Limassol

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Nicosia

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Larnaca

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Paphos

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Famagusta

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Cyprus Citizenship & Residency

The criteria for obtaining Cypriot citizenship have been recently amended (Sep 2016) by the Cyprus Government in order to further encourage foreign investment and attract high net worth individuals into doing business in Cyprus. The more favourable criteria and required investment amount to be €2 million is attracting potential investors. The majority of applicants for Cypriot citizenship prefer the route of investing in real estate. This is a simple and straight forward procedure.


Cyprus Malta Latvia UK Spain St Kits & Nevis
Result EU Passport EU Passport EU Residence for 5 years; passport after 6 years plus exams in the Latvian language and history EU Residence for 5 years (3 years then 2 years); passport after 6 years plus exam in English EU Residency for 5 years Passport St Kitts&Nevis
Time to obtain passport 6 months 12 - 14 months 6 years 6 years 10 years 4-6 months
Currency EUR EUR EUR GBP EUR USD
Amount of investment 2.000.000 500.000 (or 150.000 plus rent of a property for minimum 16.000 for 5 years) 250 2.000.000 500 400
Donation - 650.000 (plus 50.000 for every adult family member and 25.000 for under 18) - - - Optional
Duration for investment to be kept 3 years 5 years 5 years 5 years 5 years 5 years
Assets Bonds or securities of Cyprus companies, or Real estate, or Business Bonds and Real Estate Real Estate Bonds or securities of the UK companies (75%) and Real Estate or Deposit (25%) Bonds or Real estate or Business Donation or Real Estate
Physical residence No 6-12 months No Not to be absent for more than 450 days within first 5 years and not more than 90 days within the 6th year Yes No
Dual citizenship Yes Yes No Yes No Yes
Visa free travel, residence and work in EU Unlimited Unlimited Free travel in Schengen countries and residedence in Latvia, no working permission Residence in the UK, no working permission Free travel in Schengen countries and residence in Spain, no working permission Free travel in Schengen countries and the UK limited to 180 days a year; no working permission
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About Cyprus

Cyprus is situated in the eastern Mediterranean and is the third largest island in the region with an area of approximately 9,000 square kilometres. It has been an EU Member state since May 2004. Cyprus has a history spanning over 11,000 years and its unique character sees a combination of beautiful beaches to spectacular mountain regions.

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