EU CITIZENSHIP in Cyprus
INVESTMENT CRITERIA AND CONDITIONS
1. Cyprus EU Citizenship may be obtained through a secure property investment of at least €2.5 million per investor as part of a collective application, or €5 million as an individual application.
2. The investment can be a single property or 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
N.B. VAT is not included in neither the amount of the investment or the residential property.
BENEFITS OF THE CYPRUS EU CITIZENSHIP PROGRAMME
FAST TRACK - 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
APPLICABLE – Citizenship is granted not only to the applicant but also to his/her spouse, minor children and dependent children (students) up to the age of 28.
LANGUAGE - There are no language requirements
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 non EU national are eligible for the programme
CYPRUS PERMANENT RESIDENCY
The Cyprus Government as part of the European Union encourages investors and their family to obtain a Permanent Residency Permit by purchasing property here in Cyprus
Criteria:
- The applicant's investment must be a minimum of €300,000 in freehold property.
- The property must be a new property (not resale) purchased from a Real Estate Developer.
- At least €200,000 (not including VAT) must be transferred from an overseas account prior to the application.
- Submission of an application can include approval for the applicants spouse and children less than 18 years of age
- The purchaser can be Cyprus Company where the applicant or spouse is the sole shareholder.
- The applicant must have a proof of a secure income of at least €30,000 plus €5,000 for each dependant family member and created abroad, not in Cyprus.
- A deposit in a financial institution in Cyprus of an amount of €30,000 (transferred from an overseas account) which will remain for three years
- The applicant must have a clear criminal record
- Permit is granted for indefinite duration, with one off application, no renewal.
Benefits and Advantages of Cyprus Permanent Residency:
- Cyprus is a Full member in the EU since 2004.
- High Standard of International schooling and universities
- Second secure family home investment.
- Excellent modern medical facilities.
- Direct flights to and from many countries inside and outside Europe from the 2 main international airports of Cyprus.
- Travel more freely to other European countries.
- Popular touristic Mediterranean island offers good investments.
- Low Corporate Tax and Double Tax Treaties.
- English language widely spoken.
- Very high level of safety and political stability.
- Safe environment with very low crime.
- Multicultural society