Cyprus Investment Program (CIP) is one of the most efficient in the world. Cyprus citizenship by investment is an attractive opportunity that offers the best of both worlds: a culturally-rich, beautiful place to live and a dynamic international hub for businesses or companies creation and expansion. Cyprus government type is presidential democracy.
Cyprus is a picturesque island with a rich history stemming back more than 10,000 years. Relics of its past can be found all around in castles, monasteries, mosaics, tombs
Cyprus is drenched in sunshine most of the year, which is the perfect complement to its renowned golden beaches, charming old harbors, and
The Cyprus climate is true Mediterranean. The country enjoys the world's highest number of 'Blue Flag' beaches per mile of coastline, and the seawater around those beaches is also considered the world's cleanest.
The luxury accommodations, exclusive golf clubs, high-quality tourist destinations, and rich cultural history make Republic of Cyprus an amazing place to call home—or second home. The excellent air transport to the rest of the world, access to Europe's best universities, high living standards, and first-class health care also make Cyprus highly recommendable for global citizens.
The Cypriot government has established 4 different options to attract foreign investments and give investors the opportunity to attain Cypriot citizenship by investment. All of them entail a minimum of €2 million investment in the following sectors:
In addition to any of the above options, applicants must also purchase and own a permanent, privately-owned residence in Cyprus that is valued at least €500,000 (+VAT).
The Council of Ministers revised the Investment Programme and new rules came into force:
A donation of €75,000 to the Governments Research and Development fund in Cyprus
A donation of €75,000 to the land development organization to fund affordable housing schemes in Cyprus
The required government investments can be made by a single applicant, by or with the applicant’s spouse or partner, or in the name of a business enterprise in which the applicant has a qualifying financial stake.
Example 1: A holder of a Resident Permit submits the Citizenship by Investment application on 01/01/2018. The application will be examined and approved by 01/04/2018 (3 months from the initial application submission).
Example 2: An investor without an existing Residence Permit submits the Citizenship by Investment application on 01/01/2018 along with the Resident Permit application. The Citizenship application will be examined and approved by 01/07/2018 (6 months from the initial application submission).
If you’ve previously invested in Cyprus, you can be eligible to capitalize on this as a means to secure citizenship. You are eligible to do so if the investment satisfies the aforementioned terms and was made within 3 years.
Cyprus Permanent Residency Program serves as a prerequisite for the citizenship application, as well as a separate, less-costly investment option for those that are not necessarily seeking citizenship. The permanent residency program has a different set of qualifications as follows:
This is an abridged list of general documents required for the main application and all dependants. Specific documents vary by investment option chosen and your specific circumstances. Please contact us for an extensive list.
Once this procedure is completed, you will be able to acquire a Cypriot passport and Identity Card. It takes 1 day for the Cyprus passport to be issued and 1 week for the Cyprus Identity Card.
Citizenship by investment in Cyprus is extended to immediate family members including your spouse, children
Cypriot passport is valid for up to 10 years. HNWI can take care of the renewal on your behalf when the time comes.
When it comes to seeking Cyprus Investment Programme, there are numerous benefits that make it stand out from other programs and make it the easiest country in the EU to get a citizenship.. It’s a welcoming, business-friendly environment that offers an attractive tax regime, high-quality of life and social security, all surrounded by a gorgeous natural landscape, rich history, and mild climate. Please see our detailed list of Cypriot citizenship benefits below:
Cyprus offers an attractive and transparent tax regime that is compliant with EU, Organization for Economic Co-operation and Development (OECD) and international laws and regulations. It is considered by many a tax haven for foreign investors. Tax benefits in Cyprus include:
Find the perfect expression of your unique lifestyle. Please visit our dedicated Cyprus Property page for more detailed property options.
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Vicky Katsarova, CEO
“My world travels and my own immigration experiences have given me a deep understanding and clear insight into each of our clients’ specific requirements, aspirations and concerns. It is this intense personal association with client expectations and needs that helps to set our company and our service apart.”
A small island with big benefits, Cyprus is a beautiful country with abundant natural beauty and a warm climate, ample business opportunities, and a great environment for residence and raising a family. When it comes to expanding your mobility, protecting your wealth, increasing your freedom and improving your quality of life, securing citizenship in Cyprus is a wonderful opportunity.
If you are interested in learning more about the Cyprus Investment Programme, please contact us today for your free initial consultation.