- REQUIREMENTS & CONDITIONS
- Fast track procedure: The approval for the Cyprus Passport will be issued within approximately 3 months.
- The Cyprus Passport Program requires a EUR 2 million (plus Vat if any) – Investment in a single Residence. A single property to be used as a residence at a minimum value of EUR 2 million. The residence must be retained by the investors for a period of 3 years. After 3 years the Investor has the right to sell his/her property and buy another one at a minimum value of EUR 500,000.
- A EUR 2 million (plus Vat if any) Investment in a selection of Residential Properties, out of which one property is to be used as a privately-owned permanent residence of a minimum value of EUR 500,000. The remaining EUR 1.5 million can be invested in a range of residential properties, which may be resold after 3 years.
- It is noted that members of the same family, who apply separately as investors for the Cyprus Passport, can collectively acquire a residence, provided that the total value of this home-property covers the amount of EUR 500.000, per each applicant.
- In case that the purchase value, under the Cyprus Passport Program, of the permanent privately owned residence in Cyprus exceeds the amount of EUR 500.000, part of this additional amount can be used for purposes of supplementing the total amount of the investment made in the basis of the criteria of Part A above.
- The Cyprus Passport applicant, prior to his/her naturalisation as a Cypriot citizen must hold a residence permit in Cyprus. If the applicant does not already hold a Cyprus residence permit, he/she may apply for a Cyprus immigration permit on the basis of Regulation 6(2) of the Aliens and Immigration Law, simultaneously with the application for naturalisation.
- Any property/ ies purchased during the past 3 years, can also be included in the required investment amount.
- The Cyprus Passport Program applies to the immediate family of the applicant i.e the spouse and dependent children up to the age of 28 if full time university students.
- Cyprus Citizenship applicants must hold a clear criminal record from the country of origin and the country of residence (if different).
- The Cyprus Passport program does not require physical residence in Cyprus, before / after approval.
BENEFITS OF A CYPRUS CITIZENSHIP
- Cyprus Passport holders are European Citizens.
- The whole family can obtain the Cyprus Citizenship.
- Cyprus allows multiple citizenship.
- Cyprus Passport holders can travel, live, work and study anywhere in the European Economic Area (European Union, Iceland, Liechtenstein and Switzerland).
- The Cyprus Passport lets you travel to 157+ countries without a visa.
- Cyprus offers an effective tool for family and tax planning.
- The Cyprus Passport offers an additional insurance against political instability.
- Cyprus has zero inheritance wealth, gift and immovable property taxes.
- The Cyprus Passport Program allows the investor to rent out his/her privately -owned residence.
- Enables access to some of the highest education and healthcare institutions in the world.
- Free movement of capital, services and goods.
- The eligible investment is not limited to properties purchased for the first time.
- This is an investment NOT a donation.
For more Information contact our office