The Republic of Cyprus has updated its Naturalization by Exception Programme, effective May 15, 2019. Key modifications include:
Investment Requirements
- Minimum investment increased to €2.5 million plus VAT (previously €2 million plus VAT under certain circumstances)
- Mandatory €150,000 contribution toward donations and startups
Property Holding
- Real property must be held for a minimum of 5 years, up from the previous 3-year requirement
Additional Conditions
- Applicants must obtain a Schengen Visa prior to submitting an application
Prospective applicants seeking Cypriot citizenship are encouraged to begin the process early. Citizens of Cyprus benefit from visa-free access to approximately 173 countries globally.