Cyprus is a beautiful island nation in the eastern Mediterranean that has been renowned since ancient times for its natural beauty and cultural wealth.

In modern times, the Cypriot government wants to encourage foreign investors to invest in the country and bring more expertise. To this end, they have created the Cyprus Investment Programme, which allows people a path to citizenship or permanent residency through investment opportunities.

Read on in our Cyprus Investment Programme Guide to learn more about how you can become a citizen of Cyprus in less than a year.

Investment Programme Conditions

The Cypriot government gives foreign investors the opportunity to become either permanent residents or citizens of the nation.

If you are interested in becoming a Cypriot citizen, the government requires the following conditions to be met:

  • You must invest €2.0 million in real estate and make two donations of €75,000 to organizations within the Cypriot government.
  • You must purchase (and retain for your lifetime) real estate property to use as your home in Cyprus. This property must cost at least €500,000 before VAT. This purchase may count towards your €2.0 million investment.
  • You must have no criminal record.
  • You must possess a valid passport and Schengen Visa.
  • It's required also be in good standing in the European Union--you cannot hold a rejection from another EU state and your property cannot be frozen within the EU.

Cyprus Citizenship Benefits

If you meet all these requirements, you can gain Cypriot citizenship in just 6-8 months. This process does not require a language requirement, medical tests, or government interviews.

Your new citizenship will give you the right to live, work, and study in the rest of the EU. Cyprian citizens can also travel without visas to 174 international destinations, including Hong Kong and the UK.

These benefits extend to your entire family and citizenship may be passed down through future generations who are born in the island nation.

If you need more information about the Cyprus investment program check out the official website of the program. Also, remember to checkout out list of requirements for foreign investors to setup an offshore company in Cyprus.