EUROPEAN CITIZENSHIP – A EUROPEAN PASSPORT

“Naturalisation Procedure for Investors in Cyprus”

Cyprus and its mediterranean lifestyle offers a variety of pleasant amenities and is about finding the perfect balance of business, leisure, food, a safe place to live for the family and a country that offers a fast track solution to a European passport that lets you travel freely. Cypriot citizens may also use their national identity cards to exercise the right of free movement within the EU member states.

This idyllic island in the mediterranean sea, being a full member of the European Union and granting its citizens the same rights as any other country of the European Union, ranks as a very low risk country to attacks of extremists.

Requirements and conditions

  1. 3-month (fast-track) procedure to approve applications.
  2. The applicant must invest a minimum value of € 2 million + VAT (if applicable) in a single property to be used as a residence. The property must remain in the ownership of the investor for at least 3 years, after which the investor may sell his/her property and invest in another at a minimum value of €500,000+ VAT (if applicable).
  3. The minimum real estate investment of € 2 million + VAT (if applicable) may also be calculated as the total of a selection of properties. This is conditional of the fact that, at least one property must be used as a residence with a minimum value of €500,000 + VAT (if applicable). All properties used for the calculation of the mandated minimum investment must be retained by the investor for at least 3 years.
  4. A residence may also be acquired collectively by members of the same family, who apply as separate investors. This is conditional of the fact that the total value of the residence covers the mandated minimum of €500.000 per applicant.
  5. If the purchase value of the permanent privately-owned residence exceeds the amount of €500.000, the surplus may be used to supplement the total amount of the investment to fulfil the mandated minimum of € 2 million + VAT (if applicable).
  6. In calculating the total investment amount, the applicant may include any property of properties purchased within the last 3 years.
  7. The applicant must hold a residence permit in Cyprus prior to his naturalisation. If the applicant does not already hold a residence permit, he/she must simultaneously apply for naturalisation and an immigration permit on the basis of Regulation 6(2) of the Aliens and Immigration Law.
  8. This procedure extends to the spouse and children of the applicant. Children may include those up to the age of 28 so long as they are financially dependent on the applicant and full time university students.
  9. Applicants must be able to show a clear criminal record in their country of origin, as well as their country of residence (if different).
  10. The naturalisation procedure does not mandate physical residency in Cyprus, before and/or after approval.

Benefits

  • Same rights as any European Citizen.
  • Naturalisation eligibility extends to the whole family.
  • Cyprus permits dual-citizenship.
  • You can travel, live, work and study anywhere in the European Economic Area (European Union, Iceland, Liechtenstein and Switzerland).
  • Easy travel to nearly 160 countries – no visa necessary.
  • Cyprus is a great place to raise a family and benefit from excellent tax regulations.
  • Cyprus is both politically and economically stable.
  • Cyprus does not mandate inheritance wealth, gift or immovable property taxes.
  • The investor is not barred from renting out his/her privately-owned residence.
  • Cyprus has a top-notch education and healthcare system.
  • You can make use of the EEA’s free movement of capital, services and goods.
  • The necessary investments are not limited to properties purchased for the first time.
  • In comparison to other naturalisation programs around the world, the Cyprus Immigrant Investor Program, is an investment and NOT a donation.
“The sense of having a second passport is that no government should have the entire control over your and your family’s life or your assets. Most people who are citizens of one country only are at the mercy of their government.”

European Passport

Welcome Home

European Passport

With a second passport on your person, especially a European one, you can have multiple places to call home. Work, enjoy a safer life, protect your family, let your children study in London, Paris, Rome or anywhere else in Europe. Even if things go bad in one country,  you can claim citizenship in more than one location. When it comes to finding a living space or simply working, you won’t find yourself short on options. Consider this a very reliable safety net for the most important aspects of your life

Be Free

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Be Free

The right of freedom of movement is a fundamental human right. If your current passport doesn’t allow for visa-free travel or residence in another country, you and your family are restricted, in many ways. When you have a stronger passport in your corner, you have the world at your feet. Enjoy a safer life, protect your family, let your children study in London, Paris, Rome or anywhere else in Europe. The legal benefits of a second nationality have tremendous importance in the daily lives of individuals.

The Place

An invironment to prosper

The Place

The country is located in the Mediterranean Sea, a short distance from Lebanon, Turkey, the Greek Islands and Egypt. Cyprus enjoys an idyllic Mediterranean lifestyle, beautiful beaches, 340 days of sunshine a year with welcoming friendly people in a relaxed environment. Cyprus is a safe country to live in. With its excellent flight connections and first class airports Larnaca and Paphos, the island is perfectly placed for business and travelling within and beyond the European Union.

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