The Cyprus Investment Programme became very flexible the past few years, and attracts non-EU investors and business owners to expand their operations in Europe. The Ministry of Interior is providing various incentives to make the Cyprus Investment Programme more approachable.
Cyprus Investment Programme
The Republic of Cyprus is emerging to be one of the most popular destinations for foreign investors, due to the island’s stable economic environment and its European Union membership. The island has high standards of living, low taxation and competitive prices in the real estate market. The Republic of Cyprus, which is situated strategically, is able to facilitate some of the strongest business and trading networks among the member states of the European Union. Cyprus is adapting in fast rates towards modern and strategic ideas that are always concerned with the benefits of investors and its citizens. The island is steadily finding its way to supreme excellence.
Some of the benefits of the Cyprus Passport holders are:
- The citizenship is for a lifetime, meaning it can be passed onto future generations of the descendant.
- Cyprus passport is considered one of the strongest passports worldwide holding the 17th rank, along with Visa-Free travel to 159 countries, according to the Visa Restrictions Visa.
- An automatic EU citizenship, with all the European Citizen Rights including the right to live, study and work in any member state of the EU.
- The procedure is fast and easy.
- Cyprus has one of the highest standards of living.
- The acquisition of the passport it is not reported to other countries.
- Dual citizenship is allowed.
Obtaining the Citizenship
The Cyprus Investment Programme is based on the subsection (2) of section 111A of the Civil Registry Laws of 2002-2013, and whilst the procedure has its requirements we can provide simple and thorough details, in order to reach completion (revised 13/09/2016). We are confident enough we can deliver the citizenship in a time span of only three months.
Some of the Main requirements for obtaining the citizenship are:
- Select one of the appointed choices with a minimum value of €2 million
- Keep investments in The Republic of Cyprus for a minimum of 3 years
- Hold a privately owned permanent residence in Cyprus of a minimum estimated value of €500,000 + VAT.
The appointed choices of Cyprus Investment Programme are:
1.
Real Estate, Land Development and Infrastructure Investment
Minimum value of €2 million in the purchase or construction of real estate, land development projects (residential or commercial), infrastructure projects or Investments in building plots or land which can be developed
2.
Purchase, Creation, or Participation in Cypriot Businesses or Companies
An investment of a minimum value of €2 million in the purchase, creation, or participation in businesses or companies that are based and operating in Cyprus. These businesses or companies should evidently have a tangible presence in Cyprus and employ at least five (5) Cypriot citizens or citizens of European Union member-states. The mandatory conversion of deposits into shares is included in this criterion.
3.
Investments in Alternative Investment Funds
An investment of at least €2 million into units in AIFs, bonds, debentures, other securities, registered and issued in the Republic of Cyprus, in companies or organizations with substantial economic activity in Cyprus which are regulated by the Cyprus Securities and Exchange Commission.
4.
Combination of
Investments
The combination of investments may include up to €500,000 of Cyprus Government bonds from the primary market. The applicant may combine eligible investments provided that the total investment is at least €2 million.