What is the Cyprus Citizenship By Investment Programme (CIP)
In order to boost foreign investment and attract high net worth individuals, the Cyprus government introduced an incentive programme in 2012 that allows individuals to obtain Cypriot citizenship in exchange for significant financial investments in the country.
Cyprus is one of a growing number of European countries to offer a citizenship by investment programme which allows high net-worth individuals and their families to invest in the country’s property sector in return for EU citizenship. This beautiful country not only offers a great Mediterranean climate and rich culture, but the ability to gain Cyprus residency by investment makes property investment even more enticing. This is further endorsed in the Knight Frank World Wealth Report 2018, where Cyprus has been ranked the 5th best relocation destination in the world.
How does Cyprus Citizenship By Investment work?
The Cypriot immigration policy and legal framework now enable Non-EU and EU applicants to obtain Cypriot citizenship in approximately 6 months. The programme, which is officially called “Scheme for Naturalization of Investors in Cyprus by Exception”, grants Cypriot citizenship to non-Cypriot citizens and their family members. The programme covers many areas of investment, but in terms of property, the individual will need to invest in at least EUR 2 million in real estate, land development, or infrastructure projects. Such projects may include purchase and construction of residential and commercial buildings as well as investments in touristic infrastructure.
Applications can be made for the programme:
To get an indication of an individuals chances of obtaining Cyprus citizenship ahead of applying through the Cyprus Citizenship by Investment, use the Cyprus Citizenship Questionnaire.
There are a number of reasons the Cyprus Citizenship by Investment may now be considered to be the most attractive programme in Europe, including:
Application process for Cyprus Citizenship by Investment
Get help finding a property for the Cyprus Investment programme
Our Property consultants can help you shortlist suitable properties and guide you through the process of getting Cyprus citizenship. Please use the form below to get started.
Cyprus Citizenship Questionnaire
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