Cyprus passport – investment citizenship in Cyprus

About the program by Aquala Group Ltd.

Since March 19, 2014, residents of countries that are not members of the European Union can obtain the citizenship of Cyprus for investment in unprecedented favorable conditions. As the state is the EU member, holders of its passports can enjoy all the advantages of the European Economic Area residents, including the right to work, visa-free travel, etc.

Aquala Group has been engaged in investment citizenship, therefore our specialists will help to arrange it in the most comfortable mode. We will pick up real estate objects that can be bought for the Cyprus passport, as well as solve other issues.

Legislation of this country, unlike similar programs of other states, allows You to sell an investment asset after 3 years after receiving a passport. Another plus is a large selection of investment options, including government bonds and housing.

Very important to know that Cyprus passport is not a residence permit or a visa, but rather full citizenship of the EU-member state.

The main advantages of the Cyprus passport program

The investment asset is allowed to be sold in 3 years, while the property of the citizen must remain residential property for € 500 thousands.
No double taxation in Cyprus, international tax planning tool and financial confidentiality to the Cyprus passport holders.
The process takes less time than in other European countries: it is possible to formalize the citizenship of Cyprus through investments in just six months.
The minimum investment for the whole family is € 2 million plus VAT (if applicable). You can invest in property as well.
Cyprus legislation permits dual citizenship.
Citizens of the country can enter universities in different European countries with a reduced fee for tuition.
Investments in Cyprus allow You to become a citizen of the state without passing exams on language and history.
Residing in the territory of the country before, during and after registration of documents is optional.
Residents of the Republic have the right to visa-free entry into more than 150 countries.
Cyprus citizenship when purchasing real estate or other investments is provided not only to the applicant, but also to his spouse, parents and children (all minors and adults under 28, if they study in universities and are financially dependent).
Citizens of Cyprus have the right to enter, reside, study and work in the EU and other countries of the European Economic Area (Switzerland, Norway, Iceland, Liechtenstein, etc.).

Investment criteria – Aquala Group Ltd.

The applicant is required to comply either with a single one or with a combination of the below criteria

Investment in government bonds.

The applicant may to purchase state bonds of the Republic of Cyprus for 500,000 Euro maximum.

Investment in real estate, land development and infrastructure projects.

The applicant has to make an investment of at least €2 million in the purchase, or construction of buildings, or for the construction of other land development projects (residential or commercial developments).

Purchase, creation or participation in Cypriot business or companies

The applicant has to make an investment for at least €2 million in the purchase, creation participation in businesses or companies, that are based and operating in the Republic of Cyprus. These businesses or companies should obligatorily have a tangible presence in Cyprus and employ at least five (5) Cypriot citizens.

Investment in financial assets of Cypriot companies or Cypriot organizations.

The applicant has to purchase financial assets of Cypriot companies or Cypriot organizations (bonds/ securities/ debentures registered and issued in the Republic of Cyprus) for at least €2 million.

The most cost-effective investment scenario is the acquisition of residential properties with a total value of €2 million, as there is no need to buy a residential property worth €500,000. When investing in government bonds and commercial properties, in addition to the investments of €2 million, the applicant is required to purchase a residential property (1 or 2), worth €500,000.

GOVERNMENT FEES

APPLICANT SUBMISSION FEE CERTIFICATE ISSUANCE FEE TOTAL
Investor €2,000 €5,000 €7,000
Spouse €2,000 €5,000 €7,000
Financially dependent child €2,000 €5,000 €7,000
Minor child €80 €80

Comparison of Cyprus citizenship program to passport programs of other countries

Cyprus Malta Latvia UK Spain St Kits & Nevis
Result EU Passport EU Passport EU Residence for 5 years; passport after 6 years plus exams in the Latvian language and history EU Residence for 5 years (3 years then 2 years); passport after 6 years plus exam in English EU Residency for 5 years Passport St Kits & Nevis
Time to obtain passport 3 months 12 – 14 months 6 years 6 years 10 years 4 – 6 months
Currency EUR EUR EUR GBP EUR USD
Amount of investment 2,500,000 500,000 (or 150,000 plus rent of a property for minimum 16,000 for 5 years) 250,000 2,000,000 500,000 400,000
Donation 650,000 (plus 50,000 for every adult family member and 25,000 for under 18) Optional
Duration for investment to be kept 3 years 5 years 5 years 5 years 5 years 5 years
Assets Bonds or securities of Cyprus companies or Real estate or Business or Deposit Bonds and Real Estate Real Estate Bonds or securities of the UK companies (75%) and Real Estate or Deposit (25%) Bonds or Real estate or Business Donation or Real Estate
Physical residence No 6 -12 months No Not to be absent for more than 450 days within first 5 years and not more than 90 days within the 6th year Yes No
Dual citizenship Yes Yes No Yes No Yes
Visa free travel, residence and work in EU Unlimited Unlimited Free travel in Schengen countries and residence in Latvia, no working permission Residence in the UK, no working permission Free travel in Schengen countries and residence in Spain, no working permission Free travel in Schengen countries and the UK limited to 180 days a year; no working permission

The villas, have been specifically designed for the premium location of Agios Athanasios Hills in Limassol city, with approximately 200m above the sea level that allows magnificent views in all directions.


The land sets on a steep cliff and surrounded by the mountains, the city and the sea. The villas are arranged on the edge of the cliff like a lighthouse having spectacular unobstructed views of the surrounding sea. This key element powers each villa shape offering in parallel long panoramic views internally through engaging with the surrounding landscape. Towards south the user will enjoy sea views and views of the cosmopolitan town of Limassol, in north direction can enjoy picturesque mountain and landscape views.

The villas were designed to give a sense of contact with the water element inspired by the infinity swimming pool acting as the primary link of the internal space with external and panoramic views, creating as well a cooling sensation. The sustainable design allows the sun to warm up the house during winter and to protect the house from the sun during summer. The bioclimatic design of the villas, the cooling feeling through the contact of water and the use of sun are consistent in developing a highly dynamic and modern but also eco-friendly design.


The geometric form of the villas is generated through research to meld with the described dynamism of the topography and coalesce into the landscape. A strong architectural approach to distinct a unique structure with a strong sense of identity and character, infused with the sense of light and space. Answering these, a specially progressed façade designed to set the sights and creating spaces with visual continuity through elongated opening glazing walls.

The villas are arranged in three sections. The first are the organized spaces that manage the everyday internal functionality and social areas on ground floor. Second, is the signature building volume on first floor managing the very private spaces and needs. Third are the undergrounds that providing all the additional functional spaces that fulfill specific needs of the premium users of these villas.


In conclusion, the final building product is transforming the everyday functional space, literally into a “viewing tool”.