Cypriot Citizenship – New Rules

At the end of 2016 Cyprus has reduced the investment amount required to obtain EU passport from €2.5 million to €2 million. It simply means EU citizenship can now be obtained within 3 to 6 months with issuing a Cypriot passport after the real estate investment is made by the property investor in Cyprus. It is not necessary any more to be part of a collective of 5 investors to obtain €2 million real estate investment limit. In addition parents of the applicant are now qualify for citizenship in case they make an investment of €500,000 into real estate. This extends the Cypriot citizenship to 3 generations which includes children up to the age of 28.

Cyprus is a full member of the European Union, and holding Cypriot citizenship means holding European citizenship with the right to work, live, travel or study anywhere in the European Union, including the UK.

Real estate prices

The 6-year downward trend in housing prices ended last year, with prices and rents increasing or stabilizing.
Property prices, rents and yields across Cyprus (Q2/2016):

* (Percentage changes for prices are on a year-on-year basis. Yields are stated as at end Q2 2016.)

What is Cyprus

Known as the mythical birthplace of Aphrodite, the goddess of love and beauty, the sunny island nation of Cyprus lies in the Mediterranean Sea, next to Israel, Turkey, Syria, and Egypt. It have acquired both European and Middle Eastern culture. Cypriot sandy beaches, crystal clear waters, green forests and small authentic towns attract over 2.4 million tourists a year. As a member of the European Union, most of Cypriots speak English – in fact that it was once colonized by the British. With a history of over 12,000 years, Cyprus is rich in historic places and structures, from Roman villas to medieval castles. Many of its Byzantine churches and three of its towns have been declared UNESCO World Heritage Sites.


Benefits of Possessing Cyprus Passport

Requirements to Obtain Cyprus Passport

Real Estate Investment Options

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