Citizenship Program Cyprus | Get Second Passport from GCI. Want more details about the Cypriot Citizenship by Investment Program? We are developing solid investment opportunities for our clients around the world to acquire a permanent residence, a second passport and a second citizenship.
One of the main objectives of the economic policy of the Republic of Cyprus is to further encourage Foreign Direct Investment and to attract high net worth individuals to settle and do business in Cyprus. Key factors that make Cyprus an attractive destination for investment, is the highly specialized human capital, the reliable legislative and regulatory framework, the stable tax system and the safety and stability conditions prevailing in the country.
The Council of Ministers, on the 13th of September 2016, revised the "Scheme for Naturalization of non-Cypriot investors by exception" and, thus, established the new criteria and terms based on which non–Cypriot entrepreneurs/investors may acquire the Cypriot citizenship.
The Cyprus Council of Ministers has decide that the investor and his/her adult family members, prior to their naturalization as Cypriot citizens, must hold a residence permit in Cyprus. If the applicant (either investor or family member) does not already hold a residence permit, he/she may apply for an Immigration Permit on the basis of Regulation 6 (2) of the Aliens and Immigration Law, simultaneously with the application for naturalization. The Cypriot citizenship can be granted to the spouse or partner of the investor and to his/her parents, financially dependent adult children and minor children (under the age of eighteen).
The Citizenship by Investment Program Cyprus has been developed by the government as another mechanism for promoting economic growth. Its purpose is to boost the country's development and infrastructure by increasing foreign direct investment into the country in order to ensure a sustainable future. Cyprus is a member country of the EU since May 1, 2004. Cyprus’ currency is Euro (€) since it became a member of the Eurozone on January 1, 2008. The political system is a presidential republic.
Cyprus is one of most stunning natural environment of the world; Cyprus is an island country in the Eastern Mediterranean Sea, off the coasts of Syria and Turkey. Cyprus is the third largest and third most populous island in the Mediterranean and it is also the world's 80th largest by area and world's 51st largest by population. It is located south of Turkey, west of Syria and Lebanon, northwest of Israel and Palestine, north of Egypt and southeast of Greece. The island’s ideal strategic location has shaped its history and civilization throughout the centuries. It measures 240 kilometres (149 mi) long from end to end and 100 kilometres (62 mi) wide at its widest point, with Turkey 75 kilometres (47 mi) to the north.
Cyprus has a subtropical climate one of the warmest climates in the Mediterranean part of the European Union with very mild winters (on the coast) and warm to hot summers. Snow is possible only in the Troodos Mountains in the central part of island. Rain occurs mainly in winter, with summer being generally dry. The area of the Republic of Cyprus under government control has a market economy dominated by a services sector that accounts for more than four-fifths of GDP. Tourism, finance, shipping, and real estate have traditionally been the most important services. Cyprus has been a member of the EU since May 2004 and adopted the euro as its national currency in January 2008. During the first five years of EU membership, the Cyprus economy grew at an average rate of about 4%, with unemployment between 2004 and 2008 averaging about 4%. We suggest the Citizenship Program Cyprus will offer our customers a lot of benefits.
How to become a Cypriot citizen? To qualify for Cyprus citizenship applicants must fulfill the following criteria:
and must fulfill one of the investment options below in addition.
Furthermore our consultants will guide you through the whole submitting process for the Citizenship Program Cyprus.
Applicants must make a significant economic contribution to the country in order to apply for the Cyprus Citizenship Program and can choose between four investment options:
1. Investment in real estate, land development and infrastructure projects
The applicant must have made an investment of at least €2,0 million for the purchase or construction of buildings or for the construction of other land development projects (residential or commercial developments, developments in the tourism sector) or other infrastructure projects.
It is noted that investment in land under development is included in this criterion, provided that an investment plan for the development of the purchased land will be included in the application. It is understood that investment in land that is situated in a building zone of zero development, is excluded.
2. Purchase or Establishment or Participation in Cypriot Companies or Businesses
The applicant should have made a purchase or should have participated in companies or organizations established and operating in the Republic of Cyprus with investment costs of at least €2,0 million. The invested funds shall be channeled towards the financing of the investment objectives of these companies exclusively in Cyprus, based on a specific investment plan.
The applications shall be evaluated to verify that the companies or organizations have proven physical presence in Cyprus, with significant activity and turnover and employ at least five (5) Cypriot or citizens of European Union member-states. The minimum number of employees shall increase, if more than one applicant invest simultaneously or almost simultaneously in the same business or company. In addition, the employees of the companies need to have legally and continuously resided in Cyprus during the five years preceding the application submission date.
3. Investment in Alternative Investment Funds or financial assets of Cypriot companies or Cypriot organizations that are licensed by CySec
The applicant should have bought units of at least €2,0 million from alternative investment funds (AIF) established in the Republic of Cyprus, licensed and supervised by the CySec and whose investments are made exclusively in the Republic of Cyprus, in investments that meet the criteria of this Scheme or in areas approved by the Minister of Finance.
In order to confirm that the investments that meet the criteria of the current Scheme will be kept for at least three years, the manager or the auditor of the Fund shall inform in writing and on an annual basis, the Ministries of Finance and Interior with reference to the value of the initial investment.
The purchase of financial assets of Cypriot companies or organizations of at least €2,0 million, such as bonds, bills and securities, issued with the approval of the CySec, by companies that have proven physical presence and substantial economic activity in the Republic of Cyprus, and have as a purpose the financing of the investment plans of these companies or organizations exclusively in Cyprus, based on an investment plan, fall under this criterion.
4. Combination of the aforementioned investments
The applicant may proceed with a combination of the above investments, provided that the total investment will amount up to at least €2,0 million. Within this criterion (combination of investments) the applicant may purchase special government bonds of the Republic of Cyprus, up to €500.000, which will be issued by the Public Debt Management Office of the Ministry of Finance, on condition that the investor will retain these bonds for a three year period. The characteristics and the terms of these special bonds will be determined by the General and Special Issue Terms of the Government Bonds of the Republic of Cyprus. Investments in government bonds through the secondary market are not considered eligible.
How to apply for Cypriot citizenship? Take a look at the application process in detail and with all its individual steps. Furthermore our consultants will guide you through the whole submitting process for the Cypriot Citizenship Program.
To prepare the application, we collect all necessary documents from you and also perform a background and security check.
If everything is OK in the first step, we will issue a pre-approval of the application.
Your application will now be submitted to the government for further processing.
Government processing of the application and due diligence checks.
Receipt of the written approval of the application by the Government.
The investment chosen in advance must be made.
The citizenship certificate is issued. Now you are an official citizen of Cyprus.
Your passport will now be issued and ready for pickup.
The Cypriot passport is a travel and identity document that is issued to citizens who are nationals of Cyprus and allows them to travel abroad. In 2018, holders of a Cypriot passport could visit 171 countries and territories visa-free or with visa on arrival, ranking the Cypriot passport 14th in terms of travel freedom according to the Henley visa restrictions index. Passport holders may travel to Singapore and Europe with relative ease and without challenging visa requirements.
|Visa Free Travel||Passport||Costs|
|to 171 countries||after 3 months||min. EUR 2,000,000
+ application fee
|Location||Main City||Total area|
|South East Europe||Nikosia||9,251 sq km|
|€ (Euro)||approx 1,120,000||35° 7´ N, 33° 24´ W|
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Traveling to and within Europe is very pleasant with the Vanuatu passport. This second citizenship has greatly simplified the opportunities to expand my international business.
Fast and uncomplicated process. The support in the application process and the communication from the consultants of GCI was excellent all the time.