The Cyprus Government has revised the criteria for granting the
Cypriot citizenship, making it one of the most attractive schemes
in the European Union. The revised scheme is part of the Cyprus
Government effort to encourage foreign direct investment and
attract high net worth individuals to settle and do business in
Cyprus.
KEY CHANGES
- Minimum Investment: €2
million.
- Any investor can apply individually -
Collective Investments have been abolished.
- The investment in special government
bonds of the Republic of Cyprus is now limited to the amount of
€500.000.
CRITERIA
A. Investment in real estate, land development and
infrastructure projects
The applicant has to make an investment of at least €2
million for the purchase or construction of buildings or for the
construction of other land development projects (residential or
commercial developments, developments in the tourism sector) or
other infrastructure projects.
