The Cyprus Investment Program

Author: N. Pirilides & Associates LLC
Date:2019-07-15

Acquisition of Cyprus citizenship (naturalization by exception) by investment

 

The Cyprus Council of Ministers has revised and approved the “Scheme for naturalization of Investors in Cyprus by exception” in order to attract foreign investment in Cyprus.

 

 

A foreigner, who fulfils one of the following economic criteria, either personally or through a company/ies, in which he participates as a shareholder or even as a high-ranked senior manager of a company/ies may apply for the acquisition of Cypriot citizenship through naturalization by exception.  A high-ranked senior manager may apply, provided that he receives such a salary that generates for the Republic tax revenue of at least €100,000 for a 3 year period and provided that this tax has already been paid or prepaid. 

 

The applicant must have concluded the necessary investment during the 3 years preceding the submission date of the application  and must retain the investment  for a period of at least 5 years from the date of the naturalization.

 

The application process (from the date of filing the application till the acquisition of citizenship) usually takes 4-6 months to complete.  

 

Revised Criteria

 

 

Terms and Conditions


1. Clean criminal record

2. Ownership of a permanent privately-owned residence in Cyprus.

3. Holder of residency permit valid for 6 months prior to the submission of the application

4. Holder of Schengen Visa

 

Investors wishing to apply for citizenship using the above criteria and/or for any enquiries and/or questions, please contact us at info@pirilides.com and we will be happy to assist. 

 

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