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New criteria to secure Cypriot citizenship

08.05.2014

The Cyprus Government made a proposal to make new investment criteria that will enable non-EU citizens to secure Cypriot citizenship according to the relevant legislation.

It is now possible through the purchase of property in Cyprus. This can be in the form of individual or collective investments, and applies to property of pre-determined values and property types: residences, offices, retail premises, hotels, resorts, or a development of a similar nature (excluding undeveloped land), and with value of not less than €2,000,000.

These changes were selected to encourage international investment in Cyprus’ economy.

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