Cyprus Golden Knowledge Programme

The Cyprus Golden Knowledge programme emphasizes knowledge and skills rather than pure financial investment, distinguishing it from the now defunct «golden passport» programme. The programme is designed to facilitate the integration of skilled professionals into the Cypriot economy and society. In a move to attract technology professionals, the island has made it easier for them to obtain citizenship.

Eligibility Requirements

To qualify for citizenship under the Cyprus Golden Knowledge programme, applicants must meet a range of criteria regarding residency, language proficiency, financial stability, and personal character.

Below are the specific requirements for highly skilled applicants:

• Residency:
  • Four (4) years of lawful residence in the Republic out of the preceding ten (10) years, along with a certificate of Greek language proficiency at level A2;
  • Or three (3) years of lawful residence in the Republic out of the preceding ten (10) years, along with a certificate of Greek language proficiency at level B1.
• Financial Requirements: Applicants must demonstrate financial self-sufficiency.
• Accommodation: Adequate accommodation in Cyprus is required.
• Character: Applicants must have good character and a clean criminal record.
• Knowledge of Cyprus: A general knowledge of the current social and political circumstances of the Republic is required.
• Continuous Residence: Applicants must have continuously resided in Cyprus for the 12 months preceding the application. Absences of up to 90 days are permitted during this period.

Differences for General Applicants

For applicants who are not highly skilled professionals in research and innovation, the residency requirement is adjusted.

General applicants must show seven (7) years of lawful residence in the Republic out of the preceding ten (10) years.

Family members, including spouses, civil partners, and dependent adult children with disabilities, may also apply for citizenship, provided they fulfil the residence requirements. This inclusive aspect of the programme makes it attractive for skilled professionals seeking to relocate their entire family to Cyprus.

Application Process

The application process for the Cyprus Golden Knowledge programme is designed to be straightforward and efficient, ensuring a smooth pathway to citizenship for eligible individuals. Applicants need to prepare the necessary documentation, which includes:

• proof of residence;
• financial statements;
• criminal record report;
• proof of accommodation;
• language proficiency certificate.

During this period, applicants may also be interviewed to assess their general knowledge of the social and political landscape of Cyprus.

Legislation and Legal Framework

The Cyprus Golden Knowledge programme was established under the 2023 amendments to the Civil Registry Law, specifically Law 149(I)/2023. This law provides the legal basis for the programme and outlines the criteria and procedures for obtaining citizenship.

Cyprus continues to offer Residence for Investment in real estate from €300,000. Enquire more and schedule a personal consultation with Tranio’s expert.

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The new programme is oriented towards the attraction of highly skilled talent rather than merely affluent individuals, aiming to ensure that the contribution to Cyprus is not just monetary but also intellectual and social.

Economic Objectives and Impact

The primary goal of the Cyprus Golden Knowledge programme is to bolster the research and technology sectors by attracting skilled individuals, whose expertise can drive innovation and economic development. By focusing on highly skilled professionals, the programme aims to foster a community of experts capable of enhancing Cyprus’s position as a hub for technological advancement and scientific research.

Currently, research and technology companies contribute approximately €3.2 billion annually to the Cypriot economy, with local talent filling 70% of available positions. By bringing in skilled professionals, the programme also aims to create a knowledge-driven economy that will have a positive ripple effect on various other industries within Cyprus.

Limassol has become the focal point of the Cyprus startup boom phenomenon. According to TechIsland, the city was home to 310 startups with 18,500 employees in 2023, rising to 334 and 19,286 employees by November 2024.

Comparison to Other Citizenship by Investment programmes

The Cyprus Golden Knowledge programme stands out significantly from traditional citizenship by investment programmes.

Unlike the typical approaches taken by other nations, where citizenship can often be purchased through substantial financial contributions alone, the Golden Knowledge programme requires applicants to demonstrate their skills, knowledge, and potential contributions to the Cypriot economy.

This approach places Cyprus in a unique position, as it aims to attract individuals who are not only financially stable, but also bring value through their expertise and capabilities. In comparison to other nations’ «golden passport» programmes that might emphasize property purchases or bonds, Cyprus’s emphasis on professional contributions and innovation creates a distinct pathway for both personal success and the nation’s growth.

Author: Tranio Editorial