Cypriot Passport / EU Citizenship

Scheme for the acquisition of Cypriot (EU) Passports / Citizenship to non-EU citizens

What’s new for the EU Citizenship Program?

 The new options are as follows:

  1. Residential Real Estate Investment. This option requires a minimum total investment amount of €2 million in residential real estate and must include a permanent personal residence valued at no less than €500,000. The remaining investment amount of €1.5 million must be made in residential real estate, to be held for a minimum of three years. If the personal residence is valued at EUR 2,0 million or more, then no additional investment is required.
  2. Other Investments. This option requires a minimum total investment of €2,5 million, of which €500,000 must be for a permanent personal residence. The remaining investment amount of €2 million can be made using a mix of the following, held for at least three years:
    1. Residential Real Estate (in addition to the personal residence),
    2. Commercial Real Estate,
    3. Undeveloped Land for which development plans have been prepared, or
    4. Government Securities (up to a maximum value of €500,000) registered and issued in the Republic of Cyprus.

 

There is no requirement to make a donation to the local government, in contrast to many other citizenship programs worldwide.

Cyprus does not require applicants to live in the country prior, during or after the application process, unlike all other EU countries with citizenship programs that impose some form of residency requirements.

Applicants are able to receive a Cypriot passport within 3 months of filing an application, being by far the fastest route to EU Citizenship.

The previous investment options, including unlimited investment in securities and cash asset transfers into the country, will remain available only during a short grace period that expires on October 31, 2016.

Key advantages:

  1. Dual citizenship is allowed and you do not have to give up your current nationality.

  2. You do not need to reside in Cyprus prior to applying for citizenship
  3. Favorable tax system.
  4. You can travel without a visa to at least 176 countries including the 28 EU countries.

To find out more about the Cypriot passport obtainment or to receive a property proposal based on your preferences contact us via email or call us: 97-717343

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