Cyprus

An important hub in the heart of the Mediterranean at the crossroads of Europe, Africa and Asia, Cyprus is diverse, culturally rich and perfectly placed for working and traveling within and beyond the European Union.

Cyprus has seen significant activity in the shipping, tourism, legal and financial services sectors, and also a surge of interest in foreign investments and developments, as well as appreciation in property and investment values.

Population

1,205,575

GDPR per capita

34,400 USD

GDPR Purchasing Power Parity

31.59 bil USD

Visa-free countries

112

WHY CHOOSE CYPRUS?

Cyprus has a rich and diverse culture, mild Mediterranean climate, and a safe and stable setting ideal for raising a family. Investors also look at Cyprus for business and investment purposes, recognizing numerous investment opportunities. The benefits of the Cyprus program are plenty:

  • Approval of the Citizenship application within approximately six months;
  • Simultaneous submission of residency and citizenship applications;
  • No language requirements;
  • No requirement for applicants to live in Cyprus prior, during or after application
  • Parents qualify for citizenship provided they own a house valued at €500,000 + VAT or own a share of €500,000 in residential property of the main applicant;
  • Civil unions are eligible to submit applications;
  • No obligation to relinquish current nationality;
  • Low tax rates and free trade within the EU;
  • Unrestricted right to live, work and study in Europe;
  • Right to own property in an EU member state;
  • Strategic geographical location forming a bridge between the EU, Middle East, and North Africa with direct access to the Mediterranean Sea;
  • One of the safest countries in the world with a population under 2 million;
  • Excellent education system as well as first-rate health care;
  • An outstanding holiday destination.
  • Qualifications

    Offered in accordance to subsection (2) of section 111A of the Civil Registry Laws 2002-2019, the Cyprus Investment Program is one of the fastest to lead to residence and citizenship in Europe.

    To qualify for citizenship, applicants must fulfill one of the investment options below and hold it for five years in addition to meeting the following criteria:

    • Possess a valid passport.
    • Hold no criminal record.
    • Holds a valid Schengen Visa
    • Has no rejection from any other member-state of the EU.
    • The main applicant’s property is not frozen within the boundaries of the EU.
    • Possess a residency permit in the Republic of Cyprus, for a period of six months before being granted citizenship.
    • Own a permanent private residence in the Republic of Cyprus with a purchase price of at least €500,000 plus applicable VAT.
    • In the case that one chooses to invest in residential properties only and one of the residential properties is priced at at least €500,000, then the total investment amount must be €2 million.

Interested in this country?

Location

South Eastern Europe, island in the Mediterranean Sea

Capital

Nicosia

Timezone

GMT +2

Language

Greek (official): 80.9%, Turkish (official): 0.2%, English: 4.1%, Romanian: 2.9%, Russian: 2.5%, Bulgarian: 2.2%, Arabic: 1.2%, Filipino: 1.1%, Other: 4.3%, Unspecified: 0.6%

Government Type

Presidential democracy

Currency

Euro (EUR)

Total Area

9,251 sq. km.

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