Program requirements include the below:
1. Investment in real estate, developments and infrastructure projects
The applicant should make an investment of at least EUR 2 million for the purchase or construction of real estate.
2. Purchase, establishment, or participation in Cypriot businesses and companies
The applicant must make an investment of at least EUR 2 million in the purchase, creation or participation in businesses or companies that are based and operating in the Republic. These businesses or companies should have a demonstrable and tangible presence in Cyprus and employ at least five Cypriot citizens.
3. Investment in Alternative Investment Funds or financial assets of Cypriot enterprises or Cypriot organizations licensed by the Securities and Exchange Commission
The applicant should purchase units amounting to at least EUR 2 million from Alternative Investment Funds (AIF).
This criterion also covers the purchase of financial assets of Cypriot businesses or organizations for at least EUR 2 million, in the form of bonds, securities and debt securities.
4. Combination of the above investments
The applicant may invest in a combination of the above, provided that the total investment amounts to at least EUR 2 million.The applicant’s investment combination may include the purchase of special government bonds of the Republic of Cyprus of up to EUR 500,000.
Another important requirement that applies, regardless of the investment option chosen, is the purchase and life-time possession of a property in Cyprus that will be declared as the applicant’s residence in Cyprus. The purchase price of the particular property should be at least EUR 500,000 plus VAT. In the case that the applicant proceeds with the real estate option, this property can be included in the EUR 2 million investment.