Cyprus is one of the most sought after Mediterranean countries that offer citizenship in exchange to a capital investment. To attract more direct foreign investment, the Cypriot government has introduced several lucrative citizenship by investment offers. So, let’s unfurl this awesome opportunity and get your application ready! Wait, there are a few more reasons why you must go for a second passport of Cyprus. Let’s explore those!
In the September, 2016 amendment to the citizenship bill of Cyprus, the minimum payable amount has been reduced to €2 million (from €2.5 million). So now, in return of a minimum investment of €2 million, successful applicants get a residence status, along with the right to education and employment in any of the 28 EU countries! Also, as per the revision, an applicant is facilitated the inclusions of dependent parents after an investment of €500,000 + VAT in a residential property.
Now that’s a deal worth striking, no?
To acquire Citizenship by Investment program of Cyprus, you need to make a capital payment that may not exceed EUR 2 million in any Cypriot real estate or development project.
The applicant must select any of the €2 million Investment Options on any of the government-approved Cypriot assets and maintain it for a duration of at least 3 years.
An applicant may apply for Cypriot citizenship through Naturalization by Exception if they meet one of the 4 investment criteria. The applicant may qualify-
The Cyprus Citizenship by Investment Program also allows the inclusion of family members. The criteria is given below-
As a naturalized citizen of Cyprus, the applicant investor receive following advantages-
Cypriot citizenship process is easy n hassle free. Here is the eligibility criteria-