Criteria & Conditions
The investment must be retained for a period of five years and €150.000 contribution. All nationalities are eligible to apply, the application examination period is just six months.
This provides full EU rights, including the ability to live and work in any EU country.
After a period of five 5 years the main investment may be sold, however the investor must always maintain a property with a value of at least €500,000 plus VAT
Additionally investor is required to have a clean criminal record, and be a holder of a valid Schengen Visa prior to submitting a citizenship application.
Applicants whose citizenship application has been rejected by another EU member state, will not have the right to apply.
Benefits of the Cyprus
Cyprus is a common law jurisdiction
Property acquired is freehold
No inheritance tax
Low property tax
Reduced 5% VAT
Lowest crime rate in Europe
-Application will be examined within approx. 8 months
Investors must visit Cyprus at least once every 7 years
Citizens have the right to live, work and get an education within the European Union, Free movement of goods, services and capital, Visa-free travel to over 158 countries including the EU and Canada.
Protection by the diplomatic or consular authorities of any EU country
All European Citizens have the right to vote and stand for European Parliament Elections
No need to renounce previous nationality as dual citizenship is allowed
Citizenship can be passed to future generations by descent
All nationalities are eligible for the programme.