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Cyprus Investment Program

Cyprus Investment Program Hadjivangeli Advocate Cyprus Passport CyprusWHY 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 the rich and diversified culture, exciting coastline and the mild Mediterranean climate.

Cyprus is dynamic with a vast number of investment opportunities and a Member of the European Union.  Its strategic geographical location is optimal for business and traveling between the EU and the Middle East and provides direct access to the Mediterranean Sea.

HOW TO OBTAIN A CYPRUS CITIZENSHIP

The Cyprus Investment Program offered in accordance with subsection (2) of section 111A of the Civil Registry Laws 2002 – 2019, provides the following:

REQUIREMENTS

In order for the Applicants to qualify for the Cyprus Investment Program, in addition to the financial criteria below the Applicant must meet the following requirements:

  • Have a valid passport
  • Have a Clean Criminal Record
  • Have a Valid Schengen Visa (where applicable)
  • Possess a residency permit in the Republic of Cyprus for a period of six months before granted the citizenship
  • Own a permanent private residence in Cyprus with a purchase price of at least €500,000 plus applicable VAT
  • In case the Applicant chooses to invest only in residential properties and one of the residential properties is priced at least €500,000, then the total investment amount must be €2 million.

FINANCIAL CRITERIA

The Applicant must fulfill the financial criterion of donation and any one of the investment options:

A 1. Donation to the Research and Innovation Foundation and the Cyprus Land Development Corporation

(a) The applicant must donate at least €75,000 to the Research and Innovation Foundation.

(b) The applicant must donate at least €75,000 to the Cyprus Land Development Corporation for the financing of housing schemes for affordable housing, but also for the materialization of other housing schemes/measures.

INVESTMENT OPTIONS

 B 1. Investment in Real Estate, Land Development, and Infrastructure Projects

 The Applicant has to make an investment of €2 million for the purchase of the construction of an immovable property (commercial or residential).  The investment made in such immovable property must have prospects and plans for development.

 B 2. Purchase or Establishment or Participation in Cypriot Companies or Businesses

 The Applicant must make an investment of €2 million in the purchase, incorporation, participation in business or companies that are based and operating in Cyprus.  The companies should employ at least five Cypriot or European citizens and must have a physical location in Cyprus.

 B 3. Investment in Alternative Investment Funds or Financial Assets of Cypriot Companies or Organizations 

 The Applicant must make an investment in units of at least  €2 million in Alternative Investment Funds or Registered Alternative Investment Funds or financial assets of Cypriot companies or Cypriot organizations that are licensed by Cyprus Securities and Exchange Commission. It is permitted for these AIFs or RAIFs to invest in secondary market stock-market values of the Cyprus Stock Exchange an amount that does not exceed €200,000.

B 4. Combination Investment

 The Applicant may combine investments.  The total investment must be at least €2 million.

The Applicant has to make necessary investments during the three years preceding the date of the application and must keep the said investments for a period of five years as from the date of naturalization.

We draw your attention to the fact that this article is for informational purposes only. For more advice, contact us at the contacts listed on the site. 

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