CYPRUS EU CITIZENSHIP

INVESTMENT CRITERIA AND CONDITIONS 

1. Cyprus EU Citizenship may be obtained through a secure property investment of €2 million, provided the  property/ies is/are residential. Residential Visa for Cyprus/Europe investment level €300,000. Choice of Freehold Properties available.

2. The investment can be a single property or combined property portfolio.

3. The main investment may be sold after a period of three (3) years, however, the investor must always maintain / purchase a property with a value of at least €500,000

4. Clean criminal record is required

5The investor’s parents are entitled to apply for Cyprus Citizenship by Exception provided that they have purchased a permanent residence of at least €500,000 plus VAT. 

BENEFITS OF THE CYPRUS EU CITIZENSHIP PROGRAMME

FAST AND SIMPLE – Cyprus EU Citizenship by Investment can be obtained within 3 months

NO RESIDENCE REQUIREMENTS – Investors must visit Cyprus at least once every 7 years

FREE MOVEMENT – Citizens have the right to live, work and get an education within the European Union, Free movement of goods, services and capital, Visa-free travel to over 158 countries including the EU and Canada

PROTECTION – Protection by the diplomatic or consular authorities of any EU country

LANGUAGE – There are no language requirements

NO DONATION – No donation to the Cyprus Government is required

RIGHT TO VOTE –  All European Citizens have the right to vote and stand for European Parliament Elections

DUAL CITIZENSHIP – No need to renounce previous nationality as dual citizenship is allowed

VALID FOR LIFE – Citizenship can be passed to future generations by descent

ELIGIBILITY – All nationalities are eligible for the programme

NO TAX CONSEQUENCES – No tax consequences unless one opts to become a tax resident in Cyprus

HIGHLIGHTS

Cyprus, strategically located between continental Europe, the Middle East and Africa in the Mediterranean Sea, has one of the fastest and most affordable golden passport programs in the EU. Once a citizen, you and your family can travel visa-free to more than 150 countries including the EU, the UK and Canada, and you will have unrestricted right to live, work, study and buy property anywhere in the EU. Cyprus is one of the safest countries in the world, with an excellent education system and first-class health care. You do not have to reside in Cyprus after acquiring citizenship, there is no language requirement, and as tax resident you can benefit from one of the lowest tax rates in the EU.

PROGRAM DESCRIPTION

The application procedure is extremely fast: the typical duration is only 3 months. There are no restrictions on dual citizenship. You do not have to reside in Cyprus to maintain citizenship; it is enough to make a visit every 7 years. Once your citizenship is granted, you will be able to enjoy the travel benefits, education opportunities and security of this peaceful EU country.

TRAVEL OPTIONS

A Cyprus passport is extremely widely accepted for visa-free travel: you can enter over 150 countries without a visa, including the EU, the UK and Canada.

FINANCIAL TERMS

In order to obtain a golden passport from Cyprus, you need to invest EUR 2 million in either a real estate project, a Cyprus company employing at least 5 citizens, financial assets of Cyprus enterprises, or a combination of these. The investment has to be maintained for at least 3 years.

In addition, you must buy a residential property in Cyprus for at least EUR 500,000 and maintain it for life. If you choose the real estate investment option, the price of your residential property counts towards the EUR 2 million minimum limit. If your or your spouse’s parents are also included in the application, they must also buy a property for at least EUR 500,000. Alternatively, a combined property for a minimum of EUR 1 million can be purchased for both couples applying together.

The government fees for the citizenship application amount to EUR 7,000 per adult. The amount of advisory fees depend on the number and age of family members included – get in touch for a precise quote tailored to your situation.

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Subject
Cyprus Citizenship Program

 

 

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