EU CITIZENSHIP & RESIDENCY
The citizenship-by-investment programme enables non-EU citizens to obtain full Cypriot citizenship by investing a prescribed amount in real estate and meeting certain other requirements. Successful applicants gain the right to live, work and study in all 28 EU member countries.
In September 2016, changes were made that include the reduction of the minimum investment amount to EUR 2 million (from EUR 2.5 million), together with the possibility of including the parents of the main applicant provided that an additional EUR 500,000 + VAT is invested for the purchase of a private residence in Cyprus.
Any non-Cypriot citizen may apply if they meet the relevant investment criteria. Application may be undertake as an individual, or as a shareholder or a senior manager of a company or companies in which the applicant involved.
We will be pleased to provide more detailed information upon request, and through our associates, we are able to carry out the entire application process from start to finish quickly and efficiently.
High Quality of Life
Cyprus offers an enviable lifestyle in a safe, clean and healthy environment with high living standards. Low crime levels, year-round sunshine, centuries of art and culture, and a delicious gastronomy all contribute to a high quality of life.
Safety is amongst the biggest advantages of Cyprus, which has been ranked the safest smaller country in ValuePenguin’s Safest Countries in the world (2015) and fifth worldwide.
Cyprus is a modern, cosmopolitan, transparent business centre offering opportunities for investment across a wide range of sectors.
In Cyprus, laws and regulations, systems and infrastructures, are all continuously enhanced to ensure we remain one step ahead. Cyprus is committed to offering a high-quality service in a duly regulated environment in order to ensure the best possible experience for investors and business people worldwide.
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.
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
5. The 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
The fast-track Permanent Residence Programme enables the granting of a permanent residence permit to foreigners who intend to invest in Cyprus, provided that the following requirements are met:
Residential or other property with minimum market value of € 300,000 + VAT purchased in Cyprus
Secured annual income from abroad and from sources other than employment in Cyprus
Funds transferred from abroad and deposited in a Cyprus Bank in a three year Fixed Deposit Account
The residence permit holder must visit Cyprus at least once every two years to maintain his/her status
No language requirements
Cyprus is a common law jurisdiction
Property acquired is freehold
No inheritance tax
Low property tax
Reduced 5% VAT
Strategic location: at the crossroads of three continents: Africa, Asia and Europe Access to beaches, mild climate, and tourist destinations in Cyprus Lowest crime rate in Europe
High-standard educational institutions and healthcare facilities
Advanced infrastructure and modern airports with connections to all major destinations.