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

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Cyprus Citizenship that can be passed on to future generations

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No Residency Requirement before or after the grant of citizenship

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Full Residence Status including the right to live and work in Cyprus

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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.

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Right to Live and Work in many other EU countries

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Democratic Government offering stability

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Dual Citizenship is permitted so applicants are not required to renounce their existing citizenship

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No Taxation in respect of capital gains, inheritances, or offshore companies

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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