Obtain the Cypriot Citizenship by Investment by buying immovable properties that costs over 2.000.000 euros.
Investors can apply for Citizenship by Investment Cyprus, by an individual application. There is no need to be part of a collective group provided that one of the following investments is fulfilled within the period of three years prior to the date of the application submission.
This investment scheme implies the investment in the amount of at least €2 million. Applicable for the purchase and/ or construction, and/or creation of developments such as commercial projects and/or developments in tourist sector and/or any other infrastructure projects. The business plan should be presented to the relevant Authorities for approval. The total investment should be minimum of €2 million if one residential property is of at least €500.000 (VAT not included) which must be kept permanently. If the applicant has invested in housing unit/ units within this scheme, the purchase of another permanent residence in Cyprus will not be required. If at least one of these housing units is worth €500.000 plus VAT, provides that the residence will be kept permanently.
The applicant can invest at least €2 million in order to purchase, incorporate or participate in companies. An investigation that have physical presence and activities in Cyprus. Also, employ at least five Cypriot or EU citizens who have been legally residing in Cyprus for a continuous period of at least 5 years. The minimum number of employees increases where more than one applicant invests in the same investment.
Applicant can purchase financial assets of at least €2 million from organizations of alternative investment funds (AIFs). The AIFs are registered and their activities are operated in Cyprus and they are licensed and supervised by the Cyprus Securities and Exchange Commission. Furthermore, any other investments which are approved by the Ministry of Finance may qualify for the present investment scheme. The administrator and the auditor of the Fund is obliged for the present investment scheme. The administrator and the author of the Fund is obliged to report to the Ministries on annual basis with reference to the investment amount.
Applicants can have a combination of any of the above criteria amounting to at least €2 million. Within this, the applicant may also purchase Cyprus government bonds of the maximum amount of €500.000.
New criteria and terms are introduced regarding non–Cypriot entrepreneurs/ investors and members of their families.
Who may submit applications in accordance with the provisions of the “Programme”.
Call Us for further info: +357 99 20 7000 / +357 25 66 00 92
Inter M Properties, Cyprus Real Estate Agents’ main goal is to simplify the home buying and selling experience. Most importantly a house is more than a property. In other words it’s the Home will host your life, further the Home will create memories for you and your loved ones, and the Home will accompany you to everything!
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