Residency €300,000 investment. Citizenship €2.5 million.
Cyprus is one of the most affordable countries in Europe for residency through its golden visa programme. An investment of just €300,000 in real estate is required. Each applicant also needs to deposit a minimum sum of €30,000 into a Cypriot bank account. Cyprus is outside the EU Schengen visa zone but it is unique in its offering of immediate citizenship by investing €2.5 million in property. This grants a Cypriot passport and EU citizenship then allowing the freedom to work, travel, study and live anywhere within the EU including the UK. The investment can be sold after 3 years reducing down to just €500,000.
Key Facts
- Investment of €300,000
- Bank deposit required for each applicant
- Full family residency
- Flexible. No requirement to reside.
- €2.5m for immediate EU citizenship
- Part of the EU but not the Schengen visa zone
The economic slowdown and subsequent EU bailout for Cyprus led to significant falls in real estate values. Prices have fallen sharply to levels that many see as rock-bottom and an opportunity to buy. The investment level in Cyprus is lower than most european countries and this may overcome some of the economic concerns for many investors. The main attraction for high net worth individuals is the immediate citizenship for higher investments.
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