Cyprus (E.U.) Passport/Nationality

An individual from a non-EU country can obtain a Cyprus passport through a procedure called naturalization, based on his/her financial affairs and investments in Cyprus. The investment thresholds set for obtaining a Cyprus passport are as follows (either one option):

1. Direct investment in Cyprus of €10 million (e.g. immovable property, factories, land, business, shares, financial assets)

2. The applicant must set up a Cyprus company/group of companies with an annual turnover of at least €10 million, per annum on average, and at least 1/3 of the applicant’s employees are citizens of the Republic of Cyprus.

3. The applicant is introducing new innovative technological projects within Cyprus, including research centers, subject to conditions.

4. The applicant has personal deposits with Cypriot Banks (or cash deposits of a company which he controls or a Trust) for an amount of €15 million, spanning a five year fixed period.

5. A combination of direct investment, business operation and bank deposits. In such case the applicant must prove an investment value of €15 million in total.

6. The applicant should have established a Cyprus company/group of companies that contributed to the Cyprus economy, through taxes and/or professional fees (legal, accounting, audit) the amount of €500.000 on average per annum.

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