Citizenship By Investment
                                                                                                                                                                                                                                                                                    

In an effort to boost foreign investment into the Cyprus economy, the government of Cyprus has developed a citizenship by investment program.

An investment of two million Euro (€2.000.000) is needed. The requirements of the program are listed below and may be met by either an individual or company in which the applicant acts as a shareholder or manager.

Methods by which one may satisfy the requirements:

1. Investment in real estate, developments and infrastructure projects

The applicant should make an investment of at least EUR 2 million for the purchase or the construction of real estate.

2. Purchasing or investing in Cypriot businesses and companies

An investment of two million Euro (€2.000.000) must be made by the applicant in business related activities. This includes the purchase, creation or participation in businesses operating in Cyprus.The business should demonstrate itself and should employ Cypriot employees as well.

3. Investment in Alternative Investment Funds or financial assets of Cypriot enterprises or Cypriot organizations licensed by the Securities and Exchange Commission

The applicant should purchase units amounting to at least EUR 2 million from Alternative Investment Funds (AIF).

This criterion also covers the purchase of financial assets of Cypriot businesses or organizations for at least EUR 2 million, in the form of bonds, securities and debt securities.

4. Any combination of the above.

An investment of at least two million Euro (€2.000.000) in any combination of the above satisfies the requirements as well.

Important Note:

In addition to the above a mandatory requirement regardless of the method chosen above is for the applicant to purchase and possess for life a property in Cyprus which they will declare during the application process to be there main residence in Cyprus.The property chosen should have a value of at least five hundred thousand euros (€500.000) plus vat. If the applicant chooses method 1 above (i.e. the purchase of real estate assets of two million euros (€2.000.000), then the cost of the newly purchased residence may be included in the amount.

Additional Note:

The parents of the main applicant may also apply for citizenship if they purchase a residence with value of at least five hundred thousand euros (€500.000) plus vat.

Benefits of Cyprus (European Union) Passport:

  • Unrestricted right to live, work, own and operate a business, travel & study anywhere in the EU.
  • Visa-free travel to 157 countries.
  • Citizenship is granted to the applicant, the spouse and all financially dependent children up to the age of 28.
  • Cyprus allows dual citizenship.
  • Access to European Union health care and education systems
  • No dividend tax on world-wide income for non-domiciled tax residents.
  • Cyprus has no inheritance tax and the lowest rate of corporate income tax in Europe.
  • Cyprus is always ranked amongst the safest countries to live worldwide.
  • Cyprus’ geographical location enables easy access to the rest of Europe, Africa and the Middle East. Making it attractive to a variety of business activities and personal as well.
  • Property Investments in Cyprus have proven to be a stable investment offering both a solid return and capital appreciation.