Can a buyer of the property in Cyprus may acquire the Cyprus nationality?
A buyer or an investor in Cyprus can acquire Cypriot Nationality and eventually a Cyprus passport either through the normal procedure or through the procedure by exemption. With regards the normal procedure the most important criterion is that the applicant must stay in Cyprus 1893 days approximately but not continuously. With regards the procedure by exemption the most important criterion is the amount of money to be invested in Cyprus which currently is the minimum amount of Euro 2.500.000=. Though the criteria for the procedure by exemption are currently under review from the Government and it is expected for the new regulations to be announced shortly.