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Beauties of occupied Cyprus

European Citizenship

The Cyprus Government has approved a revised scheme for granting Cypriot Citizenship to non-European entrepreneurs and investors.

 

Cyprus Passport Holders may enjoy freedom of movement within 28 European countries, member of the European Union, plus Switzerland, Lichtenstein, Norway and another 119 Countries world wide.  Futhermore, they are entitled to enter, reside, work in any of the coutnries of the European Economic Area.  The Island of Cyprus has an extremely advantageous geografical location and can be considered as the Crossroad of Europe-Asia-Africa.  Due to the unique location, it can act as a bussiness hub for global companies.   Also, in terms of lifestyle Cyprus is considered top 5 Countries in the World in terms of Happiness, standard of Living and Safety. 

 

 

The most important changes are:

  • The investment amount has been reduced to €2 million
  • No need for collective group application
  • The bank deposit option has been abolished
  • The maximum bond amount has been set at €500 000
  • Parents of the investor are entitled to apply

 

Requirements and Conditions

 

  • Approval will be issued within approximately 3 months.
  • €2 million (plus Vat if any) Investment in a selection of Residential Properties, out of which one property is to be used as a permanent residence of a minimum value of €500,000 (plus VAT if any). The remaining € 1.5 million can be invested in a range of residential properties only, which may be resold after 3 years. 
  • €2 million (plus vat if any) - Investment in a single property to be used as a residence.  The residence must be retained by the investors for a period of 3 years. After 3 years the Investor has the right to sell his property and keep or  buy another at a minimum value of €500,000 (plus VAT if any). 
  • Members of the same family, who apply separately can acquire a residence, provided that the total value of this property covers the amount of €500.000 per each applicant.  
  • If the purchase value of the permanent residence exceeds the amount of €500.000, part of this additional amount can be used for purposes of supplementing the total amount of the investment made in the basis of the criteria of Part 2 above.
  • Any property/ ies purchased during the past 3 years, can also be included in the required investment amount.
  • The applicant, prior to his naturalization as a Cypriot citizen must hold a residence permit in Cyprus.  If the applicant does not already hold a residence permit, he may apply for an immigration permit on the basis of Regulation 6(2) of the Aliens and Immigration Law, simultaneously with the application for naturalization. 
  • The program applies to the immediate family of the applicant i.e the spouse and dependent children up to the age of 28 if full time university students.
  • Applicants must hold a clear criminal record from the country of origin and the country of residence (if different). 
  • No requirement to physically reside in Cyprus, before/ after approval. 

Benefits

  • Personal Safety
  • Safety on Investment
  • Cyprus allows multiple citizenship
  • Same rights as any European Citizen
  • The whole family can obtain citizenship
  • You can travel, live, work and study anywhere in the European Economic Area (E.U, Iceland, Liechtenstein and Switzerland)
  • Additional insurance against political instability
  • Travel to 157+ countries without a visa
  • Zero inheritance, gift, wealth and immovable property taxes
  • Favorable Coorporate Tax.
  • No need to reside in Cyprus
  • Access to some of the highest education and healthcare institutions in the world
  • The investor is able to rent out his residence
  • Offers an effective tool for family and tax planning
  • Free movement of capital, services and goods
  • The eligible investment is not limited to properties purchased for the first time.
  • This is an investment NOT a donation
  • No Language requirements or interviews
  • Fast Track Proceedures