Cyprus Citizenship FAQs

Dr. Jean-Philippe Chetcuti | 11 Nov 2016

Cyprus Citizenship Faqs

      1. Does a Permanent Residency Permit (PRP) lead to Cyprus Citizenship?

A PRP holder may be granted Cyprus Citizenship by naturalisation following seven consecutive years of residence in Cyprus.

      2. What is the eligibility criteria for obtaining Cyprus Citizenship by Investment?

  • Minimum investment of €1.5 million in real estate or a minimum of €2 million in other investment options;
  • Residence amounting to €500,000;
  • The main applicant must be 18 years of age;
  • A clean police record;
  • One visit is required to obtain Biometrics and receive a Permanent Residency Permit.

      3. How long is the application process for obtaining  Cyprus Citizenship by Investment?

Prior to filing in application, one must obtain the investments and purchase residence amounting to €500,000. Once an application is filed, the authorities then have 6 months to process the file. Following which, the Cyprus passport is issued.

      4. What kind of investment is required?
In general, an investment of  €1.5m is required

There are various options, and an applicant may opt for one of the following; 

  •  Investment in Cypriot companies, which also needs to be maintained for three years;
  • Another option is to make an investment in land development or real estate;
  • Applicants may also invest in Cyprus Alternative Investment Funds, or Cypriot public companies; 
  • Applicants may also opt for a mixed investment.

      6. In cases where an applicant already owns a residential property in Cyprus, would he/she be required to purchase an additional property? 
If the existing property is worth at least €500,000, then the applicant is not required to purchase additional property in order to satisfy the residency requirement. In the case that the value of the existing property is worth less than €500,000, then the applicant must purchase an additional property.

      7. Does an applicant need to live in Cyprus prior to obtaining Cyprus Citizenship by Investment?
While no minimum physical residency is required prior to citizenship, applicants are required to visit Cyprus once in order to obtain Biometrics and receive a permanent residency permit. 

      8. Does the Cyprus Citizenship by Investment Programme expire?
No, it does not, nor is there any capping on the number of passports issued.

      9. What are the application fees?
The fee for submitting a Cyprus Citizenship application is €2,000 for each applicant. Once the naturalisation certificate is issued, then an additional €5,000 is payable to the Cypriot authorities.

      10. What are the benefits of obtaining Cyprus Citizenship?

  • Cyprus Citizenship provides free movement of goods, services and capital within the EU;
  • The Programme provides access to 157 visa-free destinations;
  • Once obtained, it is valid for life and is transferred to descendants;
  • The process is 6 months long, which is one of the shortest timeframes in terms of Citizenship by Investment Programmes;
  • A Cyprus Residence Permit is issued within 2 months

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Key Contacts

Dr Jean-Philippe Chetcuti

Managing Partner

+356 22056411

Mr Kenneth Camilleri

Senior Partner

+356 22056414

Dr Antoine Saliba Haig

Legal Associate

+356 22056446

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