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Cyprus Citizenship by Investment

At Terranova Global, we offer you a simple and hassle-free way of accessing EU citizenship and enjoying residency benefits across 28 countries through The Cyprus Citizenship by investment program.

The citizenship and second passport program of Cyprus requires making a real estate investment of €2,000,000 into either a single or multiple properties. After 3 years the property investment can be reduced to €500,000.

The world we live in today is a globalized place, and the demand to live, work, study and invest abroad is on the increase. However, it isn’t always that simple – strict immigration laws and political complexities often prevent individuals from pursuing their preferred opportunities and dreams in the country of their choice.

For a lot of Non-EU nationals, Europe has always been one of the most desirable locations to reside, work and study due to its history, culture, and most importantly the security and opportunities that exist within the various Eurozone Countries.

In 2016 The Cypriot Government made this vision a more achievable reality for many. Not only is this one of the fastest routes to become a citizen of the EU (you can receive your approval for your Cyprus passport in as little as 3 months), the citizenship can also be extended to children up to age 28 and parents of the applicant.

The Cyprus Citizenship and Passport program is a simplified way of granting citizenship to the individuals, and the families of those individuals, who positively contribute to the economic development through secure Cyprus real estate investments.

The Investment by Citizenship Program of Cyprus is designed to fast track the citizenship procedure, minimize time and bureaucratic difficulties, allowing you to become an EU citizen in as little as 3 months. In this respect the scheme is very similar to Antigua & Barbuda citizenship program which also provides second passport in a short time through a real estate purchase.

Timeframe: 3-6 months
Cyprus Visa Free Countries: Travel freely throughout the European Schengen Zone and in total to 169 different countries visa free
Type of Investment: Cyprus Property Investment
Cost of Investment: Cyprus citizenship requirements includes a €2,0000,000 investment in Cyprus Real Estate (a life time property investment of minimum €500,000 must be maintained)

Benefits Of Cyprus Citizenship And Passport

Freedom for your family

  • Cyprus passport and Cyprus nationality granted in as little as 3 months
  • Citizenship of an EU member state and access to a European passport
  • Cypriot Dual Citizenship is permitted so no impact on existing nationality
  • Flexibility to live in EU state or remain in current country of residence – this will not impact your status

Security for your family

  • Cyprus permanent residence and Cyprus citizenship extends to spouse, children (up to age 28) and parents/parents in law of the applicant
  • Family can work and study in a country that has political stability and is part of the Eurozone
  • No "donation" involved, just investment into purchasing Cyprus Real Estate
  • Security within a politically stable and free society

Enjoy visa free travel

  • Visa free travel to the United states
  • Travel to over 169 countries visa free
  • Travel benefits for the EU – freedom of travel
  • Open to all Non-EU nationalities

Tax and financial advantages

  • No liabilities for tax to be paid in Cyprus
  • No taxation on international earnings
  • Tax is only applicable on money earned in Cyprus
  • Opportunity to invest in a secure environment

Freedom for your family

  • Cyprus passport and Cyprus nationality granted in as little as 3 months
  • Citizenship of an EU member state and access to a European passport
  • Cypriot Dual Citizenship is permitted so no impact on existing nationality
  • Flexibility to live in EU state or remain in current country of residence – this will not impact your status

Security for your family

  • Cyprus permanent residence and Cyprus citizenship extends to spouse, children (up to age 28) and parents/parents in law of the applicant
  • Family can work and study in a country that has political stability and is part of the Eurozone
  • No "donation" involved, just investment into purchasing Cyprus Real Estate
  • Security within a politically stable and free society

Enjoy visa free travel

  • Visa free travel to the United states
  • Travel to over 169 countries visa free
  • Travel benefits for the EU – freedom of travel
  • Open to all Non-EU nationalities

Tax and financial advantages

  • No liabilities for tax to be paid in Cyprus
  • No taxation on international earnings
  • Tax is only applicable on money earned in Cyprus
  • Opportunity to invest in a secure environment

Financial Outlay Of Cyprus Citizenship By Investment Programme

As required by the Cypriot Government an investment in Cypriot Real Estate with a minimum value of €2,000,000 is required

At Terranova Global, our reach includes partnerships with major real estate developers and Cyprus real estate agents. Our comprehensive analysis is tailored to your specific requirements, and includes feasibility studies, area overviews, and site location analysis. We will work closely with you to offer a comprehensive list of the best real estate investment opportunities.

Terranova Global will handle due diligence, assist you with regulatory requirements and guide you through the required documents and applications. We will also handle all processes and procedures related to purchasing of your Cyprus property.

Citizenship Enquiry

About Cyprus

Classified by the World Bank as high-income economy, Cyprus boasts a strong financial services sector and serves as a business hub offering a corporate tax rate that is one of the lowest in the world.

The country is also home to a robust energy industry, located at the crossroads of major international energy routes, and surrounded by substantial oil and gas resources. A significant portion of these resources fall within the Cyprus Exclusive Economic Zone.

The Cypriot population is highly educated and enjoys access to a highly developed infrastructure including excellent healthcare and education.

While the official languages of Cyprus are Greek and Turkish, English is widely spoken and written and is the language of international business. With its rich historical and cultural heritage, low crime rate, and warm Mediterranean climate, Cyprus is a popular tourist destination that as a citizen, you’ll enjoy all year round.

