Cyprus

Cyprus is strategically located in the Mediterranean and is within easy proximity of Europe, Asia and Africa. This has helped Cyprus to become a financial hub as well as a major tourist destination. With popular world class resorts such as Protaras and Ayia Napa, a long and storied historical tradition and access to world class facilities for specialized sports such as Golf and Climbing, Cyprus is considered an ideal destination for permanent residence for non-EU nationals.

Population: 1.23 million
Languages: Greek, English
Economy: Modern, Service based
Currency: Euro

• Minimum investment of €300,000 under a Regulation 6(2) application and no limitation on the value under a Category F application
• Processing time of two months (or 18 months under a Category F application)
• The right to live and study in Cyprus

1. Have no criminal record from their country of residence
2. Provide a declaration, along with included family members, that they do not intend to be employed in Cyprus
3. Have a Health Insurance Policy ( plan A)

To qualify for residence under Regulation 6 ( 2 ), both of the following investment requirements apply:

Choose one of the following:

1. . Purchase up to two new immovable residential properties of a total

market value of at least €300, 000 plus VAT, with the option to purchase from two different developers

2. . Purchase up to two new or used immovable nonresidential properties ( offices, shops, hotels, or other developments) of a total market value of at least €300 , 000 plus VAT
3. . Invest €300 , 000 in the share capital of a physical company registered and operating in Cyprus, which employs at least f ive people
4. . Invest €300 , 000 in units of the Cyprus Investment Funds Association’ s collective investments ( AIF, AIFLNP, RAIF)

Provide supporting evidence of a secured annual income of at least €30, 000 deriving from abroad ( an additional €5, 000 is required for each dependent spouse and adult child, and €8, 000 for each parent)

To qualify for residence under Category F, all of the following investment requirements apply:

• Purchase new or resale immovable property with no limitation on the value
• Open a bank account in Cyprus and deposit the amount, without any limitation
• Provide supporting evidence of a secured annual income of at least €10, 000 derived abroad ( an additional €5, 000 is required for each dependent)

The government will approve citizenship within four to six months of an application submission, assuming the application has no areas of concern.