Cyprus Residency
DONATION
€200,000
MINIMUM PROPERTY
€2,000,000
TIME TO RESIDENCY
6-8 Months
VISA-FREE TRAVEL
175+ Countries
Cyprus Residency By Investment Program
The Cyprus permanent residency by investment program is an ideal option for those Non-EU investors who seek to live, work, and do business in Europe. Located in the north-eastern corner of the Mediterranean Sea, the Republic of Cyprus is a full member of the European Union and houses some of the leading business centers in the continent. In addition to earning the right to reside anywhere within the EU, Cyprus passport holders can also travel visa-free to more than 175 countries including key global business centers such as Australia, Canada, and Russia. Apart from the freedom to travel, Cyprus permanent residents are not required to pay any capital gains, inheritance, or offshore company taxes.
The geography of Cyprus includes the Central plain, as well as the Mesaoria Plain, which is bordered by the Kyrenia and Pentadactylos mountains to the north and the Troodos mountains to the south and west. Having gained independence from the United Kingdom in 1960, the country has firmly established political stability in the last 30 years. Apart from the quality of the lifestyle if offers, Cyprus is extremely safe and it’s crime and violence rates are considerably lesser when compared to American and European Standards.
Why Cyprus?
VISA-FREE TRAVEL
- RCyprus Passport holders can travel to over 170 countries worldwide, including Australia and Canada. You also become a citizen of the European Union with the right to live and work anywhere within the 28 EU countries.
GOVERNMENT
- RCyprus is a presidential republic.
- RThe head of state and of the government is elected by a process of universal suffrage for a five-year term.
- RThe Republic of Cyprus is divided into six districts: Nicosia, Famagusta, Kyrenia, Larnaca, Limassol and Paphos.
CULTURE & SPORTS
- RGreek Cypriots and Turkish Cypriots share a lot in common in their culture due to cultural exchanges but also have differences. Several traditional foods (such as souvla and halloumi) and beverages are similar, as well as expressions and ways of life.
- RThe art history of Cyprus can be said to stretch back up to 10,000 years.
- RThe traditional folk music of Cyprus has several common elements with Greek, Turkish, and Arabic Music.
About the Cyprus Residency Program
The Cyprus residency by investment program currently offers investors the quickest route to an EU passport (180 Days). The Cyprus permanent residency by investment program was first initiated in 2013 and is the only European country to fast track secondary citizenship, making it an extremely lucrative investment option.
Applicants are not required to live in Cyprus to obtain citizenship or permanent residency, meaning you can apply for and receive Cyprus passports without having to relocate the entire family or renounce your original nationality.
Benefits of Cyprus Residency Program
Cyprus Citizenship that can be passed on to future generations
No Residency Requirement before or after the grant of citizenship
Full Residence Status including the right to live and work in Cyprus
Visa-Free Travel to over 175 countries including Australia and Canada. You also become a citizen of the European Union with the right to live and work anywhere within the 28 EU countries.
Right to Live and Work in many other EU countries
Democratic Government offering stability
Dual Citizenship is permitted so applicants are not required to renounce their existing citizenship
No Taxation in respect of capital gains, inheritances, or offshore companies
Excellent Airlift to and from all major countries worldwide
Application Process
At Citizenship and Corporate Services (CCS) you are in capable hands. We are fully approved by the Government of Cyprus as Representatives and Service Providers of the Citizenship by Investment Program. We have a very experienced team of professionals who are intimately knowledgeable about the Citizenship by Investment Program in Cyprus. Clients are afforded personalized and confidential service through our team of citizenship specialists. We are industry leaders who have been tested and proven by our clients.
To be eligible to apply for citizenship of Cyprus, the Principal Applicant must:
Be at least 18 years of ageSatisfy both qualifying investments under two investment requirements. The Principal Applicant, his or her spouse, and all other. Dependents included in the application who are over the age of 16 years must pass due diligence background checks.
