EU CITIZENSHIP BY INVESTMENT

EU CITIZENSHIP BY INVESTMENT

CYPRUS

The Cyprus citizenship program offers the most simple and efficient means of obtaining EU citizenship, it is the only direct EU citizenship program as it has absolutely no residency requirement and citizenship is approved in just 3 months. Investors and their families can obtain full EU rights, including the ability to live and work in any EU country practically immediately!

TIME TO
CITIZENSHIP

                        3 Months

VISA-FREE
TRAVEL

                       168 Countries

EXIT
STRATEGY

                      3 Years

RESIDENCY REQUIREMENT

                       None

DUAL
CITIZENSHIP

                        Permitted

TAX
CONSEQUENCE

                      None

ELIGIBILITY

ALL Nationalities

FAMILY

Investors, Spouse, dependents

                      up to age 28 & parents

                      of main investor

Applying for Cypriot Citizenship

Immigration Policy

To further encourage Foreign Direct Investment and to attract HNWIs to settle and do business in Cyprus, Government of Cyprus has established and revised the “Scheme for Naturalization” for non-Cypriot investors, of which one must meet one of the following investment criteria to obtain naturalization:

1. Purchase one or more residential real estate valued at least 2 million Euro in Cyprus and hold it for at least 3 years. At the end of the period, the application can choose to maintain only 500,000 Euro residential property and continue to hold it.

2. Purchase 2 million Euro investment and hold it for 3 years can be a combination of real estate and/or financial investments. Investing in the following real estates in Cyprus can be :
a) Residential
b) Commercial
C) Infrastructure
d) Land, provided there is a development plan in place.

3. Holding Cypriot government bonds that does not exceed 500,000 Euro.

4. Holding the majority of the share in Cypriot company or business and hiring 5 Cypriot people or EU member people who live in Cyprus for 5 years in total before applying for Cypriot citizenship.

5. The Alternative Investment Fund or financial assets of a Cypriot entity licensed by the Cyprus Securities and Exchange Commission (CySec)

Application Requirement

Main Applicant

  • Investment of at least 2.0 million Euro and keep for at least 3 years
  • Clean criminal record
  • Possess a permanent privately-owned residence valued at least 500,000 Euro
  • Hold a residence permit in Cyprus for at least 6 months

Dependant Applicants

  • The legal spouse of the main applicant
  • Minor children or financially dependent adult children under 28 years old
  • Parents of the main applicant

Advantage of the Cyprus Residence Permit Program

  • Safety and stability conditions of Cyprus: Highly specialized human capital, reliable legislative and regulatory framework, stable and beneficial tax system..
  • European Union Citizenship and Eurozone membership: Visa-free access to 173 countries, including Canada, Australia, New Zealand, Singapore and Japan.
  • Attractive legislation fir Citizenship: Obtain a Permanent Residence Permit or EU/Cypriot citizenship within 6 to 8 months.
  • Low taxation system and free trade within the EU: Low corporation tax at 12.5%
  • Strategic location: Easy access to new markets, an active transshipment center and business hub.
  • Substantial oil and gas reserves valued at over $50 million: Booming investment hotspots for global energy giants including ExxonMobil and Qatar Petroleum, thereby boosting the countries’ economy.
  • Great living environment: 340 days of sunshine a year
  • High potential for investment growth.