Citizenship By Investment In Cyprus
About Citizenship By Investment In Cyprus
Cyprus Citizenship by Investment program was established in 2002. In 2018, the name of the program was changed to Cyprus Investment Programme. Before 2013, the minimum investment requirements was 10,000,000 Euros. In 2013, the threshold was lowered to 3,000,000 Euros and in September 2016 to 2,000,000 Euros respectively. The Government of Cyprus has established a cap of 700 passports issued annually.
In March 2020, it was announced that the Cyprus government has called for expedited processing of all citizenship by investment applications under the Cyprus Investment Programme (CIP). The decision comes as part of EU-wide measures taken to boost the Cyprus and EU economies in light of the COVID-19 global pandemic.
Why Choose Citizenship By Investment In Cyprus?
- Citizenship applications are approved within six months;
- Visa-free or visa on arrival access to 173 countries and territories;
- Dual citizenship allowed;
- Right to live, work and study in Europe;
- Cyprus is a meeting point for many of the world’s civilizations, situated at the crossroads of Europe, Asia, Africa and the Middle East;
- First-rate education system and excellent health care;
- Residence and citizenship applications can be submitted simultaneously;
- No language proficiency tests;
- People in a civil union may also submit applications;
- Low taxes and free trade with the EU;
- Right for property ownership in the EU;
- One of the safest countries in the world;
- A great holiday destination;
- Parents of the main applicant qualify for citizenship if they own a house priced at 500,000 euros + VAT or own a share worth at least 500,000 euros in the main applicant’s property
LEGAL BASIS
How To Qualify For Citizenship By Investment In Cyprus
- Have a valid passport and no criminal record;
- Investor’s name must not be included on the list of persons whose property is ordered to be
frozen by the EU; - Ownership of a permanent private residence in Cyprus with a purchase price of at least 500,000 euros (plus VAT);
- Before citizenship, applicants must first get residence; applicants must possess a residency permit for six months before obtaining citizenship;
- If an investor decides to only invest in residential property, the total investment must amount to 2,000,000 Euros (one of the residential properties must cost at least 500,000 euros).
Options For Citizenship By Investment In Cyprus
We Can Help With Citizenship By Investment In Cyprus
At Jane Katkova & Associates, we can help you with citizenship by investment in Cyprus. Choosing the right program is a critically important step in making a decision. We will be by your side through the complex process of making a choice on the country of your new citizenship, will guide and assist you through the process from beginning to the end to ensure its successful completion. In case of Cyprus, the whole process usually takes around 6 months to complete.
We will treat your case individually, and we will guide you every step of the way. We have experience and expertise in bringing people to Cyprus. We will be happy to offer our skills and knowledge to make sure you get your Cyprus passport easily and quickly.
Jane Katkova – Brown
