Cyprus Citizenship

Legal references for Cyprus Citizenship by Investment are listed below.
But first, a look at why one should consider Cyprus Citizenship Investment Programme as a compelling option in the second passport market:

Benefits of Cyprus Citizenship by Investment

No visa required for over 160 countries

including UK, Canada, Australia
(Malta: 170, St Kitts: 131)

Citizenship application approval within 6 months.
Cypriot Passport issued within 6 - 12 months of application.
Only reputable, high net worth individuals and families accepted.

Eligibility for Cypriot Citizenship by Investment

Applications for Cypriot Citizenship by Investment will be accepted from persons over 18 years of age who are in good standing, and may include a spouse, minor children, dependent unmarried children between 18 and 25 years of age and the main investor's parents. Applications may be made on a commitment for the following eligibility criteria:

Min. Investment in Residential Real Estate in Cyprus for at least €1,500,000 OR
Min. Investment in mixed Residential-Commercial Real Estate in Cyprus for at least €2,000,000.

AND
Purchase and maintain a privately owned residence in Cyprus, the value of which must be at least €500,000 excluding VAT.