As a member of the European Union, Cyprus has introduced a very attractive citizenship scheme
for individuals who want to invest in Cyprus and obtain a Cypriot citizenship.
Cyprus has introduced a very attractive scheme whereby one can obtain a Cypriot Passport and therefore an EU Passport by investing in Cyprus. The Cyprus Citizenship by exception scheme provides the quickest route to a European citizenship and a second passport under 111A(2) of the Civil Registry Law 2002-2015 of the Republic of Cyprus.
Recent reductions on the investment requirements made the Cyprus Citizenship a very desirable option for investor and their families who wish to have the freedom to live, study
or work anywhere within the European Union. Neither the spouse nor the children are obligated to meet any additional financial obligations and such citizenship may be granted within 6 months of such an investment which can be eventually reduced after three years to an investment of €500,000.
The qualification may either be done personally or through an entity in which the applicant is the ultimate beneficial owner.
The relevant rules and regulations under this Government scheme allow for a number of different options that one may invest in order to qualify for the citizenship.
In all below mentioned options the applicant must further make an investment of €500.000 in a permanent privately-owned residence.
Investment in real estate, developments and infrastructure projects
An investment of at least €2.0 million for the purchase or construction of real estate.
Purchase, establishment, or participation in Cypriot businesses and companies.
An investment of at least €2.0 million in the purchase, incorporation or participation in entities that are based and operating in the Cyprus with at least five Cypriot employees.
Investment in Alternative Investment Funds or financial assets of Cypriot enterprises or Cypriot organizations licensed by the Securities and Exchange Commission.
Purchase units amounting to at least €2.0 million from Alternative Investment Funds (AIF) or purchase of financial assets of Cypriot entities for at least €2 million, in the form of bonds, securities and debt securities.
Combination of the above investments.
In a combination of the above, provided that the total investment amounts to at least €2.0 million. The applicant’s investment combination may include the purchase of special government bonds of the Republic of Cyprus of up to €500,000.
Eligibility for Cyprus Citizenship by Investment
To qualify under for a Cyprus Citizenship the applicant must be at least 18 years of age and must meet the following
DEPENDENTS AND PARENTS ARE ELIGIBLE
The applicant can add dependents to the citizenship application which may include spouse, children as well as parents.
Dependent children up to between the ages of 18-27 and children with disabilities making which are rendered unable to work can also apply under this scheme.
Parents may be included with a further investment of €500.000 in residential property in Cyprus
- Clean criminal record and No sanctions against applicant.
- Invest as per the types of investments above
- No physical presence required
- In all above options the applicant must possess a permanent privately-owned residence in the Republic of Cyprus with a purchase price of at least €500.000 plus VAT.
- Must retain the investment(s) as per above for at least three years and hold the residential property indefinitely.
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