Citizenship by Investment in Cyprus

Citizenship by Investment in Cyprus


Citizenship by Investment in Cyprus


citizenship


Obtaining Citizenship of the Republic of Cyprus  on exclusive terms for Investors of buying a property, subject to certain criteria set out by the Minister of Interior.

  1. The applicant can make a direct investment into the Republic of Cyprus amounting to at least  €2 million  (plus Vat if any) in residential real-estate. This  must be held for a minimum period of three years.
  2. A €2 million (plus Vat if any) Investment in a selection of Residential Properties, out of which one property is to be used as a privately-owned permanent residence of a minimum value of €500,000. The remaining € 1.5 million can be invested in a range of residential properties only, which may be resold after 3 years.
  3. The applicant’s parents are also entitled to apply for a Cypriot Passport / EU Citizenship by exception provided that they own a lifetime residence of at least €500.000 (excluding VAT). The application is submitted after the investor has acquired the Cypriot citizenship.
  4. The applicant, prior to his/her naturalization as a Cypriot citizen must hold a residence permit in Cyprus.If the applicant does not already hold a residence permit, he/she 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.
Benefits of the Cypriot Citizenship by Investment Program:
  • Cypriot Citizenship can be obtained within 3 months
  • Travel to 157 Countries visa-free, including the EU and Canada
  • No residence requirements for citizenship (Investors must visit Cyprus one time in every 7 years)
  • No language requirements
  • Gain the right to live, Work and study in the EU
  • Free movement of services, capital and goods
  • Option to invest in Real Estate, hence recoverability of funds
  • Citizenship can be passed to future generations by descent
  • Cyprus is a common law jurisdiction
  • Property acquired is freehold
  • No inheritance Tax
  • Abolishment of Capital Gains Tax (20%) for every property purchased (valid until 31/12/16)
Requirements:
  • Clean criminal record
  • Ownership of a permanent residence in Cyprus of at least €500.000