Granting Cyprus citizenship through naturalisation by exception

Cyprus is situated at the heart of Mediterranean Sea, and has been attested as a major international business centre among many European countries. The scheme for the naturalisation of investors by exception has therefore attracted a great deal of interest since the launch in 2002.

To read more about the benefits of obtaining a Cyprus Passport, click here.

Investor Options & Requirements

Documentation required to apply for a Cyprus passport:

  • Application Form M127 fully completed and apostiled.
  • Birth Certificate.
  • Photocopy of passport.
  • Background check showing a clean criminal record from both the country of the applicants birth and the country of current residence if different.
  • Marriage Certificate if applicable.
  • Two passport size photographs.
  • Curriculum Vitae detailing qualifications and places of work since graduation.
  • Copy of Residence Permit for the Republic of Cyprus*
  • Copies of advertisements in a daily newspaper (two separate posts required).
  • If the applicant is a high-ranking senior manager the following documents should, also, be submitted:
    • Copy of the employment contract.
    • Receipt from the Department of Inland Revenue.

*If the applicant does not already hold a residence permit, he/she may apply for an immigration permit simultaneously with the application for naturalisation.

Financial Documents:

  • Certificate of Registration of the company & any subsidiaries by the Registrar of Companies.
  • Certificate of shareholders by the Registrar of Companies or certificates showing proof that the applicant is the Beneficial Owner of the business.
  • Audited accounts of the company {or companies) for the last three years preceding the year of the application.

Transactions that Substitute Sufficient Investment

1. Investment in real estate or land development projects:

The investor must purchase €2 million worth of land, immovable property or the construction of land development projects in Cyprus. These can be residential, commercial developments or ventures in the tourism sector.

2. Purchasing, incorporation or participation in Cyprus based companies:

The investor must participate, incorporate or purchase an existing Cypriot company or organisation operating in Cyprus with investment costs totaling €2 million.

Should you choose the option of incorporation, the company must have a tangible presence in Cyprus, and should employ a minimum of five Cypriot citizens.

3. Investment in Alternative Investment Funds or financial assets of Cypriot companies or anyone licensed by CySec:

The investor can also purchase financial assets or alternative investment funds of Cypriot companies or organisations licensed by CySec (this could be in the form of debentures, bonds or securities that have been registered and issued in Cyprus) totaling €2 euros million or more.Please note that the financial assets should be bought at the date of issue or subsequently by the market.

Terms & Conditions:

  • A combination of the above mentioned investments can be used, as long as the total investment amount exceeds €2 million euros.
  • The applicant must own a privately owned property or land in Cyprus with a value of €500,000 or more.
  • The applicant must hold a residence permit in Cyprus before applying for permanent residency, however can apply simultaneously now.
  • The criterion of bank deposits as an investment option has been removed as per the amendments.

Call us for help and support, we would be happy to answer any questions you may have about obtaining a Cyprus Passport by Naturalisation. See a full list of what our services entail here and how we can be of assistance to you during this process, please contact us.

 


 

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