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About the programme

John Theodorou presents Cyprus Investment Programme

Participating in the Programme investor with his family obtains Cyprus passports. This is not a residence permit or a visa but rather full citizenship of the EU-member state.

The programme requires the amount of €2mln to be invested in Cyprus for 3 years. The citizenship is granted within 6 months.

The programme has already attracted over 4 billion euros of direct investments into the economy of the Republic of Cyprus.


Advantages of the programme

The programme is unique in Europe and very appealing:

  • Investor and his family can freely reside, work, study, have business in any of the EU-member states as well as in Switzerland, Liechtenstein, Norway and Iceland
  • The Republic of Cyprus is a full EU member. Holder of Cyprus passport can travel visa-free in 157 countries in total
  • Dual-citizenship is permitted
  • The passport is issued also for the investor’s spouse*** and all financially dependent children (up to 28 years old)
  • The investor’s parents are entitled to apply for citizenship provided that they are owners of a Cyprus permanent residence of at least €500.000
  • Time for approval of citizenship for the investor and his/her spouse is 6 months
  • No requirement to reside in Cyprus 
  • Minimum investment required is €2mln (here and below amounts are excluding VAT where VAT is applicable)
  • The investment must be kept just for 3 years. After that the assets can be sold. To be more precise, the Law states that a property of minimum value of €500.000 must be kept as a private residence (we expect that this condition will be removed; anyway this private residence can be rented out and generate rental income for investor)
  • No donation to the Cyprus government
  • No history and language proficiency tests

Investment options

An investor is free to choose where to invest from a wide choice of options:

  • Residential properties
  • Commercial properties
  • Development projects
  • Purchase or creation or participation in Cypriot businesses or companies
  • Investment funds, financial assets of Cypriot businesses or organizations
  • Government bonds (maximum €500.000; the balance €1,5mln should be invested in other options like property)
  • Combination of the above options 
  •  

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