UPD. Cyprus has suspended the citizenship by investment programme as of the 1-st of November 2020

cyprus passport
 

Following suspension of the Cyprus citizenship through investment program as of the 1-st of November 2020, Cyprus citizenship can be obtained by foreign nationals through naturalization.

Cyprus citizenship by naturalization

A person can become a Cypriot as a result of fulfilling certain requirements over a period of time. The following requirements are necessary when an individual is applying for citizenship by naturalization:

  • The individual must be over 21 years old
  • The individual must have lived in the country for a period of seven years (this has been reduced to five for individuals who have children of Cypriot descent).
  • Individuals must have a legal and continuous residence in Cyrus for a year prior to the date of application.
  • The individual must be of good character with no criminal record.

Benefits of Cyprus Citizenship – a European Union Country Member

The right to live, work, own and operate a business, travel and study in any EU country.

Cyprus has a low 12.5% rate of Corporate Income Tax plus other tax benefits and allowances.

Availability of modern communications, excellent legal and accounting services.

Visa free travel to 173 countries.

Citizenship is granted to the applicant, the spouse, all financially dependent children up to the age of 28 and the applicant's parents.

There are no language requirements or obligations to live in Cyprus prior or after the application process and obtaining the citizenship.

Cyprus offers a high standard of living, wonderful climate and ecology, one of the safest places in the world to live in and a multicultural environment.