Cyprus Citizenship By Investment Program
This program is currently suspended.
The following information is provided for reference purposes only.
The Cyprus Citizenship by Investment Program has been one of the most appealing options for acquiring EU citizenship. Although currently on hold, it previously offered a pathway to Cypriot citizenship in just 3 to 6 months, allowing investors to enjoy the privileges of EU nationals. While the process was relatively straightforward, it required a significant financial commitment.
How the Cyprus Citizenship by Investment Program Operated
This program included a clear set of steps, beginning with a background verification conducted by Cypriot authorities. This ensured that applicants met the necessary legal and security standards. The typical processing duration was around six months.
Eligibility Criteria
Foreign investors along with their close family members were eligible under this scheme. Qualified family members included:
Physical Residency Requirement
There was no requirement for long-term physical residency in Cyprus. To maintain citizenship, applicants were only required to visit Cyprus at least once every seven years.
Advantages of Cyprus Citizenship
Cypriot citizenship came with numerous benefits that made it highly attractive to global investors:
Concerns and Points to Consider
Despite its appeal, the program faced scrutiny over issues such as money laundering and security risks. Prospective applicants were encouraged to thoroughly research and ensure full compliance with relevant regulations before making any investment.