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Cyprus

Cyprus Citizenship

Cyprus offers the fastest route to EU citizenship with a processing time of 3 months. Citizenship can be acquired through a minimum investment of €2 million in real estate. The Republic of Cyprus is an island country located of the coast of Turkey and east of Greece. The island attracts many investors over the world due to its geographical location and attractive taxation benefits. The island is famously promoted as the ‘bridge between the East and West. Cyprus is a member of the EU, which allows Cypriot businesses to have access to the one of the world’s largest free trade area. The island typically enjoys a warm and stable climate.

  • Visa free access to over 160 countries
  • No donation option
  • Fast turnaround in processing applications (Approximately 3 months).
  • No residency requirements
  • High approval rate providing entry requirements are met.
  • The investor must hold the investment for a minimum 3-year period.
  • Archaeological evidence suggest humans first lived in Cyprus 10,000 years ago.
  • Commandaria (a sweet Cypriot red wine ) is known to be the oldest wine in the world.
  • Cyprus has two international airports: Larnaca and Paphos.
  • Life expectancy of men is 76 and life expectancy of women in Cyprus is 80.
  • Cyprus has the 29th highest nominal GDP per capita in the world.
  • There is no inheritance tax in Cyprus.

The country’s economic outlook looks increasingly positive with the service sector accounting for approximately 80% of the country’s GDP. Cyprus has recently discovered large amounts of offshore gas deposits valued at approximately 300-3000% of the country’s GDP value. The gas discovery will aim to bring great wealth to the island in addition to new investments that will further expand the already thriving tourism industry. Furthermore, the Cyprus shipping industry is known to be one of the largest in the world, the country is known to have the tenth largest fleet of ships in the world.

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Investment Options

The Cyprus citizenship programme can be acquired through an investment in one of the following:

  • Investment in Real Estate

The main applicant may invest in Cyprus real estate worth at least €2 million. The applicant may sell their investment after 3 years however the applicant will be required to hold a Cyprus property with a minimum value of €500,000 indefinitely.

  • Investment in an Existing Company or Business in Cyprus

Applicants may invest a minimum €2 million in an existing business or company in Cyprus. The investment can be made in more than one company however the funds must be available in order to finance the investment objectives of the company. The investment objectives of the company will need to be clearly outlined within the business plan. The company must also have a physical presence in Cyprus and employ at least 5 employees in Cyprus.

A minimum investment of €500,00 in a Cyprus property will also be required under this investment option.  The Cyprus Citizenship by Investment regulations requires applicants to hold a Cyprus property with a minimum value of €500,000 indefinitely.

  • Investment in Financial Assets

A minimum investment of €2 million in financial assets licenced by the Cyprus Securities and Exchange Commission will allow investors to qualify for the Cyprus citizenship by investment programme.

A minimum investment of €500,00 in a Cyprus property will also be required under this investment option.   The Cyprus Citizenship by Investment regulations requires applicants to hold a Cyprus property with a minimum value of €500,000 indefinitely.

  • Combination of Investments

Investors may choose to make a combination of investments totalling a minimum €2 million.   An investment in real estate, business or financial assets from Cyprus will also allow investors to qualify for the Cyprus citizenship by investment programme.

Under the combination of investment option, investors may also invest a maximum €500,000 in government bonds issued by the Ministry of Cyprus.

A minimum investment of €500,00 in a Cyprus property will also be required under this investment option.   The Cyprus Citizenship by Investment regulations requires applicants to hold a Cyprus property with a minimum value of €500,000 indefinitely.

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Process

During the initial stages, the main applicant will need to make all the necessary investments in order to successfully apply for the Cyprus citizenship programme. All viewings for real estate shall be arranged prior to the visit. The main applicant and spouse are also required to travel to Cyprus in order to submit their biometric data and apply for their Cyprus Permanent Residence Permit.  Thereafter, AIM Capital Partners shall prepare the citizenship application and submit it to the Ministry of Interior.

The Ministry of Interior will instruct several established due diligence agencies to carry out a detailed background check on each applicant. This process will take around 3 months to complete.

AIM Capital Partners will thereafter apply for the citizenship certificates and passports, providing the application is successful. The passports and citizenship documents will be issued after six months from the day the application is submitted to the Ministry of Interior. Minor and adult dependents will be able to apply for citizenship after the main applicant has received their citizenship documents.

Requirements

In addition to making a financial investment, applicants must also meet the following requirements:

  • Must have a valid passport.
  • Provide documents supporting the source and origin of the declared funds for investment.
  • Provide proof that the applicant has no criminal record.
  • The applicant’s name must not be included in the list of persons whose property is ordered to be frozen within the boundaries of the EU.
  • Payment of application fees

Eligibility of Dependents

  • A spouse of the main applicant.
  • Children under the age of 18 of the main applicant.
  • Children between the age of 18 -28 who are in full time attendance at a recognized institution of higher learning and are fully supported by the main applicant.
  • A child of the main applicant who is physically or mentally challenged. The dependent must be fully supported by the main applicant.
  • Parents or grandparents of the main applicant living with and fully supported by the main applicant.

A successful applicant will have visa free or visa on arrival access to the following countries:

  • Andorra
  • Albania
  • Anguilla
  • Antigua and Barbuda
  • Argentina
  • Armenia
  • Aruba
  • Austria
  • Bahamas
  • Bangladesh
  • Barbados
  • Belgium
  • Belize
  • Bermuda
  • Bolivia
  • Bosnia and Herzegovina
  • Botswana
  • Brazil
  • Brunei
  • Bulgaria
  • Cambodia
  • Canada
  • Cape Verde
  • Cayman Islands
  • Chile
  • Colombia
  • Comoros
  • Costa Rica
  • Croatia
  • Czech Republic
  • Denmark
  • Djibouti
  • Dominica
  • Dominican Republic
  • Ecuador
  • Egypt
  • El Salvador
  • Estonia
  • Falkland Island
  • Fiji
  • Finland
  • France
  • Georgia
  • Germany
  • Gibraltar
  • Greece
  • Grenada
  • Guatemala
  • Haiti
  • Honduras
  • Hong Kong
  • Hungary
  • Iceland
  • Indonesia
  • Ireland
  • Israel
  • Italy
  • Jamaica
  • Japan
  • Jordan
  • Kenya
  • Kuwait
  • Kyrgyzstan
  • Latvia
  • Lebanon
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Macao
  • Madagascar
  • Macedonia
  • Malawi
  • Malaysia
  • Maldives
  • Mali
  • Malta
  • Mauritius
  • Mexico
  • Moldova
  • Monaco
  • Montenegro
  • Montserrat
  • Morocco
  • Mozambique
  • Namibia
  • Nauru
  • Nepal
  • Netherlands
  • New Zealand
  • Norway
  • Oman
  • Panama
  • Paraguay
  • Peru
  • Philippines
  • Poland
  • Portugal
  • Reunion
  • Romania
  • Samoa
  • San Marino
  • Senegal
  • Serbia
  • Seychelles
  • Singapore
  • Slovakia
  • Slovenia
  • South Africa
  • South Korea
  • South Sudan
  • Spain
  • Sri Lanka
  • Saint Kitts and Nevis
  • St Lucia
  • St Maarten
  • St Vincent and the Grenadines
  • Swaziland
  • Sweden
  • Switzerland
  • Taiwan
  • Tajikistan
  • Tanzania
  • Thailand
  • Togo
  • Tonga
  • Trinidad and Tobago
  • Turkey
  • Uganda
  • Ukraine
  • United Kingdom
  • Uruguay
  • Vatican City
  • Venezuela
  • Zambia
  • Zimbabwe

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