Q & A
Cyprus Citizenship by Investment
Q
What is the Cyprus Citizenship by Investment Program?
A
It is a program, whereby high net worth individuals, investors or entrepreneurs can acquire Cyprus & European Union (EU) citizenship in a short period of time by making an investment in designated instruments. |
Q
Can family members also apply for the Cyprus Citizenship Program?
A
The following family members are eligible to apply along with the main applicant :
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Q
What is the quantum of investment that an applicant & eligible family members have to make in order to qualify for the Cyprus Citizenship Program?
A
The main applicant has to invest € 2,000,000 in any one or combination of following instruments :
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Q
What is the period for which the investment of € 2,000,000 has to be maintained?
A
Five years. However, you will have to maintain a minimum investment of € 500,000 in Cyprus residential property for life. |
Q
What is the general time period for the processing of a Citizenship by Investment application?
A
The following are the time periods for eligible family members :
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Q
How many times does the applicant & eligible family members need to visit Cyprus during the application process?
A
Only once |
Q
Are there any educational qualification, work experience or language proficiency requirements?
A
No |
Q
Are there any residency requirements?
A
No. You are not required to reside in Cyprus before or after obtaining the passport. |
Q
Does Cyprus allow dual citizenship?
A
Yes |
Q
How many countries can you travel visa-free with a Cyprus passport?
A
157 |
Q
Can I make a Cyprus Citizenship application on my own?
A
No. An application for Cyprus Citizenship must be made only by an authorized representative of the Cyprus government. |
Q
Is there any due diligence carried out on the main applicant & dependants?
A
Yes. Due Diligence is carried out by both us at Migratesmart® and by the government of Cyprus. The period of due diligence depends on the circumstances of each client. |
Q
How can Migratesmart® help us?
A
Our partnerships with leading & highly reputed law firms in all countries that we operate in, or provide services for, enables us to provide end-to-end solutions & services to our clients. We can take care of every aspect of your Cyprus Immigration Investment & Citizenship process, and ensure you derive maximum benefit from our expert knowledge & advice. |