Cyprus

Residency And Citizenship By Investment

Welcome to 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.

The economy is growing at about 4% pa (2017) through significant activities in the shipping, tourism, legal and financial services sectors, and has also seen a surge in foreign investments and developments, property, and investment values.

Facts about Cyprus

Capital

Nicosia

Population

1,189,265

Total Area

9,251 km2

Currency

Euro

Why Choose Cyprus

Cyprus boasts a rich and diverse culture, a mild Mediterranean climate, a safe and stable setting ideal for raising families, and a perfect location for business and travelling.

Safety

Top 5 safest country in the world (Value Penguin 2015)

Retirement Friendly

Top 4 best retirement destination globally (Knight Frank 2016)

Beautiful Beaches

Most blue flag beaches per capita in the EU (Eurostat)

Fast Process

Fast procedure with citizenship approval within aproximately 6 months

Easy Procedure

Simultaneous submission of residency and citizenship applications

Any Language Welcome

No language requirements

Dual Nationality

No obligation to relinquish current nationality

Strategic Location

Strategic geographical location forming a bridge between the EU, the Middle East and North Africa

Access to EU

Right to own property in an EU member state

Qualifications

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

To qualify, applicants must fulfill the investment options 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 European Union
  • Not be included in the list of persons whose property is ordered to be frozen within the boundaries of the EU
  • Possess a residency permit for a period of 6 months prior to being granted citizenship. Residency can be granted five days after application submission

Investment Requirements

According to the regulations issued by virtue of the Civil Registry Laws, foreign investors who wish to obtain Cypriot citizenship by investment must meet the following requirements:

  • Hold a permanent, privately owned residence in the Republic of Cyprus, the purchase price of which must be at least €500,000 plus applicable VAT
  • Choose one of the prescribed investment options for €2 million and maintain it for the required duration of 5 years

In the case that one chooses to invest in residential properties only and one of the residential properties is priced at €500,000, then the total investment amount must be only €2 million

Investment Options

Real Estate, Land Development and Infrastructure Projects

Applicants may invest  at least €2,0 million for the purchase or construction of buildings or for the construction of other land development projects (residential or commercial developments, developments in the tourism sector) or other infrastructure projects. 

Purchase or Establishment or Participation in Cypriot Companies or Businesses

Applicants may invest  at least €2,0 million for the purchase or participation in companies or organizations established and operating in the Republic of Cyprus. Moreover, investments in the shipping sector are eligible. 

Investment in Financial Assets of Cypriot Companies or Organizations

Applicants may invest in units of at least  €2,0 million in Alternative Investment Funds or Registered Alternative Investment Funds or financial assets of Cypriot companies or Cypriot organizations that are licensed by Cyprus Securities and Exchange Commission. It is permitted for these AIFs or RAIFs to invest in secondary market stockmarket values of the Cyprus Stock Exchange an amount that does not exceed the €200,000. 

Combination of the Above

Applicants may proceed with a combination of the above investments, provided that the total investment will amount up to at least €2,0 million. 

Donation to the Research and Innovation Foundation and the Cyprus Land Development Corporation 

  • The applicant must have donated at least €75,000 to the Research and Innovation Foundation
  • The applicant must have donated at least €75,000 to the Cyprus Land Development Corporation for the financing of housing schemes for affordable housing, but also for the materialization of other housing schemes/measures

Our Process

The table below breaks down the application process into eight basic steps. Some require the applicant’s involvement, while others are executed by Arton Capital and its partners. Each step must be completed before continuing to the next.

Month 1

Residency

Step 1

All necessary documents must be prepared by the applicant and be properly legalized.

Step 2

Applicant selects an investment option. 

Step 3

All necessary actions are taken for implementing the chosen investment option.

Step 4

Simultaneous applications for residency and citizenship.

Step 5

Residency cards issued to main applicant and spouse.

Month 6

Citizenship

Step 6

Issuance of Citizenship Approval.

Step 7

Issuance of Naturalization Certificates of the main applicant and spouse included in the application.

Step 8

Issuance of passports and IDs for the main applicant and spouse included in the application.

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