Cyprus is an island with an eventful history and a rich culture. Geographically, it is located between Africa, Europe, and Asia continents and thus it is a major trading post in the East Mediterranean zone. Even though the island boasts of having a low cost of living, it is ranked at No. 23 in the world in terms of quality of life.
In addition to making an investment, the applicant must:
- have a valid passport
- provide proof of source and origin of the declared funds for investment
- have no criminal history
- not be on the list of persons whose property is ordered to be frozen within the boundaries of the EU
1. Direct Investment
Applicant must make a direct investment of at least €5 million in the purchase of one of the below:
- Businesses or companies
- Financial assets
- Maintain ownership of assets for a period of 3 years
2. Bank Deposit
Have a fixed term deposit of at least €5 million for at least 3 years in a bank in Cyprus
3. Collective Investment programs of at least €2.5 million each i.e. the applicant must hold a permanent privately-owned residence in Cyprus, with the purchase price being at least €500,000 plus applicable VAT and should choose one of the prescribed investment options and maintain it for the required duration.