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Cyprus Investment Programme

Subject to investment criteria, an investor and his family can obtain Cyprus passports within a six-month assessment period. This is neither a residence permit nor a visa. A Cyprus passport holder has full citizenship rights of Cyprus, an EU member state.
Applications are assessed by the Cyprus Authorities in strict confidentiality.

Cyprus Investment Programme

Subject to investment criteria, an investor and his family can obtain Cyprus passports within a six-month assessment period. This is neither a residence permit nor a visa. A Cyprus passport holder has full citizenship rights of Cyprus, an EU member state.
Applications are assessed by the Cyprus Authorities in strict confidentiality.

Programme Benefits:

  • Free to live and work in any EU country;Visa-free travel to 155+ countries worldwide, including all EU countries, Canada and Australia;
  • Free movement of capital in the EU;
  • Free school and university tuition in many institutions;
  • All family members can obtain a Cyprus passport including dependent children up to age 28;
  • Citizenship does not lead to personal taxation in Cyprus;
  • Dual-citizenship permitted and the acquisition of citizenship in Cyprus is not reported to other countries;
  • No history and language proficiency tests;
  • Low government fees for the filing of the application.

Financial Criteria:

All the following financial criteria must be fulfilled by the investor and/or his spouse either personally, or through a company/companies in which he/she participates as a shareholder, or through a company/companies in which he/she is a high-ranking senior manager.

1 | At least €2.0m investments held for 5 years post naturalization in any of the following (combinations permitted):

  • Real Estate, Land Development and Infrastructure, Touristic Projects;
  • Participation in private Cyprus companies that demonstrate substantial economic activity and physical presence in Cyprus;
  • Alternative Investment Funds (AIFs) or Registered Alternative Investment Funds or financial assets of Cypriot companies or Cypriot organisations regulated by CySec (subject to certain requirements); the investments should be channeled to underlying assets or businesses based in Cyprus.

2 | At least €75k donation towards the Cyprus Research and Innovation Foundation, unless equivalent investments are made toward start-up businesses or social enterprises which have been certified by the Ministry of Finance & Commerce.

3 | At least €75k donation towards the Cyprus Land Development Organisation.

4 | Purchase of a permanent residence in Cyprus at a minimum cost of €0.5m excl VAT. If qualified investments as per criterion 1.a. above comprise direct purchase of residential units, this requirement is not applicable provided that one of these properties is worth at least €0.5m excl VAT and is held permanently. This exemption is not available if the relevant properties have been utilized previously as the qualified investments by a prior applicant for the Investment Program.

Parents of the investor can now obtain the Cyprus citizenship with an additional permanent residence purchased at a cost of €0.5m excl VAT. The investor and the parents may opt to collectively purchase one permanent residence at a cost of 1.0m Eur excl VAT.

Parents of the investor can now obtain the Cyprus citizenship with an additional permanent residence purchased at a cost of €0.5m excl VAT. The investor and the parents may opt to collectively purchase one permanent residence at a cost of 1.0m Eur excl VAT.

PERSONAL REQUIREMENTS

The applicants should:

  • Possess a clean criminal record;
  • Not have been rejected citizenship by another EU member state following a relevant application;
  • Possess a valid Schengen visa unless they are citizens of another EU member-state or citizens of countries for which no entry-visa requirements exist;
  • Possess a residence permit in Cyprus for at least six months prior to being granted citizenship. Residence Permit applications are normally filed in tandem with applications for citizenship and are granted swiftly.
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