Frequently asked questions
Do you have a question about the citizenship process in Cyprus? We’ve tried to answer it here. If we haven't, give us a call. We'd be happy to discuss any questions you have in person.
Q. What kind of investment do I have to make to be eligible for Cypriot citizenship?
A. You have a wide range of investments options—from investing in Cypriot financial assets and real estate to engaging in business activities in Cyprus—but the minimum investment required to obtain Cypriot citizenship is €2.5 million. For permanent residency, the amount is €300,000. To determine the best option for you, speak to one of our investment specialists.
Q. How long does the application process take?
A. Once you’ve applied, the whole process usually takes about 3 months.
Q. Do I have to live in Cyprus after I obtain my Cypriot citizenship?
A. You do not need to live in Cyprus. You can live in the country of your choice.
Q. Do I need to give up the citizenship I currently hold to become a Cypriot citizen?
A. You do not need to give up your current citizenship. Fortunately, Cyprus recognizes dual citizenship, which means that once you obtain Cypriot citizenship, you may keep whatever citizenship you currently hold.
Q. Does my citizenship ever expire?
A. Your citizenship does not expire. It remains yours for life. Cypriot citizenship may also be passed down to your descendants.
Q. Are my spouse and children entitled to Cypriot citizenship?
A. Once you obtain citizenship, your financial dependents are also eligible for Cypriot citizenship. Dependents include your spouse and children under the age of 18, or children as old as 25 who are
studying. Parents and grandparents over the age of 65 are also eligible.
Q. Does Cypriot citizenship automatically make me a EU citizen?
A. Yes. When you become a citizen of Cyprus, you become a citizen of the EU and are entitled to all the rights and protections guaranteed by its legal system. You and your family may live, work or study anywhere in the EU.
Q. Do I have to pay taxes in Cyprus on income earned abroad?
A. You don’t have to pay taxes on income earned abroad—unless you want to become a Cyprus tax resident. Cyprus tax residency requires that you live in Cyprus for 183 days of the year, or that you reside in Cyprus for more of the year than you reside in any other country.
Q. Do I have to pay taxes in Cyprus if I choose to become a Cyprus tax resident?
A. If you become a Cyprus tax resident, you don’t have to pay taxes in Cyprus, as long as you don’t live in Cyprus. Cyprus tax residents living abroad don’t have to pay taxes on any income earned in Cyprus or abroad.
Q. Can I sell my property once I obtain citizenship?
A. You can sell your property after obtaining citizenship following a mandatory 3-year waiting period, as long as you maintain a residence in Cyprus worth €500,000 plus VAT.