Property Investment in Cyprus

| 12 Nov 2020

Cyprus Citizenship by Property Investment

As of 1st November 2020, the Cyprus Investment Programme is closed until further notice. Contact us for further information.

The Cyprus Investment Programme offers the benefit of travelling to 171 countries without a visa – and ultimately have all the benefits transferred to the applicant's descendants.

Cyprus Investment Programme - Residence Requirements

Investing in Property through the Cyprus Investment Programme, allows applicants to opt for apartments, villas, bungalows, and maisonettes in various parts of the Island and in exchange for such investment acquire citizenship. 

Other routes to Cyprus citizenship include investment in financial assets of Cypriot companies or Cypriot organizations as well as investment in Alternative Investment Funds or financial assets of Cypriot companies licensed by the Cyprus Securities and Exchange Commission (CySec).

From a broader perspective, the Cyprus Investment Programme consists of an investment and residence acquisition requirements. This means that besides the €1.5 million in residential real estate investment, an applicant must make an additional €500,000 investment in a Cyprus residence, or invest a minimum of €2 million in other investment options. Should an applicant already possess a residency worth €500,000, then this residence may be used to satisfy the residency requirement of the Programme. 

Cyprus Investment Programme (CIP) - Cyprus Economy

Following the economic depression experienced during the financial crisis, the Cyprus property market is now showing clear signs of revival. Purchasing Cyprus property is becoming an increasingly attractive investment, and this is attributed to Cyprus’ recovering economy. In this regard, the Cypriot economy grew by 1.6% in 2016, and is expected to expand by a further 2% in 2017.

The housing market is expected to continue improving in the coming months, amidst economic recovery, improvements in the banking system, and increased investor confidence mainly attributable to amendments in the legislative framework offering tax incentives and protection to homebuyers from fraud.

Investing in Cyprus real estate comes with a multitude of benefits and rights, as well as well as the security of a market which is on the rise.

Our specialised Cyprus Investment Practice Group is able to offer you advice in obtaining Cyprus citizenship through the investment route, as well as related requirements such as pre-immigration tax planning. With over 15 years of experience, we are able to offer you insight and guidance to ensure you get the best possible value in return for your investment.

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Key Contacts

Dr Jean-Philippe Chetcuti

Senior Partner, Tax & Immigration

+356 22056411

Dr Antoine Saliba Haig

Senior Lawyer

+356 22056266

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