Country at a glance
Among Europe’s most popular holiday destinations, the island of Cyprus is host to an abundance of seaside resorts, luxury villas, ancient temples and haute cuisine. Strategically positioned between southern Europe and the Levant, Greeks and Turks today share this former outpost of the British Empire.
Population: 1.1 million
Official language(s): Greek, Turkish
Form of government: Presidential Republic
Member of: European Union, Eurozone, WTO
Independent since: 1960
Programs at a glance
The Cyprus CIP is the fastest and simplest route to EU citizenship and, although it has the highest capital requirement, investments are fully recoverable and the holding period is shorter than that required by comparable programs.
Inaugural year: 2002 (2016 in its current form)
Visa-free travel to: 163 countries and territories
Grants right of settlement in: Cyprus and 27 other European countries
Time to citizenship: 6 to 7 months
Investment type(s): Real estate/business investment/financial investment
Minimum investment (not including fees): EUR 2 million
Investment recoverability: The investment is fully recoverable and potentially profitable
Application-related fees: Starting at EUR 7,000 for a single applicant
Residence requirements: None
Cypriot passport holders have visa-free travel to 159 countries and territories, including Schengen countries, UK, Australia and Canada as well as the right to work, study and settle permanently in all EU states. While applicants don’t need to physically reside in Cyprus, those who do enjoy very favorable terms of taxation, a low cost of living and an overall high quality of life.
To qualify for the Cyprus CIP, applicants must make one of the following investments:
The Cyprus CIP applies a flat EUR 7,000 processing fee for each individual included in the application.
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