Cyprus Investment Program

Benefits of the Cyprus Investment Programme

  • Travel, live and work within all European Union-member states
  • Travel visa-free to 158 countries
  • Passed on to family members
  • The investor does not become a tax resident, unless more than 183 days in a calendar year are spent in Cyprus
  • Dual citizenship permitted
  • The applicant's parents are also entitled to apply for Cypriot citizenship provided they own a permanent residence in Cyprus of at least €500.000 (excluding VAT). Their application may be submitted after the investor had acquired Cypriot citizenship
  • European citizens have the right to attend schools or universities within any EU country for free or with reduced tuition rates, as applicable
  • European citizens can access the established 1st-class EU health care systems
  • Free trade within EU, business access to 500 million EU citizens

PROCESS

step 1 - Select real estate investment

Select property/ies (through visit to Cyprus or via correspondence). Sign purchase agreement and transfer funds to a secure account. Receipt issued by Tsangarides Estates, which is required for application. 

 

step 2 - Preparation of citizenship application – the client will receive a detailed application package and document checklist.

Applicant must gather all necessary documents required for application with the help of the appointed lawyer. The documents must be officially translated into Greek or English and certified with apostille (if in a country which has signed the Hague Convention of 1961) or stamped by the Ministry of Foreign Affairs and relevant Cyprus Embassy.

Required Documents:

  • Passport (copy)
  • Birth certificate
  • Marriage certificate (if applicable)
  • Police clearance certificate
  • Detailed biography

step 3 - Pre-clearance check

The appointed lawyer completes a pre-clearance check

step 4 - Submit applications (PR & citizenship)

The applicant/s must visit Cyprus in order to submit the PR and citizenship applications and to give their biometric data required for the issuance of the permanent residency card, which is issued in 5 days. The payment of the government submission fee of €2.000 per adult applicant for the purpose of the citizenship application, is required at this stage. The citizenship application is lodged, together with the property purchase agreement and all required documents, at the Ministry of Interior.

step 5 - Acquire In Principal citizenship approval

The Ministry of Interior will approve the citizenship application within a period of six months from submission. Payment of the government approval fee €5,000 per adult applicant is required at this stage. 

step 6 - Completion of naturalisation, issuance of passport & ID cards

Once the applicant has held a Cyprus PR card for a period of six months, he is able to complete the naturalisation process. In Cyprus the process, including collection of biometric ID cards, takes 1 day, while through a Cyprus embassy abroad the process takes up to 2 weeks.

step 7 - Naturalisation of children & grandparents

Submit the applications of children/parents to be naturalised. Applications of minor children are processed within 3 weeks; they can visit Cyprus anytime to collect their papers. Adult children/parents applications are processed within 2-3 months and are subject to a submission fee of €2,000 and approval fee of €5,000 per person. Once approved passports and ID cards must be collected within three months.

Tsangarides Estates

Tsangarides Estates Ltd is a leading land and building developing company established in Cyprus since 1994. The company is aiming at selecting the finest locations in Paphos town, suburbs and region to build up..

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Contact Information

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Tsangarides Estates
8010 Paphos, 1, Kanningos Street
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Phone: +357 26 600 154
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