Citizenship Program

On the 24th of May 2013 the Council of Ministers of the Cyprus Government introduced new and more relaxed criteria beneficial for non-EU citizens, businessmen and investors. The “Naturalization by Exemption” scheme contains a number of criteria for investors which can be combined and used as leverage for obtaining the Cypriot citizenship.

This is a unique opportunity to convert business activities to European citizenship with all the benefits ensuring free movement, residence, rights and so on.

One of the key benefits of the Cyprus citizenship program is that it involves a secure investment. Cyprus Citizenship shall be granted to the applicants who invest directly in Cyprus property as below.

  • € 2,500,000 in properties and also owns €500,000 plus VAT residence

The investor should bear in mind that:

  • The investment may be sold after 3 years.
  • A real estate property of minimum value €500,000 which will be declared as his permanent residence should always be kept in his possession.

The investment in properties can be anything from residential units, commercial units (offices & shops), hotels, or any other kind of property apart from undeveloped land, or any combination of these. If the investor decides to invest in residential properties, then the value of these properties, in order to qualify, could be no less than €2,500,000

ADVANTAGES OF INVESTING IN PROPERTY
• Quick processing of application
• Steady and risk-free investment
• Growth of value increase
• Positive impact of inflation
• Positive Cash flow via rent
• No inheritance tax

TERMS & CONDITIONS FOR APPLICATION OF CYPRUS CITIZENSHIP THROUGH EXEMPTION
All the investors shall meet the following criteria:
• Clean criminal record
• Investment in real estate in Cyprus of at least € 2,500,000
• Ownership of residential property at least for € 500,000 plus VAT
• Contract of Sale proving the direct investments in the real estate and the receipt of payment