Dependents of a Principal Applicant may be included in his or her application for citizenship and such dependents upon approval of the application will also be granted citizenship of Cyprus. Dependents include any one or all of the following:
- Spouse of the Principal Applicant
- Children of either the Principal Applicant or his or her spouse who are under the age of 21 years
- Other children of either the Principal Applicant or his or her spouse between the ages of 21 – 30 years who are financially dependent on the Principal Applicant
- The parents of the investor and/or the parents of the spouse or partner of the investor can submit an application under the CIP scheme provided they own a permanent private residence in the Republic worth of at least Five Hundred Thousand euros (€ 500,000) plus VAT
- A child or parent of either the Principal Applicant or his or her spouse who is of any age and is physically or mentally challenged as well as being fully supported by the Principal Applicant
- A legally adopted child
Applicants are required to submit completed Government application forms together with supporting documents which are based on the particulars of both the Principal Applicant and his or her dependents. Contact Us today for a personalized list of required documents for you and your family.
The application process takes approximately 3 months from the date of submission of the application. CCS has developed a Streamlined and Interactive Process (SIP) that is very effective and is easy for clients to follow. It enables CCS to provide guidance, assistance and advice to its clients throughout the process.
Streamlined and Interactive Process (SIP)
| SIP Step 1: Preliminary | CCS conducts one-on-one dialogue with clients to answer questions, clarify elements of the Program as well as determine eligibility. The client and CCS execute an Engagement Letter detailing the services to be provided including a quotation of all fees and costs. Clients choose their preferred option for citizenship and their real estate property if applicable. |
| SIP Step 2: Preparation and Submission of Application | CCS Citizenship Specialists provide clients with both comprehensive application kits (comprising application forms, checklists, notes and sample documents to guide the preparation of their applications) as well as other assistance and guidance as required. CCS undertakes a robust review of each client’s documents before the application is submitted to the Citizenship by Investment Unit (CIU). |
| SIP Step 3: Due Diligence & Decision | At this stage, the CIU will conduct its due diligence exercise in relation to the application. Any queries emerging from the due diligence process are responded to effectively and quickly. At the end of this process, the CIU will issue one of the following decisions: Approved in Principle; Delayed for Cause or Denied. |
| SIP Step 4: Issuance of Certificate of Citizenship & Passport | Once a client’s application has been approved in principle, the balance of the Government processing fees becomes payable as well as the investment or donation amount. The passport application is submitted to the CIU. Upon satisfaction of these requirements, the CIU issues the Certificate of Registration and passport for the client. CCS ensures that these documents are safely and securely delivered to the client. |
If you wish to apply for Saint Kitts and Nevis citizenship by investment program, you must not fall under any of the conditions mentioned below to be eligible for the program:
- St Kitts and Nevis passport application with misrepresented or omitted information
- Has been denied a visa to a country, where St Kitts and Nevis passport allows visa-free travel and who has not subsequently obtained a visa to the country that issued the denial.
- Citizens of Iran, Afghanistan or North Korea.
Investment Options And Fees
The Cypriot Citizenship by Investment program currently offers the quickest route to citizenship within the EU from application submission in only 180 days. The citizenship program was initiated in 2013 and is the only European country to fast track secondary citizenship, making it an extremely lucrative choice.
Applicants are not required to live in Cyprus to obtain citizenship, meaning you can apply for and receive Cypriot passports without having to relocate the entire family or renounce your original nationality
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Option 1: Donation to Research & Innovation Foundation and The Cyprus Land Development Corporation
A donation of EUR 200,000 (EUR 100,000 to the Research and Innovation Foundation and EUR 100,000 to the Cyprus Land Development Corporation).
| Minimum Investment – Payabale upon grant of approval in principle. | €200,000 – Irrespective of the number of dependents that are included in the application. |
| Due Diligence Fees – Payable on submission of application – No Due Diligence Fees are payable in respect of dependents 0 – 11 years | – $7,500 – Principal Applicant – $7,500 – Spouse – $4,000 – Parent 58 years and over – $4,000 – Dependent 18+ years – $2,000 – Dependent 12-17 years |
| Government Fees – 10% payable upon submission of the application and 90% upon the grant of approval in principle | – $30,000 – Single person or a Family of up to 4 persons – $15,000 -Each additional person |
| Other Applicable Fees | – Passport Fees |
Option 2: Investment In A Government Approved Project
A property in the Republic of Cyprus with a minimum investment of EUR 2 million or a combination of investments in Real Estate, Company Shares, or Financial Assets with a minimum investment of EUR 2.5 million.
