The requirements for obtaining Cyprus citizenship by investment, also known as the Cyprus Citizenship by Investment Program, include the following:
Investment Criteria: The applicant must make a qualifying investment in Cyprus. There are several investment options available, including:
a. Real Estate Investment: The applicant must purchase a residential property in Cyprus with a minimum value of ?2 million. This property must be held for at least five years.
b. Alternative Investment: The applicant may choose to invest in other eligible options, such as purchasing or establishing a business, investing in financial assets of Cypriot companies, or investing in government bonds. The minimum investment amount for these options is ?2 million.
Clean Criminal Record: The applicant must have a clean criminal record and provide a certificate of good conduct from their country of residence.
Residence in Cyprus: The applicant must have a valid residence permit in Cyprus before applying for citizenship. This requirement can be fulfilled by holding a temporary residence permit or a combination of temporary permits.
Residence Period: The applicant must maintain a residence in Cyprus for a period of at least six months before applying for citizenship.
Financial Criteria: The applicant must prove that they have a stable and secure source of income from legal sources. They must also provide documents to demonstrate their financial standing and ability to support themselves and their family members.
Health Insurance: The applicant must have a valid health insurance policy that covers them and their dependents in Cyprus.
Due Diligence and Background Checks: The applicant and their family members over the age of 16 are subject to due diligence checks to ensure that they meet the program’s integrity standards.
It’s important to note that the requirements may vary and can be subject to change, so it’s recommended to consult with a qualified professional or authorized service provider who can provide up-to-date information and guidance on the specific requirements for obtaining Cyprus citizenship by investment.