Today: April 18 2019
Participating in this program, the investor and his family receive Cypriot passports. This is not a residence permit, no visa and no green card. This is a full citizenship of the country - a member of the European Union.
The applicant for citizenship must invest in Cyprus from € 2 million for 3 year. Citizenship is issued in just 3 months!
The program is very popular among foreign investors and has already attracted more than € 3mlrd of direct investment in the economy of the Republic of Cyprus.
The key points that make the program unique:
As investment assets can act:
Investors and investments made by them are subject to the following requirements:
* If the investor through 3 years sells investment residential property worth € 2mln, in return he must purchase personal residential property worth from € 500.000
An alien who has lived in the Republic of Cyprus for 7 years (the term is determined by the border control marks in the passport) for 10 consecutive years, is entitled to Cypriot citizenship.
Citizenship, unlike a residence permit, is not issued for the whole family at once. It is received only by the spouse who has lived in Cyprus for 7 years. In a few months, citizenship automatically receives minor children.
The second spouse will receive citizenship when he dials the same 7 years of residence in Cyprus. Or, three years later, as the husband of a citizen of Cyprus.
* ЗThe Civil Union Act (184 (I) / 2015) Came into force from the moment of its publication in the official government newspaper from 09 / 12 / 2015. The law introduces the institution of a civil union in the legal system of Cyprus. A civil union ceremony and the issue of a certificate are held at the district branch of the municipal formation at the place of residence of one of the applicants. In the event that interested persons do not permanently reside in Cyprus, they are entitled to apply to the appropriate district office of their choice.
Documents required for application:
- Accounts for utility services that confirm the place of residence (certified by apostille);
- The application form for the civil union, completed by both parties;
- Valid passports.
Application under oath (made no older than one month from the date of presentation, it is permissible to take an oath in the embassy of Cyprus abroad). Interested persons must also present official certificates confirming that none of them is married / civil / religious or other union signed by the head of the Civil Registry Office for those who live in Cyprus for residents abroad issued by their competent authority. All official documents issued in any other country that is not a party to the Hague Convention must be certified with an apostille and translated into English or Greek.