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
Cyprus’s citizenship by Investment program (CIP) is one of the most efficient in the world. Citizenship by investment in Cyprus is an attractive opportunity that offers the best of both worlds: a culturally-rich, beautiful place to live and a dynamic international hub for business creation and expansion.
There are several different routes to attaining a Cypriot Citizenship, all of which entail a minimum €2 million investment in the following sectors:
In addition to any of the above options, you must also purchase and own a permanent, privately-owned residence in Cyprus that is valued at least €500,000 (+VAT).
The required 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.
Here are two common scenarios we encounter:
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 requirements and was made within 3 years.
Cyprus’s 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:
The process from submission to approval normally takes about 6 months, making Cyprus one of the fastest citizenship by investment programs in the EU.
This is an abridged list of general documents required for all applicants. Specific documents vary by investment option chosen and your specific circumstances. Please contact us for an extensive list.
Application Process – Real Estate Investment
STEP 1: Select real estate investment
STEP 2: Supporting Documents Preparation
STEP 3: Pre-clearance check
STEP 4: Submission of Citizenship by Investment application and acquisition of Immigration Permit (PR).
STEP 5: Receiving the decision of the Ministry of Interior
Once this procedure is completed, you will be able to acquire a Cypriot passport and Identity Card.
Citizenship by investment in Cyprus is extended to immediate family members including your spouse, children and parents.
When it comes to seeking citizenship by investment in Cyprus, there are numerous benefits that make it stand out from other programs. It’s a welcoming, business-friendly environment that offers an attractive tax regime, high-quality of life and security, all surrounded by a gorgeous natural landscape, rich history, and mild climate. Please see our detailed list of 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. Tax benefits in Cyprus include:
Rich cultural offerings including museums, historical harbors, castles, amphitheaters, festivals, concerts, delicious food, vibrant nightlife, outdoor sports, etc.
Find the perfect expression of your unique lifestyle. Please visit our dedicated Cyprus Property page for more detailed property options.
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 Citizenship by Investment Program, please contact us today for your free initial consultation.