“SCHEME FOR NATURALISATION OF INVESTORS IN CYPRUS BY EXCEPTION” on the basis of subsection (2) of section 111A, of the Civil Registry Laws of 2002-2013.
Dual citizenship permitted: no requirement for applicants to relinquish home country citizenship status.
Confidentiality is expressly preserved by law.
- Fast-track procedure allowing for direct path to citizenship within 3-4 months.
- No physical residence requirements during or after the application procedure (the only requirement is for one visit every 7 years).
- No language requirements for residence or citizenship.
- Dependent children under 28 years qualify for citizenship on the basis of their parents’ applications.
Inclusion of parents of the main applicant.
- Citizenship grants the unconditional and unrestricted right to live, work, study and travel in Europe.
- Right to own property in an EU member state.
- Strategic geographical location, forming a bridge between the EU, the Middle East, and North Africa with direct access to the Mediterranean Sea.
- Low crime rate, excellent education system with a number of high standard schools and universities and first-rate healthcare.
- An outstanding holiday destination.
Cyprus has been a full member of the European Union since 2004. The island is located in the north eastern Mediterranean Sea, at the crossroads of Europe, Asia and Africa. The strategic location of the island has played an important role in its development as a financial centre.
Cyprus, with its warm and stable climate and convenient geographical position, is considered an attractive place for residence. The investment landscape in Cyprus is beneficial due to the island’s well-qualified labour force, attractive taxation and a reliable transport and telecommunications system.
Cyprus has a modern, free-market, service-based economy, with an effective and transparent regulatory and legal framework, giving international investors and businesses confidence to invest, grow and prosper. Cyprus was ranked 58th out of 144 countries by the World Economic Forum Global Competitiveness Report 2012 – 2013.
A number of new measures have been implemented to reboot the economy in the wake of the massive restructuring of the country’s banking sector, which aim, among other things, to help stimulate economic growth.