Cyprus offers the quickest, most assured route to European citizenship and a second passport through the Cypriot citizenship by investment programme. An investment of €2.0 million in real estate is required. Cyprus is unique in its offering of citizenship within just 6 months of such an investment. This grants a Cypriot passport and EU citizenship, allowing the freedom to work, travel, study and live anywhere within the EU including countries such as Germany, France and the UK. The investment can be reduced down after 3 years to just €500,000.
Key Facts – Citizenship by Investment:
- Investment of €2.0 million.
- Full family qualification (Children up to Age 28).
- Flexible. No requirement to reside.
- Full member of the European Union.
- Simple, fast process.
- Second European passport in just six months.
The main attraction for high net worth individuals is the Immediate EU citizenship on offer for qualifying real estate investments.
Applicants are required to have a clear criminal record. There is no language requirement, medical test or interview for citizenship applicants.
Compare Citizenship by Investment Programmes
Cyprus is the only country in Europe offering immediate citizenship through investment in real estate. It is by far the quickest route taking just 6 months to obtain an EU passport. Citizenship is also possible through investment in real estate in Portugal application, but after six years.
Cyprus has a very favourable tax regime for individuals and companies. Over 80% of the country speaks English and there are excellent education facilities including several UK universities with campuses on the island. Cyprus has the lowest crime rate in Europe and is the 5th safest country in the world. There is a high standard of educational institutions and healthcare facilities. Cyprus is strategically located at the crosssroads of three continents, Europe, Asia and Africa. Cyprus is set to join the EU Schengen zone soon. Property acquired is freehold, there is a low property tax and there is reduced VAT on property of just 5% (subject to conditions).