CITIZEN BY INVESTMENT PROGRAM in cyprus

CYPRUS CITIZENSHIP

Cyprus Investment Program (CIP) is the first citizenship by investment program officially established in the European Union. Foreigners who meet qualifying investments eligible for fast track naturalisation in Cyprus. It is also the most popular and best citizenship for investment program in the EU.

Cyprus remains the most attractive country for investment and citizenship among UHNW families. It is a limited citizenship by investment opportunity only 700 investors are naturalized every year.

Cyprus is a beautiful country and major tourist destination in the Mediterranean. The country has high human development, offers excellent qualify of living and infrastructure.

Cyprus gained its independence from the United Kingdom in 1960 now . Cyprus is a presidential republic means the president is the head of the state and the government. Cyprus is one of only three Commonwealth member countries located in Europe. Cyprus is currently in the process of joining the Schengen area and also actively pursues to join visa waiver program with the United States.

Unspoilt, natural clean beaches and warm climate attract tourists from all over the world. Close to 4 million tourists visited Cyprus in 2018 mostly from United Kingdom, Russia and Israel. Many visitors don’t know there is a winter skiing resort available in Mount Olympus

WHY CYPRUS?

BENEFITS

ELIGIBLE INVESTMENTS

1. REAL ESTATE

€2,150,000 in residential and commercial land and developments.

2. CYPRUS BUSINESSES

€2,150,000 invested in companies or organizations established and operating in Cyprus

3. INVESTMENT FUNDS

€2,150,000 invested in stocks, bonds and securities listed in Stock exchanges and approved by CySec made exclusively in the Republic of Cyprus

Eligible Conditions

  • Must buy a permanent home worth atleast 500,000 € + VAT
  • Must hold a Schengen visa or residence permit from any 26 Schengen states.
  • Must hold immigration permit in Cyprus for 6 months before citizenship.
  • No criminal record

Additional Costs

75,000 € to Cyprus research and development

75,000 € to Cyprus research and development

5,000 € to Naturalization certificate

Residence / Personal Visit

6 months

FAQS

Grant of the Cypriot Citizenship through naturalization by exception to non-Cypriot investors on the basis of subsection (2) of section 111A of the Civil Registry Law 141(I)2002. Subsequent Council of Ministers decisions dated:

• 13 September 2016

• 09 January 2018

• 21 May 2018

• 13 February 2019

• 25 July 2019

CIP was established with the purpose to encourage

Foreign Direct Investment and attract high net worth individuals to settle and do business in Cyprus.

Yes with Cyprus passport upto 6 months in 180 day period. ETA required for Canada.

The investor and his/her parents, may collectively acquire a residence, provided that the value of this home-property is at least €1,000,000, plus V.A.T

Citizenship is granted only to the financially dependent adult children <28 yrs of the investor

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