Acquisition of Cypriot Citizenship based on years of residence and based on the Cyprus Investment Programme

One of the main objectives of the economic policy of the Republic of Cyprus is to further encourage Foreign Direct Investment and to attract High Net Worth individuals to settle and do business in Cyprus.

In order to do that, the Cyprus Government decided to simplify Regulation 6(2) of the Aliens and Immigration Regulations in order to issue more efficiently residence permits to applicants from non-European countries.

Within this framework and considering the strong investor interest, the Government of Cyprus has established and revised a “Cyprus Investment Programme” on the basis of subsection (2) of section 111A of the Civil Registry Laws of 2002-2017, with specific incentives, terms and conditions, and control procedures in order to prevent abuse.