About the Cyprus citizenship by investment program

The Cyprus Citizenship by Investment program, organized by the government of Cyprus since 2016, allows investors and their families from outside the European Union (EU) to obtain Cypriot citizenship and become EU citizens.

With an investment ranging to 2,000,000 EUR in real estate, one can acquire Cypriot citizenship and enjoy the benefits of being an EU citizen. Even if you do not wish to reside in Cyprus, you can still freely travel within the EU.

The Cyprus Citizenship by Investment program includes the investor and family members such as legal spouse, unmarried children (including adopted children) under 28 years old, and the parents of the spouse (the investor).
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Time to Citizenship

6 months

Minimum Investment

€2.000.000

Type of Investment

Real Estate Investment

Visa-free Countries

176Including EU, UK and Canada

About Cyprus

Cyprus, or the Republic of Cyprus, is located in the eastern Mediterranean Sea, south of Turkey and west of Syria and Lebanon. With an area of 9,251 km² and a population of 1.1 million, 20% of which are immigrants, Cyprus boasts beautiful natural landscapes and a rich cultural history, being situated on the famous Silk Road that connected Asia and Europe.
  • Economy: The economy of Cyprus is primarily driven by the service sectors, including tourism, shipping, telecommunications, insurance, and banking. According to 2020 statistics, Cyprus's GDP was 34.6 billion USD, ranking 122nd globally, with a per capita income of 39,079 USD.
  • Weather and Climate: Cyprus enjoys a pleasant climate with a clean living environment. Despite high temperatures, its proximity to the sea makes the weather more comfortable. Cyprus has a Mediterranean climate with a long summer from May to October and a mild winter from December to February.
  • Education System: The education system in Cyprus is developed according to British and various European standards, with relatively low costs. The multicultural learning environment fosters integration and the development of comprehensive human potential. Both public and private education options are available, providing Cypriot citizens with numerous suitable choices.
  • Healthcare: Cyprus has a well-developed healthcare system, offering free medical services to its residents. Healthcare professionals are trained in the UK and other developed countries. Food and water are rigorously tested to ensure they meet safety standards for human health.

Language

Greek and Turkish

Currency

Euro

Total Area

9,251 km2

Capital

Nicosia

Government

Presidential Republic

Population

1,207,359

Benefits of Cypriot citizenship and citizenship

  • Access to a high-quality British education system at a cost three times lower. Numerous world-class universities have strong connections, making it convenient for children to study and develop.
  • Safe and healthy living environment with modern, well-equipped facilities to support human life.
  • Free European-standard healthcare system, fully equipped with modern facilities and a medical team trained in the UK.
  • Enjoy full benefits as an EU citizen, including living, traveling, and doing business.
    The Republic of Cyprus does not impose global taxation and offers inheritance tax exemption for its citizens.
  • Free movement and travel within the EU and Schengen Area with a Cypriot permanent residence card.
  • Permanent residence cards for the entire family, including spouses and children.

Cyprus citizenship ranking

According to the latest ranking, the Cypriot citizenship has the following benefits:

  • The Cypriot citizenship ranks 12th in the world (2024).
  • Visa-free and electronic visa access to 180 countries worldwide, including the UK, Japan, South Korea, Canada, South America, and the issuance of Schengen visas within one week.
 
 
 

Requirements for eligibility for Cypriot citizenship

  • Applicants must be at least 18 years old, in good health, and have a clean criminal record.
  • The Cyprus Citizenship by Investment program is only available to citizens of third countries.
  • Applicants need to submit biometric fingerprint data during their travel or investment participation.
  • Investors must provide complete documentation proving their income and financial resources.
  • Dependents in the investor's family aged 18-28 must be enrolled in higher education institutions and have proof of financial support.
  • The investor's parents must have their own residence and possess assets worth at least 500,000 EUR.

Cypriot citizenship through investment options

For Investors:

  • Must be at least 18 years old, in good health, and have a clean criminal record.
  • Provide complete documentation proving the source and cleanliness of investment funds.
  • Visit Cyprus twice a year and have health insurance.
  • Investors are not required to reside in Cyprus before applying for citizenship but must hold a residence permit for 6 months to complete the application.

For Dependents:

  • Spouse, children, and parents of the investor must meet health and background check criteria.
  • Dependent children must be under 28 years old and unmarried.

Investment Requirements:

  • Purchase real estate with a minimum value of 2 million Euros (approximately 54 billion VND) and maintain it for 5 years.
  • Investors can choose to purchase a single property or multiple properties with a total minimum value of 2 million Euros.
  • After 5 years, investors must maintain ownership of real estate with a value of at least 500,000 Euros.
  • If the investor wishes to include their parents (or spouse's parents), an additional investment of at least 500,000 Euros in real estate is required.
  • Contribute 100,000 Euros to the Cyprus government's Research and Development Fund and 100,000 Euros to the Cyprus Land Development Organization.
  • The total investment required is 2.2 million Euros for real estate and contributions.

Legal fees

€40,000

Processing fees

€2,000 for each applicant over 18 years old and €80 for each applicant under 18 years old

Applying for Cypriot citizenship

How to obtain a Cypriot citizenship

We are a leading residency law firm with many years of experience in providing second citizenship services to thousands of clients. We specialize in advising, supporting, and guiding clients through the procedures for residency and citizenship in countries such as Cyprus, Malta, Canada, Portugal, and more. Specifically, we:

  • Guide clients in preparing the necessary documents to participate in real estate investment in the Republic of Cyprus to obtain citizenship.
  • Our legal advisory team, experienced in working with various legal authorities in Vietnam and Cyprus, is ready to assist and support clients in all legal matters.
  • We commit to clear and transparent information on costs and procedures, helping clients resolve issues quickly and efficiently during the process of obtaining second citizenship.
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