CYPRUS INVESTMENT PROGRAMME

 

INVESTMENT CRITERION

Cyprus citizenship may be obtained through a secure property investment:

€2 Million investment in residential real estate (in a single property or portfolio)

Parents of the main investor can be included in the application provided that they purchase a property with a value of at least €500,000. This amount can be pooled in the main investment if preferred.

– €75,000 contribution in the Research Innovation Foundation

– €75,000 contribution in the Cyprus Land Development Corporation

APPLICATION CRITERIA

In addition to making a real estate investment applicants must also meet the following criteria / supply the following documents:

– Passport (copy)

– Birth certificate

– Detailed biography

– Police clearance certificate

– Marriage certificate (if applicable)

– Due Diligence Report (issued through an internationally accepted database such as LexisNexis and World-Check)

– Schengen Visa (copy)

– Declaration on previous citizenship applications in EU Member State

APPLICATION FEES

 

GOVERNMENT FEES

– Submission fee €2,000 per adult, minor child €80

– Approval fee €5,000 per adult

– Permanent residency application fee €500 per family & 70 per person

TAXES

– Vat may be reduced to 5% on the first property purchase (first 200m²), instead of 19%

– Additional taxes and duties approximately €4,000

CONDITIONS

1. The main investment may be sold after five years; however, the investor must always maintain/purchase a property with a value of at least €500,000

2. Property purchased up to 3 years prior to the submission of the citizenship application will count towards the required investment

3. Applicants must hold a clean criminal record from the country of origin and country of residence if different and their name must not be on the list of

persons whose property is ordered to be frozen within the EU

4. Applicants who have applied for citizenship in another EU Member State and has been rejected are not eligible to obtain the Cyprus citizenship

BENEFITS OF THE CYPRUS INVESTMENT PROGRAMME

 

FAST PROCESSING TIME

only 6 months to obtain Cyprus Citizenship

APPLIES TO ALL FAMILY

All family can obtain Citizenship i.e. main applicant, spouse and dependent children

LANGUAGE

There is no language requirement

FREE MOVEMENT

Cyprus passport holders have the right to live and work anywhere in the 27 countries of the EU and the right to travel visa-free to 168 countries

EDUCATION

Have the right to study in the EU for free or for special tuition fees applicable to EU students depending on EU country

RIGHT TO VOTE

All European Citizens have the right to vote and stand for European Parliament Elections

NO RESIDENCE REQUIREMENT

No need to reside in the country at any point in time

DUAL CITIZENSHIP

Dual Citizenship is allowed. There is no need to renounce current citizenship

VALID FOR LIFE

Citizenship can be passed to future generations by descent

NO TAX CONSEQUENCES

No tax consequences unless one opts to become a tax resident in Cyprus

 

Cyprus Citizenship ( Ministry of Interior official link )

Find investment properties