No. Cyprus no longer offers direct citizenship by investment. The current programme allows for obtaining permanent residency by investment, and then potentially applying for citizenship after several years of legal residency and subject to conditions.

The minimum amount is €300,000. The investment may particularly concern a new residential property, a commercial property, the capital of a Cypriot company, or certain Cypriot investment funds.

For a complete file, the official review period is approximately 2 months. In SEO/commercial practice, it is wiser to state 2 to 3 months in order to account for the preparation of the file and any potential administrative exchanges.

There is no requirement for a heavy annual residence, but the permit may cease to be valid if the holder is absent from Cyprus for two years or if they acquire permanent residency in another country.

No, not automatically. Cyprus is a member of the European Union, but it is not yet part of the Schengen area. A Cypriot residence permit grants the right to live in Cyprus, but it should not be presented as a Schengen residence permit.