EU Citizenship

Background
Cypriot citizenship to non-Cypriot investors is available according to the “Scheme for Naturalisation of Investors in Cyprus by Exception” on the basis of Section 111A (2) of the Civil Registry Laws of 2002-2013, based on a Council of Ministers decision dated 13th September 2016 which established the financial criteria where the Cyprus Council of Ministers grants citizenship by naturalization.
 

Financial Criteria

Investment in Real Estate and Land Development
 

Residential Investment Scheme

Minimum of €2 million in residential property investments.
Total: €2 million net of Tax
 

Golden Investment Scheme

Minimum of €2 million in any property investments and at least €500,000 in a single residential property.
Total: €2.5 million net of Tax
 

Naturalization of parents of the investor

Available with an additional purchase of a single residential property worth at least €500,000.
 

Benefits of the program

 

• Simple, non-disruptive procedure

The requirements are clear and straightforward to achieve approval of the citizenship application.
 

• Applies to all nationalities

Any nationality is eligible to apply for the program.
 

• Citizenship for the whole family

The spouse of investor, the parents and children under the age of 18 or financially dependent
children up to the age of 28 will also acquire the citizenship.
Investor and parents of the investor may collectively purchase and maintain a residence worth at least €1 million net of Tax.
 

• Approval within 3 months

The fastest and most direct way to EU citizenship with less than 3 months duration on approval time, while the whole procedure takes a total of 6 months.
For the duration of the 6 month process, the applicant will poses a permanent residence card for ease of travel or living permanently in Cyprus.
 

• Financial Criteria is an investment not a donation

Real estate in Cyprus is stable and growing which gives the ability to gain a profit or
redeem most of the investment.
 

• Flexible Investment

Any excess amount over the minimum of €500,000 for the private residence, counts towards
the investment financial criteria.
 

• The investment can be sold after 3 years

After naturalization approval, the investment can be sold while only needing to maintain a
residence worth €500,000 or €1 million if the parents of the investor naturalized as well.
 

• Cyprus allows dual citizenship

You do not need to renounce or withdraw your existing citizenships.
 

• No minimum stay requirement

There is no requirement to live or reside in Cyprus prior or during the
application, or even after citizenship has been granted.
 

• No health certificate and no language test are required

 

Required Documents

 

Main Applicant

• Documents proving financial criteria are met
• True copy of passport
• Birth certificate of applicant
• Detailed biography (CV)
• Two passport size photos
• Clean criminal record of applicant
• Marriage Certificate (if applicable)
• Copies of advertisements in a daily newspaper
• Residence permit in Cyprus
 

Spouse, children and parents (if applicable)

• Documents proving financial criteria for investor’s parents
are met
• True copy of passport
• Copies of advertisements in a daily newspaper
• Birth Certificate
• Marriage certificate
• Clean criminal record of spouse and adult children
• Residence permit in Cyprus
• Copy of the investor’s Naturalization Certificate and/or
Cypriot Passport
 
Documents issued by a foreign authority should be translated to either English or Greek and duly authenticated
 
 
GOVERNMENT APPLICATION FEES
• Submission fee €2,000 per adult
• Approval fee €5,000 per adult
• Submission fee €80 per investor’s
dependant children
• Immigration Permit Application fee €500
 
 
 

PROCEDURE

 
Step1
Select your property
• Review and choose the property/ies
you want to purchase.
 
 
Step2
Invest
• Sign contract of sale
• Transfer funds to a secure account.
• Receipt issued by Patroclos Group of Companies.
 
 
Step3
Submission of the Citizenship Application
• Submit all necessary documents to the Ministry of Interior for Naturalisation and Immigration permit. Biometric information collected from the applicants during submission process
• Immigration Permit card issued within 5 days
• Investor and his/her spouse can apply together
 
 
Step4
Citizenship application approval
• Approval within 3 months
 
 
Step5
Issue of the certificate & collection of passport ID
• The Civil Registry and Migration Department will issue the certificate of Naturalization provided that the applicant holds an Immigration permit for a period of at least 6 months
• Process to issue passport and ID takes under 1 day in Cyprus or 2 weeks at a number of Cypriot Consulates abroad. Biometric information collected from the applicants during passport issue process
 
Step6
Naturalization of children & parents (if applicable)
• Submit and pay the applications of minor children to be naturalized. The applications are processed within 1-2 months and they can visit Cyprus anytime to collect their papers.
• Adult children and parents apply following Steps 3-5 and are subject to a submission fee and approval fee.

 

 
 

 
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41 - 43 Spyros Kyprianou Ave., Patroclos Tower 6th floor, 6051 Larnaca, Cyprus
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+357 24812000
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+357 24635964
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info@patroclos.com.cy