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Lawyer in Cyprus Location

8 Kennedy Ave., Office 101, CY-1087, Lefkosia, Cyprus Mon - Fri 09:00-18:00 Online Chat : 24/7

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C. Hadjivangeli & Partners LLC

Advocates – Legal Consultants

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Cyprus lawyer INT:+357-22366777

Cyprus Citizenship by Investment

Cyprus Citizenship by Investment

Why Cyprus?

Cyprus is considered the sunniest European place with at least 330 days of sunshine a year. Cyprus is the country of choice for millions of tourists every year, all attracted by rich and various culture, exciting coastline and mild Mediterranean climate. Cyprus is dynamic and developing. That’s why it has a wide reputation as a country for international business. The main keys for its popularity are high-standard services, geographical location and convenient tax regime. Therefore Cyprus is a profitable destination for investment.

What are the benefits of Cyprus citizenship?

  • Travel benefits. Citizen of Cyprus have rights to travel within the whole of the European Union without any restriction. You don’t need a visa in any 28 Member States.
  • Taxation benefits. Cyprus is one of the countries with the lowest corporate tax rate. Cyprus has signed the Agreement with several countries for the avoidance of double taxation as well.
  • High living standard. Cyprus offers a high level of life including high quality of healthcare and education (Cyprus has two reputable public universities).
  • No residence requirement. Applicants do not need to reside in Cyprus prior and even after obtaining their Cypriot passport.
  • Fastest track. Processing time takes 4-6 month.

How to obtain a Cyprus Citizenship?

The Cyprus Citizenship by Investment Programme is one of the most attractive in Europe. This programme offers diverse options to investors wishing to get Cyprus Citizenship.

Investment options:

  • Land Development, Infrastructure, Real Estate. The applicant has to make an investment of €2 million for buying or construction of immovable property (commercial or residential). The investment should be made in a building land which have plan for its development.
  • Incorporation, Purchase, Participation in Cypriot Businesses or Companies. An investment of €2 million in the purchase, incorporation, participation in businesses or companies that are based and operating in Cyprus. The companies should employ at least five Cypriot or European citizens, have physical location in Cyprus.
  • Alternative Investment Funds (AIFs) or financial assets of Cypriot businesses or organizations licensed by CYSEC. An investment of €2 million into units in AIFs, founded, licensed and administrated in the Republic of Cyprus, in companies or organizations that have demonstrated substantial economic activity in Cyprus which are regulated by the Cyprus Securities and Exchange Commission.
  • Combination of investments. The applicant may combine investments. The total investment must be at least €2 million.

What are the main requirements?           

  • Age – 18 or over
  • Clean criminal record from country of origin
  • One visit to get biometrics and PR Permit
  • Confirmation that the investor’s property is not frozen or ordered to be frozen by the European Union

How to apply for Cypriot Citizenship

The process may be simplified into the following steps:

Step 1: Application preparation and pre-approval by C.Hadjivangeli&Partners LLC.

Step 2: Purchase of real estate.

Step 3: Citizenship application submission and qualifying investment made in an escrow account.

Step 4: Government processing of the application.

Step 5: Approval in principle.

Step 6: Government fees paid and investment released.

Step 7: Citizenship certificate issued.

Step 8: Passport application, biometrics, and passport issuance.

 

Consultation

Tel.: International: +357-22366777 Fax:+357-22366778 +357-22366779

Law firm address

Nicosia: 8 Kennedy Ave., Office 101, CY-1087, Lefkosia, Cyprus Limassol: 1 Ellis Lampeti street, Office 201, CY4105, Agios Athanasios, Limassol, Cyprus Larnaka: 2 Apostolou Varnava, Tsokkos Court, Flat 103, CY6023, Larnaka, Cyprus Paphos: 23 Fellahoglou Street, CY8016, Paphos, Cyprus

Mailing details

hadjivangeli@hadjivangeli.com

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