CYPRUS
“Cyprus is attractive to high-net-worth investors due to the speed in which visas can be issued when investing in qualifying properties.”
GREECE
From May 2019, Cyprus introduced a stricter criteria for its golden visa offering. Cyprus currently offers two programs through real estate investment, one for residency and the other for citizenship. Currently, an investment of €2.0 million is required, which can be reduced to €500,000 after three years. From 15 May this will increase to €2,150,000 and the investment will be needed for five years. Stricter background checks on applicants will also be instigated from May. Cyprus is attractive to high-net-worth investors due to the speed in which visas can be issued when investing in qualifying properties.