Cyprus is one of the easiest countries for you to obtain a citizenship. This is because the government will be willing to offer you citizenship if you are willing to invest for the betterment of the country. The country also provides a lot of benefits for the investors in the country. This is done so that they will bring a lot of investment towards the country. There are many benefits like visa free accesses to 159 countries, go to any European country you want, there are many holiday resorts there at Cyprus and the Cyprus passport is one of the world’s most powerful passports.
There are a few requirements that you should fulfill in order to get a passport in Cyprus. There are many people who try to apply for a citizenship in Cyprus day by day the numbers keep increasing. The basic requirements for the Cyprus citizenship by investment are that you should have no criminal history which is of utmost importance and the government will check for this thoroughly.
Then the applicant is able to select the investment option he likes from the many options. The minimum investment option available in Cyprus is 2 million euros is a the most needed criteria in order to get the citizenship. The investment options the person has to choose from are in real estate, infrastructure projects and land development. The next investment option that the applicant has is on purchasing, participation or creating business or companies in Cyprus. Here the person has to have evidence that the business is present in Cyprus and a compulsory change of shares from deposits is there in the criteria of this option. It is also possible to invest in AIFs (alternative investment funds) or investment in financial assets in Cyprus or investing in CYSEC licensed organizations in order to fulfill the criteria needed to get the Cyprus citizenship. Combination of the above investment options is also possible in order to get the criteria that is needed to be fulfill to obtain the citizenship of Cyprus.
The investment that the applicant does has to be in the country for a minimum of 3 years in order to get the citizenship of the country. The other requirement that has to be met is that the applicant should have a permeant residence in Cyprus of minimum value of 500,000 euros and if an investment is done for a property this requirement is not needed.