
      • purchase units amounting to at least two million euro (€2,000,000) from alternative investment funds; or 
      • purchase financial assets of Cypriot businesses or organizations for at least two million euro (€2,000,000), in the form of bonds, securities, and debt securities. 
        Combination of the above options: The applicant may choose a combination of the above options, provided that the total amounts to at least two million euro (€2,000,000) 
  3. Acquisition of Real Estate: 
    • The Main Applicant must be the owner of a permanent residence in Cyprus, with a market value of at least five hundred thousand euros (€ 500,000) exclusive of VAT.

Key Advantages 

  • Timeline to gain Cyprus Citizenship including the preparation and residence requirement is solely around six to seven (6-7) months 
  • Visa-free or visa-on-arrival travel to one hundred and seventy-three (173) countries including Canada, Hong Kong, Singapore, and the United Kingdom (UK) 
  • Right of free movement, freedom to work and study, and security within the social and legal system of the European Union (EU) 
  • Citizenship passed down to future generations

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