Cyprus is an EU country that receives all EU benefits and rights. As a citizen of Cyprus these rights and benefits are extended to citizens improving the quality of life. Cyprus Citizenship is not just accessible for those born in Cyprus, exclusive individuals may apply for citizenship and acquire a second passport through the Cyprus Investment Program.
What is the Cyprus Investment Program?
The Program is designed to promote investment into real estate, land development and infrastructure projects in Cyprus. This opportunity is available to non-Cypriot citizens that meet specific criteria outlined by the Government of Cyprus. Upon making an investment of at least €2 million the investor will gain a Cyprus Passport and enjoy the benefits of being a citizen of a country that is a European Union member.
Benefits of acquiring a Cyprus passport do not end there – the below infographic provides more details.
Since posting this article the following changes to the Cyprus Investment Program has been implemented. If an investor wishes to purchase a resale property, the investment amount increases to €2.5m. All investors are also required to make a €75,000 donation to the land development organisation and a €75,000 donation to the Research and innovation foundation to qualify for the Cyprus Investment Program. For further information view our Cyprus Investment Program page.