Citizenship · Europe

Cyprus Investment Programme (Closed)

Status: Closed in 2020

Cyprus abolished its citizenship by investment program with effect from 1 November 2020. Investors can still obtain permanent residence instead.

Decision summary

Minimum investment: Not applicable — closed. The former threshold was reported at about USD 2.5 million, usually in real estate.
Important restrictions: No new applications since 1 November 2020.
Program status: Closed

Overview

The Cyprus Investment Programme granted citizenship to investors, usually through real estate of around USD 2.5 million. The government announced its abolition on 13 October 2020, and it ended on 1 November 2020.

The decision followed an investigation by Al Jazeera and leaked files that alleged serious failures in vetting applicants. The government cited weaknesses in the program and abuse of its provisions.

Cyprus still offers permanent residence by investment, which does not lead to citizenship by itself.

Investment pathways

Investment pathway: Closed. The former route was a large investment, usually in real estate, leading directly to citizenship.
Minimum investment: Not applicable — closed. The former threshold was reported at about USD 2.5 million, usually in real estate.

Considerations, limitations and risks

Important restrictions

No new applications since 1 November 2020.

This program no longer accepts new applications; it is shown for reference only.
Former requirements are historical and must not be relied on for a new application.
People who obtained status under the program should take advice on their own position.

Status and authority

Operational status: Closed
Official government authority: Ministry of Interior, Cyprus

Programme rules change; your advisor confirms every figure before you commit.

Frequently asked questions

When did the Cyprus citizenship program close?

It was abolished with effect from 1 November 2020, after the government announced the decision on 13 October 2020.

What are the alternatives?

Cyprus permanent residence by investment remains available. For EU citizenship, there is no investment route today; options are residence programs that may lead to naturalisation over time.

Can I still apply?

No. The program is closed to new applicants. Speak to us about the open alternatives.