Individuals who pursue a second passport through the Citizenship by Investment Program in the Republic of Cyprus enjoy visa-free travel to more than 150 countries. This facilitates business immigration for those who require exemplary ease of travel.
Through Cyprus’ Citizenship by Investment Program, the government actively encourages direct foreign investment in economic sectors such as technology, R&D and innovation, and in entrepreneurial initiatives, making a Cyprus passport important for global entrepreneurs and digital nomads.
Greek is the official language of Cyprus; however, English is widely used in business, trade, and the public sector, creating a Citizenship by Investment Program that is quite business friendly.
Cyprus has gotten a lot of direct foreign investment lately that has bolstered their economy. The country has been lifted by opportunities in tourism, shipping, oil and gas exploration. A new industry also busting onto the scene is the health and wellness wave.
Government policy serves a huge role in assisting business growth due to many business-friendly incentives for those with Cyprus citizenship, coupled with a strong business infrastructure.
In Cyprus, schooling is compulsory from ages 5-15 and state-provided schooling (including higher education) is covered by the country’s taxes. That being said, parents have the choice to school their children however they please, but fees for private school and university are not covered by taxes.
Housing and Real Estate
The average price for homes in the capital city of Nicosia are typical of the UK and U.S., sitting at around $400,000 USD. Out in the less populated areas, the average price drops to about $310,000 USD.
If you plan on getting a Cyprus passport to rent out property, you should know that the average rental yield is 5.29% per year, about an average ROI.
Cyprus has two main healthcare sectors: public and private.
- Public healthcare is very inexpensive and even free in some cases for those who have Cyprus citizenship.
- Private healthcare is also relatively inexpensive and high-quality compared to other countries.
All of Cyprus’s major cities have both state-run and private hospitals.
BENEFITS OF CYPRUS PASSPORT
– The most streamlined Citizenship by Investment Program in the European Union (EU), typically issuing passports within 3 months of application
– Visa-free access to the EU
– Citizenship grants investors the unrestricted right to live, work, and study anywhere in the EU
– Investors must visit Cyprus once every 2 years, with no mandatory minimum length of stay
REQUIREMENTS FOR CYPRUS PASSPORT
– Ownership of a permanent, privately-owned residence in Cyprus valued at EUR 500,000 (minimum) + VAT
– Applicants must not have a previous criminal record
– Applicants must be 18 of age or older
– Applicants must undergo a security screening
OPTION 1. REAL ESTATE
EUR 2 million
OPTION 2. GOVERNMENT BONDS
EUR 500,000 + privately-owned residence in Cyprus valued at EUR 1,5 million (minimum)
APEX sells and develops real estate internationally. Learn more about our end-to-end client representation and project management from concept to completion.
Offering a comprehensive suite of financial and advisory services, APEX assists clients in navigating the complexities of international investing.
APEX empowers clients with a range of investment advice, enabling more informed decision-making and the accomplishment of their financial goals.
PENINSULA VILLAS, LIMASSOL MARINA
This development features 236 luxurious residential units boasting sea and marina views. This exclusive waterfront development in the heart of Limassol offers elegant residences, plus a full service marina with its own shopping and dining areas.
AKAMAS BAY VILLAS, LATCHI
Spacious detached villas, in a contemporary design, afford up to 481 square meters of living space. Cyprus’ most exclusive beachfront address within an unspoiled area of the country sets a new standard in luxurious living.
Alexander Heights is a 69 property development in one of Cyprus’ most prestigious neighborhoods. The development offers privacy, unmatched luxury, and horizon-wide Mediterranean views.
Vice-president, International operations and business development
«A second citizenship enables you to gain more personal and economic freedom and is an integral part of international asset diversification.»