Cyprus Citizenship by Investment Program – Temporarily Suspended
With its warm Mediterranean climate and rich cultural heritage, Cyprus is a highly sought-after destination for investors. The country offers a safe and stable environment, ideal for raising families, conducting business, and exploring Europe. Additionally, Cyprus provides affordable property options, low taxes, and benefits as a member of both the European Union and the British Commonwealth.
Cyprus Citizenship by Investment
At TrueStep Immigration Consultancy, we provide expert guidance for Cyprus Citizenship by Investment across the Middle East. Our team in Dubai is well-versed in Cyprus’ government regulations, enabling us to deliver efficient, hassle-free immigration solutions for investors and their families.
The Cyprus Citizenship by Investment program is designed to attract foreign direct investment. In September 2016, the program underwent significant revisions, making it even more appealing for property buyers and investors.
Under the revised scheme, non-European entrepreneurs and investors can obtain Cypriot citizenship with an investment of EUR 2 million. Applicants may now include their parents, children, and spouse in the application without needing a group submission.
Investment Options
- Real Estate Investment (Option 1):
- Purchase a residential property worth EUR 2 million.
- Property can be sold after 3 years.
- Mixed Investment (Option 2):
- Invest in other approved options and purchase a residential property worth EUR 500,000.
- This property must be kept for life but can be rented out.
Returns on investments, particularly government bonds, are generally profitable. Successful applicants gain the right to live, work, and study in all 28 EU member countries.
Why Choose TrueStep Immigration Consultancy?
Investing in a foreign country is a significant decision that involves both financial and personal considerations. Our experienced team in Dubai collaborates with trusted associates in Cyprus to provide:
- Professional guidance on various investment options
- Insights on potential returns
- Assistance with securing permanent Cyprus residency and citizenship
The typical processing time for obtaining Cypriot citizenship is approximately 3 months, covering the applicant, spouse, dependent children, and parents.
At TrueStep, we ensure a transparent, reliable, and efficient process, giving you peace of mind while securing your second citizenship in Cyprus.
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