Cyprus Citizenship By Investment
Citizenship | Access to EU, Hong Kong, Singapore and Canada
and regulated through subsection (2) of section 111A of the Civil Registry Laws of 2002-2017
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.
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.
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;
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.
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.
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.
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.
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.
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.
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.