Cyprus, a full member of the European Union, is a well-known destination in Europe combining the safety, friendliness, exceptional culture legacy and unique beauty locations conjoining an ideal place for holiday, retirement and even as a permanent residency destination, to raise a family or start a business.
For the above and numerous other reasons, our government has introduced to foreign Investors particularly property investments and following the success of the program with other markets, we would like to provide you the opportunity of a common benefit through a healthy cooperation.
The new legislation announcement was established on the 24th of May 2013 by the Council of Ministers and entitles a foreign investor to acquire the EU Citizenship by Investing in Real Estate on the Island. In order to qualify, investors are required to invest an amount of 5,000,000 Euros in, inter alia; Real estate sectors and buy also a residence of 500,000 Euros. Important is also the fact that the citizenship scheme covers the spouse of the investor and also his / her financially dependent children. This applies to children under the age of 18 years old and also children up to the age of 28 years old who study in a tertiary education institution (university/college) for diploma/ degree or their first postgraduate degree. Therefore, the whole family can acquire the EU Citizenship by investing the above mentioned amount without an additional investment for each member separately.
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