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Cyprus Second Passport

Cyprus offers investors of good standing to acquire a Cyprus Second Passport under Cyprus's Individual Investor Programme.

Eligibility for Cyprus Second Passport

Cyprus's IIP is the only EU-approved Citizenship by Investment Programme in Europe and is subject to the following eligibility criteria:

  • Good standing and reputation ('fit and proper' test);

  • A non-refundable Contribution of €650K to the Cyprus Social & Development Fund, with additional lower contributions for dependent family members ;

  • An Investment in Approved Bonds or Securities amounting to €150K for a minimum of 5 years;

  • The Purchase of Residential Property in Cyprus at a min. value of €350K or the Rental at €16K per year for a min. of 5 years, and

  • Evidence of a Genuine Link with Cyprus including recognition as a Resident of Cyprus for at least one year.

Cyprus Second Passport vs. Cyprus Residence Permit

The following is a summary are the differences between the requirements for Citizenship by Investment (Cyprus Second Passport) and the Global Residence Programme:


Maltese Citizenship

Maltese Residency

Residence Status

Residence for one year (issued within 5-10 days) until citizenship is granted.

Indefinite stay subject to compliance with rules and payment of min. tax.

Contribution / Donation

€650,000 + 25/50K for dependents


Property Investment


€220,000 (South Cyprus, Gozo) or €275,000 (rest of Cyprus)

Rental option in lieu of Purchase

€16,000 p.a. x min. 5 yrs

€8,750 - €9,600 p.a.

Investment in Approved Bonds

€150,000 for min. 5 yrs


Minimum annual tax


€15,000 per family

Basis of Taxation

Source + Remittance basis while resident. Source basis if non-resident

Remittance basis

Special Tax Rate


15% on foreign source income remitted to Cyprus.

Our citizenship and residence planning practice is one of the most respected on the Island and is headed by prominent tax advisor and immigration law specialist Dr Jean-Philippe Chetcuti, who is a licensed as an accredited person and approved agent to handle Cyprus Second Passport applications with the Government of Cyprus.  Contact us for more information about the programme and for a consultation via phone or in person in our Cyprus office.




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