Apart from the benefits of living and working freely in Cyprus, Cyprus / EU citizenship allows holders visa-free travel to 158 countries around the world.

The Cyprus Government’s recently revised Citizenship-by-Investment programme is regarded by many as the best in the world, as it is the perfect response to the needs of High Net Worth Individuals. Apart from the benefits of living and working freely in Cyprus, Cyprus / EU citizenship allows holders visa-free travel to 158 countries around the world.

The programme offers serious investors the opportunity to apply for Cyprus citizenship, which is effectively EU citizenship, as Cyprus is a member of the European Union. To be eligible to apply, a minimum investment of at least €2,0 million is required, for the purchase or construction of buildings or for the construction of other land development projects.

These may be residential or commercial developments, developments in the tourism sector, or other infrastructure projects.

The current programme has the following main features that make this Citizenship-by-Investment programme particularly appealing:

  1. Investment options starting from €2 million
  2. Interesting investment opportunities in state telecoms, energy and ports companies, real estate and offshore gas fields
  3. Approval of citizenship application within 3 months
  4. Cyprus / European Union passport granted after 6 months from the submission of the application
  5. Investment, not donation
  6. No need to reside in Cyprus
  7. High rate of approval
  8. Currently tax-free exit
  9. Simple and straightforward process
  10. Flexibility

Investment opportunities

Cyprus is taking important steps towards attracting foreign investment. Plans for the privatization of state telecoms, energy and ports companies, and real estate assets are under way, while gaming licences are under discussion.

Offshore wealth

Confirmed offshore gas fields are likely to be a game-changer for Cyprus.The discovery of natural gas reserves and exploitation activities in Cyprus’s Exclusive Economic Zone have already stimulated interest in investment, and will have a powerful and positive impact on the economy in general over the coming years.Gas-field development is expected to help Cyprus grow into an offshore oil and gas services hub in the region.