Country Profile

Cyprus is a commonwealth nation in the Mediterranean that is located South of Turkey and east of Greece. It is a member of the Eurozone and the European Union allowing this small country access to the economic and financial resources of the EU, consequently Cypriot people enjoy a high quality of life, the lowest crime rate in Europe and a long life expectancy.

Cyprus is also a sought after tourist destination for its beautiful beaches, architecture and unique cuisine. This also gives it a reputation as a paradise for retirement. Cypriot people are internationally recognized for their literary history, their sporting prowess and their contributions to cinema.  Cyprus has a history that involves several influences from civilizations around the Mediterranean and this shows in their distinctive architecture and lifestyle.

Facts and Figures
 Population: 1,410,000
 GDP: 19,931,000
 Per Capita GDP: $25,248
 Size: 9,251km²
 Capital: Nicosia
Cyprus is a country which is preparing to undergo massive development over the next few years. There is a luxury marina is planned as well as a new casino resort which will attract 500,000 more tourists annually.  Also, natural gas reserves have recently been discovered just in off the coast of Cyprus. The reserves contain enough natural gas to supply Europe for the next 20 years creating an entirely new industry for Cyprus that will allow them to become prosperous for years to come. 

Scheme for Naturalization of Investors in Cyprus by exception

Program Details

To obtain a passport, applicants must be over 18 years old and not a European citizen. Applicants must purchase a permanent resident by purchase of a 1st time buy  immovable property to the value of € 500K Euro’s and hold indefinitely. Clean Criminal Record.  €2m Shares are redeemable after 5 years. Applicant must not appear and source of wealth not appear under sanctions of the European Court or similar sanctions list. 


Policy

Based on subsection (2) of section 111A 19th March 2014, the “Scheme for Naturalization of Investors in Cyprus by exception” has been enacted. 165 applications have been completed as of March 2015.

EU citizenship can live and work in all 28 EU member states and hold the same rights as those citizens in those states. Visa free travel to 146 countries.
Latest News
Cyprus is currently undertaking development projects to grow several industries that are important to the local economy beginning with long-term investment into expanding the Suez canal and exploring the recently discovered oil reserves. In the health sector, the final steps are being taken to roll out a National Health Service, and the reputation for certain specialist medical procedures is increasing. 

In the tourism sector, following an increase of 8.9% industry-wide, larger investments are beginning to attract attention. In 2015, Cyprus was as the top Mediterranean and Europe Wedding Tourism location with over 8,000 weddings and seven new golf courses were opened. And perhaps the most exciting industry news, the newly planned Casino Resort is predicted to increase government revenues by €35 to €50 million.
PROJECTS