111Immigration

Cyprus

The crossroad for Asia, Europe and Africa, Cyprus is a strategically placed economic and political island that bridges the cultural and geographical gulf between East and West. Most uniquely, it is the only European Union member state in the Middle East. Making a robust recovery from recession woes, Cyprus is increasingly viewed as a favourite investment destination in the region, especially in the wake of Brexit while its bilateral relationships within the framework of the European Union and Commonwealth are growing ever stronger and more dynamic.

Capital: Nicosia | Total Area: 9,251 sq. km. | Languages: Greek, Turkish, English, Romanian, Russian, Bulgarian, Arabic | Government Type: Unitary presidential constitutional republic | Currency: Euro (EUR)

Why Cyprus Citizenship by Investment?

Cyprus’ rich cultural diversity, pristine locations, excellent climatic conditions and high standard of living make it an ideal choice to invest your way to residency. Besides its huge geographic advantage, Cyprus’ reviving economy, investor-friendly government and bureaucracy, reliable transport system, world-class infrastructure, and qualified labour force make it a potential economic force for investors across the globe.

One of the fastest citizenship processes in Europe.

Main applicants can include his/her dependent children up to the age of 28.

Enjoy travelling to more than 165 countries.

Citizens have the rights to visit, stay, study and work in any other EU country.

Parents of the main applicant/spouse can be included if they have their own residence in Cyprus, valued at no less than EUR 500,000 (VAT extra).

What are the qualifications?

Applicants should hold a valid passport.

Applicants should be of outstanding character without criminal records.

Applicants should possess a valid Schengen Visa.

Before being granted citizenship, the applicant should possess a residency permit in the Republic of Cyprus for six months.

Main applicant should purchase a private residence with a price of at least‚ € 500,000 (VAT extra) in the Republic of Cyprus and maintain it for life.

The application should not be rejected by any other member-state of the EU in the past.

Applicant’s property should not be frozen inside the boundaries of the EU.

What are investment options?

Investment in Real Estate, Land Development, and Infrastructure Projects

Invest at least € 2 million for purchase or construction of buildings. It could also be for construction of other land development projects (residential, commercial or tourism sector development) or other infrastructure projects (such as properties purchased after their initial sale).

Purchase or Establishment or Participation in Cypriot Companies or Businesses

Make an investment of at least € 2 million to purchase or to be part of companies or organizations established and operating in Cyprus. The investee company must have proven physical presence in Cyprus, with the employment of at least 5 Cypriot citizens, or citizens of any EU member state.

Investment in Alternative Investment Funds (AIF) or Financial Assets of Cypriot Companies or Organizations

Invest at least € 2 million in purchasing units of AIFs established in Cyprus or financial assets of Cypriot companies or Cypriot organizations licensed under the Cyprus Securities and Exchange Commission.

Combination of the above investments

Applicants can choose to invest in a combination of the above options. The combined investment value should at least be € 2 million.

Applicable Fees in all investment options

Donation to the Research and Innovation Foundation (with some exceptions)	€ 100,000
Donation to the Cyprus Land Development Corporation	€ 100,000
Application submission fee for any applicant above 18	€ 2,000
Application submission fee for minor children	€ 80
Certificate issuance fee for any applicant above 18	€ 5,000
Passport application fee per applicant	€ 120
Identity card fee per applicant	€ 30
Permanent residence fee per applicant	€ 500
Permanent residence registration fee per applicant	€ 70

To know where to invest, reach out to our expertise.

What is the process?

Why Cyprus Residency by investment?

Residence application approval less than six months.

Access to employment and self-employment activities and conditions of employment and working conditions.

Right to state education, vocational training.

No language or related requirements.

Parents can be included, of the main applicant and spouse.

Don’t have to relinquish current nationality.

Free trade within the EU.

Right to live, work, study and own properties in Cyprus.

High European living Standards with access to excellent education and healthcare systems.

Five years renewable residency.

What are the qualifications?

Applicants should hold a valid passport.

Applicants should be of outstanding character without criminal records.

Applicants should possess a valid Schengen Visa.

Main applicant must be at least 18 years old.

What are investment options?

Property Investment

Applicants make a minimum investment of € 350,000 in residential real estate and hold it for five years to gain a permanent private residence in the Republic of Cyprus.

Capital Investment

Invest in agricultural, fishing, animal farming sectors, with capital of approximately € 475,500 provided they have acquired the analogous land and they have available.
Work as self-employed in the mining sector if they have available capital of € 380,400 and obtain permit for mining.
Work as self-employed in a trade or profession in the Republic if applicants have in their possession a relative permit, and they have freely a capital of € 286,000.
Work as self-employed in a profession or science based on professional qualifications and if there is demand for such professions in Cyprus.

To know where to invest, reach out to our expertise.