A non-Cypriot citizen, who meets certain economic criteria , either personally or through a company/ companies in which he/ she participates as a shareholder – proportionally based on the percentage of participation, or even as a high-ranking senior manager of a company/ companies , may apply for the acquisition of the Cypriot citizenship through Cyprus Investment Programme.
A.TERMS AND CONDITIONS
- Clean Criminal Record: the applicant must have a clean criminal record. Furthermore, his name must not be included on the list of persons whose property is ordered to be frozen within the boundaries of the European Union.
- Schengen Visa: The applicant must hold a valid Schengen visa. Third-Country nationals that do not require an entry visa for travelling in European Union member-states, as well as citizens of European Union Member States are excluded from this obligation.
- Residence in the Republic of Cyprus: The applicant must hold a permanent privately-owned residence in the Republic of Cyprus, the purchase price of which must be at least €500.000, plus V.A.T.
The applicant must have made an investment of at least € 2,0 million in the Republic Of Cyprus.