The simplest and quickest way to obtain European Union citizenship is through the Cyprus program. A Cypriot passport grants its holder all the rights of EU citizen which means one can take advantage of the education system, employment and business opportunities in any country of the EU, Iceland, Switzerland, Liechtenstein and Norway.
The passport is ranked as number 7 in the world, with visa free travel access to 165 countries. For a minimum investment of €2 million into residential, commercial or agricultural real estate project the applicant is able to apply. The applicant can also apply with their spouse and dependent children until the age of 28, provided one can prove that they are still financially dependent. With the investment criteria being full filled and a strict due diligence process citizenship is granted and can be passed down for generations to come.
There is no need for the applicant to reside in Cyprus during and after the application process and dual citizenship is allowed. Unlike many EU passport programs, no language or history exams are required by the applicant and it typically takes no more than one year for the entire application process. One of the great advantages of the Citizenship by Investment program in Cyprus is that the real estate investment made is able to be withdrawn after a holding period of three years without affecting the investors passport rights. Since September 2016 the main applicants parents are also able to obtain citizenship if they acquire residential property in Cyprus for a minimum of €500,000 each, allowing for the entire family to gain a European passport through a fast track process.