In 2016, the Cyprus Council of Ministers approved the amendments to the Scheme for Naturalizations of Investors in Cyprus by Exception. Said scheme is based on subsection (2) in section 111A of the Civil Registry Laws of 2002-2015. Any non-Cypriot citizen may apply for Cypriot citizenship through Naturalization by Exception if the applicant makes an investment of at least €2,000,000 for the purchase of real estate or invests in any Cypriot companies and business. Citizenship is granted to the whole family, their spouse and all financially dependent children under 28 years old.
1. The applicant must be at least 18 years old.
2. Certificate of No Criminal need to be applied.
3. Either make an investment of at least €2,000,000 for the purchase or construction of real estate.
4. Invest at least €2.5 million in commercial units in Cyprus, including a residential property valued at €500,000 plus VAT.