EU Citizenship Law

 

Passport program in Cyprus offers the fastest procedure for obtaining EU citizenship for investments. The period for obtaining a passport is 6 months.

 

The process of obtaining an EU passport in Cyprus):

*citizenship can be granted to the investor’s parents with the purchase of an additional unit of real estate valued at €500 thousand plus VAT


Investment options:
Purchase of one or several units of residential real estate, the total value of which shall amount to at least 2 million euros excluding VAT. Purchase of one unit of residential real estate (costing from € 500 thousand) and one or several units of commercial real estate, the total value of which shall amount to at least 2.5 million euros excluding VAT. Investments in the financial assets of one or more Cypriot companies, government bonds, investments in alternative investment funds and financial assets of Cyprus licensed companies (CySec), purchase of one unit of residential property (from €500 thousand), total investment value of at least 2.5 EUR million euro excluding VAT.
The investor purchases one or several units of residential real estate worth less than €2 million excluding VAT.

 

After 3 years, the investor has the right to sell the property, subject to the preservation of one unit of residential real estate worth at least 500 thousand euros (plus VAT)

The investor buys residential property worth at least €500 thousand, as well as commercial real estate or land, tourist facilities. The total purchase price shall be not less than €2.5 million.

After 3 years, the investor has the right to sell the property, subject to the preservation of one unit of residential real estate worth at least 500 thousand euros (plus VAT)

Combined investments in government bonds of Cyprus cannot exceed €500 thousand euros.

After 3 years, the investor has the right to sell assets leaving the residential real estate worth at least €500 thousand euros in property.

Alternatives?

If you are interested in a Mediterranean country with similar conditions (membership in the EU, the opportunity to obtain a passport for investments and live in more than 150 countries without restrictions), the only option shalll be Malta. However:

As for other countries, the Caribbean states are far from the best in common ranking. Unlike Cyprus, neither Belize, nor Saint-Nevis, nor Saint Kitts could boast of good conditions, developed economy and high security level.

Full text of Scheme for Naturalization of Investors.