Cyprus Citizenship
European Passport (postponed)

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  • European Union Member State
  • Member of the EU since May 2004 and the EU Monetary Union since 2008;
  • Cyprus has stabile legal and tax system;
  • Visa free travel to more than 159 counties;
  • Freedom to live, work and anywhere in the EU;
  • EU citizen can access all first- class EU health care system;
  • EU citizen have to the right to protection by the diplomatic or consular authorities of any EU county in a third county (country outside the EU) where one’s home EU country is not represented by a Consular.
  • One of the lowest corporate tax rates in Europe of 12.5%;
  • Tax system in full compliance with EU and Organization for Economic Cooperation and
  • Development (OECD) requirement against harmful practices;
  • Reputable international commerce center, ideal bridge between East and West;
  • No transfer fees on property transfers if the transaction is subject to VAT, if not, 50%
  • reduction of the transfer fees for all transfers;
  • Inbound dividends are not taxable with easily met conditions;
  • No capital gains tax imposition on shares unless related to immovable property situated in Cyprus;
  • Profits from sale of securities are exempt;
  • 0% inheritance tax;
  • Favorable VAT rates for private yachts and aircrafts as low as 2.42% and 4.37% respectively;
  • No estate duty, wealth tax or gift taxes;
  • Tax incentive for purchasing or developing real estate;
  • No immovable property tax as from 2017;
  • 0% withholding tax on any type of payments made anywhere in the world;
  • Extensive number of double tax treaties (DTTs);
  • Tax paid abroad can be credited against any tax payable in Cyprus on such income, irrespectively of any double tax treaty.
  • Visa free Travel – Cyprus Citizenship offers you the opportunity to travel to more than 159 countries without obtaining visa;
  • Independence – the investors become more independent with a second citizenship and a European passport;
  • Mobility – you have the choice to relocate at any time if there is a desire to do so
  • Globalization – Cyprus is a safe place to have a second home for the investor’s and their families.
  • Step 1 – Choose the type of investment.
  • Step 2 – Gather investment and personal documents for the applicant & the family.
  • Step 3 – File application for Cyprus Citizenship at the Ministry of Inferior. The applicant must hold a valid Schengen visa. Third-Country nationals that do not require an entry visa for travelling in EU member-states, as well as citizens of EU Member States are excluded from this obligation.
  • Step 4 – Application examined by the Ministry of Interior and the Ministry of Finance.
  • Step 5 – Final examination by the Council of Ministers and issuance of approval by Minister of Inferior.
  • Step 6 – The issuing of the Naturalization Certificate. Step7 – Collection of Passport in Cyprus.
  • Any investor who is 18 years old and above.
  • Spouse and financially dependent children of the investor up to the age 28.
  • Parents of the investor, subject to acquiring residential property of at least €500.000+VAT.

TYPE

REQUIREMENT

AMOUNT

Investing in real estate developments & infrastructure projects

The applicant should make an investment of at least €2.000.000 for the purchaser construction of immovable property whether residential or commercial, and whether related to the tourism sector or otherwise, including investment in land.

A donation of €75.000 to Research and Innovation Foundation shall be mandatory.

A donation of €75.000 to the Cyprus Land Development Corporation shall be mandatory.

Investment Period 5 years

€2,000.000- €2,500.000 +€150.000

Purchase or incorporation or participation in Cypriot business & Companies

The applicant should purchase, incorporate or participate in companies established and operating in Cyprus with investment costs of at least €2.000.000. These invested funds will be channelled to finance the investment objective of the companies, according to their business plan. Additionally, the companies must have physical presents in Cyprus, with significant activity and turnover, and must employ at least five Cypriot or European citizens.

A donation of €75.000 to Research and Innovation Foundation shall be mandatory.

A donation of €75.000 to the Cyprus Land Development Corporation shall be mandatory.

The investor must possess a permanent privately-owned residence in the Republic of Cyprus, the purchase price of which must be at least €500.000.

Investment Period 5 years

€2,000.000- €2,500.000 +€150.000

Investing in Cyprus Alternative Funds (AIF’S) or financial assets of Cypriot organizations licensed by ‘CYSEC’

The applicant should invest in units of at least €2.000.000 of AIF’s established, licensed and supervised in Cyprus by ‘CYSEC’. Such investments should be made exclusively in Cyprus and should meet criteria of this scheme and be approved by the Minister of Finance. Acquisition of financial assets in Cypriot business or organization of at least €2.000.000, such as bonus, bills and securities issued by companies that have demonstrated physical presents and substantial economic activity in Cyprus should be maintained for a period of 5 years.

A donation of €75.000 to Research and Innovation Foundation shall be mandatory.

A donation of €75.000 to the Cyprus Land Development Corporation shall be mandatory.

The investor must possess a permanent privately-owned residence in the Republic of Cyprus, the purchase price of which must be at least €500.000.

Investment Period 5 years

€2,000.000- €2,500.000 +€150.000

Combination of the above investments

Under this criterion, the investor may also invest in Government bonds of Cyprus for the amount of up to €500.000, which be issued by the Public Debt Management Office of the Ministry of Finance.

A donation of €75.000 to Research and Innovation Foundation shall be mandatory.

A donation of €75.000 to the Cyprus Land Development Corporation shall be mandatory.

The investor must possess a permanent privately-owned residence in the Republic of Cyprus, the purchase price of which must be at least €500.000.

Investment Period 5 years

€2,000.000- €2,500.000 +€150.000

6 months to 12 months

 

Apply for Cyprus Citizenship / European Passport

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