
Cyprus Revokes 28 More CBI Citizenships, Bringing Total to 360
The current Cypriot administration has revoked citizenship from 150 people, including 41 main investors and 109 family members.
Cyprus is a low-tax, business-friendly jurisdiction that enjoys a warm, Mediterranean climate. Its permanent residence program has a relatively low investment threshold – in a European context – and enables a path to EU citizenship within just over five years of physical residence.
Though applicants must visit the country once every two years to maintain their permanent residency status, the program stipulates no physical presence requirements.
Applicants may include both their nuclear family members as well as their parents in a single application, the processing of which is generally completed within 2-3 months and with very high rates of approval.
Prospective participants in the program have four different investment options:
After completing the necessary application steps and completing the background checks, the application will then be examined by the Civil Registry and Migration Department and will be submitted to a permanent secretary of the Ministry of Interior. After receiving approval the applicant will need to visit Cyprus to obtain their ID, and PR card valid for five years.
In order to maintain their permanent residency, applicants must visit once every two years. In order to qualify for citizenship, applicants under the investment program and being physical present in the country for five years (total of 1825 days) of legal stay in Cyprus is entitled to apply for Cyprus Citizenship. The normal route for citizenship is 7 years (total of 2555 days of staying in Cyprus) before applying for citizenship.
Basic knowledge of the language, history and culture of Cyprus will be among the new stricter criteria to be fulfilled before the granting of Cypriot citizenship.
Browse 195 countries’ paths to citizenship in the hyper-detailed IMI Citizenship Catalog.
Applications for this program may be directed to Civil Registry and Migration Department.
Legislation upon which this program is based on Regulation 6(2) of the Aliens and Immigration Regulations.
As noted in the program qualifications above, an investor can qualify for this program with a local property purchase above the minimum investment threshold. View eligible properties curated by IMI and our real estate partners:

The current Cypriot administration has revoked citizenship from 150 people, including 41 main investors and 109 family members.

A Chinese man wanted by Interpol for bribery claims Cypriot authorities didn’t notify him of his passport’s revocation, but the court found no ‘irreparable harm.’

Charles Savva has dismissed opposition concerns, labelling them as “complete and total political nonsense.”
See more statistics on this program and others in the IMI Data Center.