Cyprus

 

 

Cyprus is the other EU nation to offer a direct citizenship-by-investment route. The applicant must make an investment of at least €2 million in real estate, government bonds, a bank deposit in a Cyprus bank, or investment in a new company. Investors must possess a permanent privately-owned residence in the Republic of Cyprus, the purchase price of which must be at least €500,000. The applicant, prior to his/her naturalization as a Cypriot citizen must hold a residence permit in Cyprus.

 

As a citizen of Cyprus, you can take advantage of a range of personal benefits which include:

 

  • EU citizenship for investor and his family (including children under the age of 28) within 6 months

  • Dual citizenship permitted

  • Protection by the diplomatic or consular authorities of any EU country

  • Visa-free travel to 157 countries 

  • Freedom to reside, work, do business, study and travel anywhere in the EU, Switzerland, Liechtenstein, Norway and Iceland

  • Right to vote and stand for European Parliament elections

  • Ability to sell the investment in 3 years

  • Children may take advantage of excellent education facilities including several UK universities with campuses on the island

  • Live in the 5th safest country in the world with the lowest crime rate in Europe

 

© 2016 by Williams Global Law, PLLC