| Minimum Investment – Payabale upon grant of approval in principle. | – $100,000 – Single Applicant or a Family of 4 or less persons. – $125,000 – Family of 5 or more persons |
| Due Diligence Fees – Payable on submission of application – No Due Diligence Fees are payable in respect of dependents 0 – 11 years | – $7,500 – Principal Applicant – $7,500 – Spouse $4,000 – Parent 58 years and over – $4,000 – Dependent 18+ years – $2,000 – Dependent 12-17 years |
| Government Fees – 10% payable upon submission of the application and 90% upon the grant of approval in principle | – $30,000 – Single person or a Family of up to 4 persons – $15,000 -Each additional person |
| Other Applicable Fees
| – Passport Fees |
Our Citizenship Specialists would be pleased to provide a complimentary fully-customized quotation for you and your family which will detail the costs including professional fees associated with your application for citizenship in Cyprus.
Visa-Free and Visa-On-Arrival Countries
EUROPE
Albania
Andorra
Austria
Belarus
Belgium
Bolivia
Bosnia and Herzegovina
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Faroe Islands
Finland
France
Georgia
Germany
Gibraltar
Greece
Hungary
Iceland
Ireland
Italy
Kosovo
Latvia
Liechtenstein
Lithuania
Luxembourg
Malta
Moldova
Monaco
Montenegro
Netherlands
North Macedonia
Norway
Poland
Portugal
Romania
Russian Federation
San Marino
Serbia
Slovakia
Slovenia
Spain
Sweden
Switzerland
Ukraine
United Kingdom
Vatican City
EUROPE
Albania
Andorra
Austria
Belarus
Belgium
Bolivia
Bosnia and Herzegovina
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Faroe Islands
Finland
France
Georgia
Germany
Gibraltar
Greece
Hungary
Iceland
Ireland
Italy
Kosovo
Latvia
Liechtenstein
Lithuania
Luxembourg
Malta
Moldova
Monaco
Montenegro
Netherlands
North Macedonia
Norway
Poland
Portugal
Romania
Russian Federation
San Marino
Serbia
Slovakia
Slovenia
Spain
Sweden
Switzerland
Ukraine
United Kingdom
Vatican City
EUROPE
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Asia
Armenia
Bangladesh
Cambodia
Georgia
Hong Kong
Indonesia
Iran
Jordan
Laos
Lebanon
Macao
Malaysia
Maldives
Nepal
Philippines
Qatar
Singapore
South Korea
Sri Lanka
Timor-Leste
EUROPE
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Africa
Botswana
Cape Verde Islands
Comoros
Egypt
Eswatini (Swaziland)
Gambia
Guinea-Bissau
Kenya
Lesotho
Madagascar
Malawi
Mauritania
Mayotte
Mauritius
Mozambique
Reunion
Rwanda
Senegal
Seychelles
Sierra Leone
Somalia
South Africa
St. Helena
Tanzania
Togo
Tunisia
Uganda
Zambia
Zimbabwe
EUROPE
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North America
Anguilla
Antigua and Barbuda
Bahamas
Barbados
Belize
Bermuda
British Virgin Islands
Cayman Islands
Costa Rica
Cuba
Dominica
Dominican Republic
El Salvador
French West Indies
Greenland
Grenada
Guatemala
Haiti
Honduras
Jamaica
Montserrat
Nicaragua
Panama
Saba
St. Eustatius
St. Kitts and Nevis
St. Lucia
St. Maarten
St. Vincent
Turks and Caicos Islands
EUROPE
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South America
Aruba
Bonaire
Brazil
Chile
Colombia
Curacao
Ecuador
French Guiana
Guyana
Peru
Suriname
Trinidad and Tobago
Venezuela
EUROPE
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Oceania
Cook Islands
Fiji
French Polynesia
Kiribati
Micronesia
New Caledonia
Niue
Palau
Samoa
Solomon Islands
Tuvalu
Vanuatu