7. Cyprus
Citizenship Cost: $2.7 million
Cyprus is a beautiful, advanced and highly developed country. It is located in the Mediterranean Sea, being close to Europe, Asia, and Africa. The only thing that spoils the idyllic image of the country that ranks 7th in our list of cheapest countries that sell citizenship is the fact that it’s divided into two parts. The more developed and desirable south part is a member of the European Union while the northern part belongs to The Turkish Republic of Northern Cyprus that isn’t recognized as a country. The point is, the southern part is one that should interest you. If you want to get Cyprus citizenship, you better prepare for heavy spending. There are various ways you can obtain citizenship of Cyprus by investment. They all include investing €2 million in stock, bonds, properties or business located on the territory of Cyprus as well as purchasing €500,000 worth residential property. This sums up closely to $2.7 million. Previously, the investment amount was €5 million, but after the revision on October 13th, 2016, the amount was lowered. The benefits of holding a citizenship of Cyprus include the ability to work, travel and study in the EU countries as well as visa-free traveling to 159 countries. You don’t have to live in Cyprus, but visiting once in 7 years is a must.
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