High net worth individuals wishing to relocate to the European Union may do so by opting for the fast track Cyprus Citizenship by Investment Programme in return for an investment in Cyprus. To be eligible for this Programme, an applicant must invest a minimum of €2 million in one of the available options, purchase residential property, as well as satisfy the good standing criteria.
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 travelling within and beyond the European Union. The economy is rapidly recovering from recent recession through significant activities in the shipping, tourism, the legal and financial services sectors, and has also seen a surge in foreign investments and developments, property and investment values. Cyprus boasts a rich and diverse culture, mild Mediterranean climate, a safe and stable setting which is ideal for raising families, and perfect location for business and travelling. Investors also look at Cyprus for business and investment purposes recognizing numerous investment opportunities.
1. Real estate, land development and infrastructure projects
Applicants must make an investment of at least €2 million in the purchase or construction of buildings, land development projects (residential or commercial) or infrastructure projects.
2. Purchase, creation, or participation in Cypriot businesses or companies.
Applicants must make an investment of at least €2 million in the purchase, creation or participation in businesses or companies that are based and operating in the Republic of Cyprus. These businesses or companies should evidently have a tangible presence in Cyprus and employ at least five Cypriot citizens or European citizens.
3. Financial assets of Cypriot companies or organizations
Applicants must make an investment of at least €2 million in regulated funds in the Republic of Cyprus. Investors need to maintain the purchased assets for a period of three years.
4. Combination of the above
Applicants must make an investment of at least €2 million in a combination of the aforementioned options 1-3. In this case, they can invest also in government bonds at a maximum €500,000, and they still have to maintain the investments for a period of three years.