Timeline Of Cyprus Citizenship Application

1st Month

    Once the service agreement is signed, Terranova global will start to prepare your application

    We provide property research and feasibility studies. Once you select a property which suits your needs Terranova Global legal team in Cyprus will run due diligence on this

    Once the property is finalized, the reservation agreement and naturalization application are signed.

    Terranova Global will then prepare all documents and sign the sales agreement and officially submit it at the land registry and the purchase price will be paid.

    After compiling all relevant documents Terranova Global will on your behalf submit the naturalization application, and at this point you will need to visit Cyprus to apply for a PR permit

3rd Mont

    Approval of the naturalization application will be given by the Government

6th Month

    You will travel to Cyprus to swear the Oath of allegiance and formally complete the citizenship procedure

    The Cypriot passports and IDs will be issued

Cyprus passport visa free countries

166 COUNTRIES

U

  • United Arab Emirates
  • Uganda
  • Ukraine
  • United Kingdom
  • Uruguay

A

  • Albania
  • Andorra
  • Anguilla
  • Argentina
  • Armenia
  • Aruba
  • Australia
  • Austria

B

  • Bahamas
  • Bangladesh
  • Barbados
  • Belgium
  • Belize
  • Bermuda
  • Bolivia
  • Bosnia Herzegovina
  • Botswana
  • Brazil
  • British Virgin Islands
  • Brunei
  • Bulgaria

C

  • Cambodia
  • Canada
  • Cayman Islands
  • Chile
  • Colombia
  • Cook Islands
  • Comoros
  • Costa Rica
  • Croatia
  • Cyprus
  • Czech Republic

D

  • Darussalam
  • Denmark
  • Djibouti
  • Dominica
  • Dominican Republic

E

  • Egypt
  • El Salvador
  • Estonia
  • Equador

F

  • Falkland Islands
  • Faroe Islands
  • Fiji
  • Finland
  • France
  • French Guiana
  • French Polynesia

G

  • Gambia
  • Georgia
  • Germany
  • Greece
  • Grenada
  • Greenland
  • Guadeloupe
  • Guatemala
  • Guernsey

H

  • Haiti
  • Honduras
  • Hong Kong
  • Hungary

I

  • Iceland
  • Indonesia
  • Iraq
  • Ireland {Republic}
  • Isle Of Man
  • Israel
  • Italy

J

  • Jamaica
  • Japan
  • Jersey
  • Jordan

K

  • Kenya
  • Kiribati
  • Korea South
  • Kyrgyzstan

L

  • Laos
  • Latvia
  • Lebanon
  • Lesotho
  • Liechtenstein
  • Lithuania
  • Luxembourg

M

  • Macau
  • Macedonia
  • Madagascar
  • Malawi
  • Malaysia
  • Maldives
  • Malta
  • Marshall Islands
  • Martinique
  • Mauritius
  • Mayotte
  • Mexico
  • Micronesia
  • Moldova
  • Monaco
  • Montenegro
  • Montserrat
  • Morocco
  • Mozambique

N

  • Nauru
  • Nepal
  • Netherlands
  • New Caledonia
  • New Zealand
  • Nicaragua
  • Niue
  • Norway

O

  • Oman

P

  • Palau
  • Panama
  • Papua New Guinea
  • Paraguay
  • Peru
  • Philippines
  • Poland
  • Portugal

R

  • Rep. Dutch Caribbean
  • Reunion
  • Romania

S

  • St Lucia
  • Samo
  • San Marino
  • Serbia
  • Seychelles
  • Singapore
  • Slovakia
  • Slovenia
  • South Africa
  • Spain
  • Sri Lanka
  • St Barthelemy
  • St Helena
  • St Maarten
  • St Martin
  • St Pierre & Miquelon
  • St Vincent
  • Swailand
  • Sweden
  • Switzerland

T

  • Taiwan
  • Tanzania
  • Thailand
  • Togo
  • Tokelau
  • Tonga
  • Tunisia
  • Turkey
  • Turks & Caicos
  • Tuvalu

V

  • Vanuatu
  • Vatican City
  • Venezuela

W

  • Wallis & Futun

Z

  • Zambia
  • Zimbabwe

Faqs about Cyprus citizenship and passport

Obtaining citizenship and passport of Cyprus is certainly one of the easiest options available for investors. The processing time takes as little 3 months making it the fastest citizenship by investment programme available. Apart from a one-time visit, you do not have to stay on the island. You do not have report your worldwide income hence there is no tax implications.
Yes, there are several similar schemes available. For example, Dominica citizenship by investment program entitles applicants to gain Dominic citizenship through the purchase of a real estate.
Having a Cypriot passport by investment provides several benefits, such as; - Citizenship in as little as 3 months. -No requirement to spend time in Cyprus - Visa free travel to over 150 countries with Cyprus passport - Right to live, work, conduct business in European Union countries - Fully refundable investment
The program was approved in March 2014 after the decision of Council of Ministers. In September 2016 an amendment was made to the citizenship by investment program.
Currently the processing time is 3 months for the Cypriot Ministry of Interior to reach a decision on your application.
Once the letter of approval is received you can receive your Cypriot passport only within a couple of weeks.
Can I rent out my investment property in Cyprus?