Cyprus is a member of Euro zone since 2008 and but not a member of Schengen Area. Cyprus is a EU member country since 2004 with 6 seats in Euroepan Parliament. Recently Cyprus passport is rated as 16th powerful passport in the world with visa free access to 158 countries  by Henley restrictions index.  Cyprus also given 9/10 points for freedom of movement, by the CBI index rankings.
Cyprus citizenship by investment program is open to rich foreign investors who are able to invest 2 million euros in Cyprus. Investors are given a cypriot passport against the investment made in 6 months under the CBI program.
Cypriot citizens holding valid passports do NOT require a visa to enter the following countries:
- Albania
- Israel
- Saint Lucia
- Andorra
- Italy
- Serbia
- Argentina
- Jamaica
- Seychelles
- Austria
- Japan
- Singapore
- Barbados
- Korea, Republic of (South)
- Slovak Republic
- Belgium
- Latvia
- Slovenia
- Belize
- Lesotho
- South Africa
- Bolivia
- Liechtenstein
- Spain
- Bosnia & Herzegovina
- Lithuania
- Swaziland
- Brunei Darussalam
- Luxembourg
- Sweden
- Bulgaria
- Malawi
- Switzerland
- Canada
- Malaysia
- Trinidad and Tobago
- Central African Republic
- Maldives
- Ukraine
- Chile
- Malta
- United Kingdom
- Colombia
- Mauritius
- Uruguay
- Costa Rica
- Mexico
- Vanuatu
- Croatia
- Moldova
- Zambia
- Czech Republic
- Monaco
- Denmark
- Montenegro
- El Salvador
- Morocco
- Estonia
- Netherlands
- Finland
- New Zealand
- Non UN Members / Territories
- France
- Nicaragua
- FYR of Macedonia
- Norway
- Hong Kong S.A.R
- Gambia
- Panama
- Macao S.A.R
- Germany
- Paraguay
- Greece
- Peru
- Grenada
- Philippines
- Guatemala
- Poland
- Hungary
- Portugal
- Iceland
- Romania
- Ireland
- San Marino
Very Important Notes:
- The above Table was constructed according to all the information received from the Diplomatic Missions of the Republic of Cyprus and from all the Foreign Diplomatic and Consular Missions of Foreign Countries in Cyprus.
- Cypriot nationals travelling to Albania and Belize will be given a visa upon arrival.
- Cypriot nationals travelling to Brunei Darussalam will be given a visa, valid for a 14-dayvisit, upon arrival.
- Cypriot nationals travelling to Gambia and Indonesia will be given a visa, valid for a 21-dayvisit, upon arrival.
- Cypriot nationals travelling to the Maldives and Malaysia will be given a visa, valid for a 30-day visit, upon arrival.
- Â Cypriot nationals travelling to countries NOT mentioned above, NEED TO APPLY for a Visa.
Note: Please check for visa requirements from embassy/consulate prior to travel and the above listed below may change from time to time.
Source: Â http://www.careproject.eu/database/upload/CYother002/CYother002Text.pdf
