Cyprus Citizenship By Investment

Citizenship | Access to EU, Hong Kong, Singapore and Canada

The Naturalisation of Investors in Cyprus by Exception, is administered by the Cypriot Ministry of Interior
and regulated through subsection (2) of section 111A of the Civil Registry Laws of 2002-2017

Cyprus

Cyprus lies at the crossroads of Europe, Africa and Asia. The population of Cyprus is about 847,000. The capital of Cyprus is Nicosia. The official languages spoken are Cypriot Greek, which is a dialect of Greek, whilst English is also widely spoken. Cyprus adopted the euro as its official currency in 2008.

Cyprus has long established itself as a thriving business hub. The island is an ideal investment gateway to the European Union, as well as a portal for investment outside the EU, particularly into the Middle East, India and China. As a member of the wider EU and Eurozone community, Cyprus ensures safety and stability for investors, while also offering them market access to more than 500 million EU citizens.

Cyprus has all the right ingredients to maintain a strong and resilient economy, due to its small size, productive labour force, and a business friendly and flexible government.

Benefits

The Cyprus Citizenship By Investment Programme grants access to visa-free travel to 173 countries including the EU, Hong Kong, Singapore, and Canada, amongst others. Furthermore, with Cyprus being an EU member state, it grants the right to live, work and study in all 28 EU countries and Switzerland.

The government typically issues a decision on an application after approximately three months, with the entire process taking circa 6-9 months to complete. The real estate option is the most popular investment option due to its simplicity in comparison to the other options.
Cyprus CBI

COMMITTMENT

To apply for citizenship in Cyprus through the Citizenship By Investment Programme, the following commitment is required:

A compulsory contribution to the government of EUR 150,000, together with a purchase of a EUR 500,000 residential property, which needs to be maintained indefinitely; and

A total investment of a minimum of EUR 2,000,000, which must be maintained for a minimum period of five years from acquisition of citizenship, in:

– A Cypriot business or company; or
– Alternative Investment Funds or financial assets of CySec-approved Cypriot companies or organisations; or
– An additional investment of EUR 1,500,000 in Real Estate; or
– A combination of these three options, of which a maximum of EUR 500,000 can be in government bonds;

The main applicant may include spouse and children under 18 years of age, as well as children between the ages of 18 and 27 years who are enrolled full-time in a recognized post-secondary institution. In addition, the main applicant may include his or her parents, but they must also purchase a residential property with a value of at least EUR 500,000.

Further to this, the amount of government-related administrative fees varies from circa EUR 400 for minor dependents up to EUR 7,820 for the main applicant and adult dependents. This means that the total capital outlay for a single applicant would amount to circa EUR 2,158,120 if choosing the real estate route, excluding any taxes, duties and service providers’ professional fees.

Our Process

1-qualification

1. Qualify

The CIVIQUO™ process starts by filling in our qualification questionnaire. The questionnaire is a simple online form which helps us to gather all your requirements, whilst ensuring that the essential criteria are met.

immigration quotes

2. Receive Quotes

Our team will use the information you provide to find the best quotes in the market for you. Our growing international network of immigration professionals, means that we can provide the best quotes in the market, for any residency or citizenship programme, anywhere in the world.

3-confirmation

3. Confirm

We will send you the quotes and once you have identified a quote which best suits your needs, our team will reconfirm expectations on both sides, a client agreement is signed, and a deposit payment is made.

residency application

4. Application Process

Your chosen service provider, will work with you to start compiling the application. Our concierge-style support will ensure that the process of compiling the application is as smooth as possible.

5-outcome

5. Outcome

Once an application has been submitted, the government authorities review the application and communicate the outcome. This period of time varies depending upon the programme, but it may be used to further explore what opportunities will become available once residency or citizenship are attained.

permit renewal

6. Renewal & Support

Some residency and citizenship programmes require compliance monitoring, and/or renewals, and together with our service providers, we will make sure that any renewals, or other interventions are done on time, and accurately. Even after this, the CIVIQUO team remains at your service.