cyprus

Cyprus

The investment is payable upon submission of application but refundable if citizenship is rejected

No need to renounce your current citizenship(s) 

The fastest route to obtain a European Citizenship

No physical residency requirements, you are entitled to apply instantly

No interview, language test, education or management experience required

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 SIMPLE PROCESS

Amongst fast citizenship programs Cyprus has the highest number of visa free countries

Instant visa-free travel to 174 countries, including the Schengen countries, UAE, Canada, United Kingdom, Singapore and Hong Kong

Allowed to live, study and work within the 28 countries of the European Union

Reputable second passport easy to obtain visas when required

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GLOBAL MOBILITY

No taxes on capital gains, gift, wealth and inheritance; No taxes for non-residents

Ability to open bank accounts in reliable banking institutions worldwide with this passport

No restriction on the repatriation of profits and imported capital 

Generous incentive packages including corporate tax incentives, full exemption from import duties, tax relief benefits and export allowance

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North-america-banner

WEALTH PROTECTION

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To be eligible for Cyprus citizenship under its Citizenship by Investment Program, the applicant is required to make a combined Investment of Real Estate and a non-refundable contribution to the Government.

Real Estate investment could be commercial, residential, land or a combination of all of these. The property investment needs to be maintained for 5 years and once it is sold a property worth EUR 500,000 must be purchased and kept indefinitely for the lifetime of the main applicant.   


REAL ESTATE INVESTMENT

In addition to the Real Estate investment, it is required to pay a non-refundable financial contribution of EUR 200,000 to one of more Government entities as follows:


DONATION TO THE CYPRUS GOVERNMENT FUND

Citizenship Invest professional fees, official application forms, certification of citizenship and passport, courier & other disbursements are the only other costs associated. A detailed quotation with no hidden costs is provided for the specific case.

In addition to the purchase of real estate, there are Government fees and Application costs to be paid. 

GOVERNMENT FEES

The Republic of Cyprus joined the European Union on May 1st, 2004 and joined the Eurozone on January 1st, 2008. Cyprus enjoys an idyllic Mediterranean lifestyle, beautiful beaches, 340 days of sunshine a year and welcoming friendly people in a relaxed environment. The Cyprus nationality offers a high standard of living, modern transport, and infrastructure, excellent academic institutions, access to quality medical services, a stable government and a robust legal framework which is based on British law and fully harmonized with EU directives. Cyprus is a favored business destination for international companies for its strategically geographical location between Europe, Middle East and Africa.

The Cyprus Citizenship by Investment program was launched in 2002, allowing foreign investors to acquire citizenship under certain conditions. The Cyprus Passport by Investment is irrevocable and to obtain it applicants are not required to reside in the country or renounce their current nationality. 

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Following a decision of the Cypriot Council of Ministers in March 2013, the Cyprus Citizenship by Investment may be granted to investors in virtue of the “Scheme for Naturalisation of Investors in Cyprus by Exception” on the pursuant to subsection (2) of section 111A of the Civil Registry Laws of 2002-2013, the Cypriot Government has enforced favorable immigration policies, further fostering a way of obtaining Cyprus Citizenship.

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Citizenship Invest appoints a Document Collection Specialist for each case. The firm offers a bespoke 
service that simplifies the application process, requesting from clients the bear minimum. Our job is to 
simplify the document collection as much as possible and when required we obtain the documents for the 
client without their involvement. Please note the below list is to be used as a guideline only, after assessing 
the particular case Citizenship Invest prepares a personalized checklist.

Fastest route to obtain a European passport. Live, work and study anywhere in 28 EU countries

CITIZENSHIP BY INVESTMENT

Client signs CI Retainer Agreement and pays the retainer invoice. 

While documents are collected the client travels to Cyprus, selects and reserves the property paying a                   fully refundable deposit into an Escrow account. At the same time the client completes his/her biometrics. 

Once contracts are finalized and executed the client pays the remaining balance into an Escrow account (required by law). The investment amount in full is refundable in case of rejection.  

CI submits the application to the Government including proof of property transaction.  
The client pays the submission invoice to CI. 

MONTH 1 

 The PR card is issued within 2 weeks of submission of application.  

MONTH 2

Citizenship approval is received and at this stage the client with the spouse must visit Cyprus for one day to take an Oath of Allegiance and to receive Cypriot citizenship certificates and passports in person

At this point the client pays the Government approval fees for main applicant and spouse and the remaining CI professional fees

The investment funds are released from the Escrow Account to the developer.

At this stage, the applicant’s dependent children may apply for Cyprus Citizenship and the relevant government fees are paid

MONTH 6

The estimated time to receive citizenship approval depends on the due diligence processing time and the specific case.

CYPRUS (On Hold)