The Cyprus Investment Programme
The recent decision of the Council of Ministers for the revision of the Cyprus Investment Programme was taken on the 13th of February 2019. According to the decision, the revised Programme is put into effect from the date of its publication in the Government Gazette – i.e. the 26th of February 2019 –with the exception of certain clauses which the decision specifies that will be put into effect from the 15th of May 2019. The revised Programme has already been posted on the website of the Ministry of Interior.
Due to the fact that there are investors, who have been informed on the Programme prior to 13th of February 2019, and will not be able to submit their citizenship applications prior to the 15th of May 2019, the Council of Ministers decided that:
investors, who have concluded agreement/agreements for the purchase of immovable property – either within the framework of criterion A.2 (Investment in real estate, land development and infrastructure projects) or aiming at the fulfilment of the requirement for the possession of a privately owned residence in Cyprus – will be exempted from the obligatory fulfilment of the aforementioned criterion A.1 (Donation to the Research and Innovation Foundation and the Cyprus Land Development Corporation), provided that the purchase agreement/s will be stamped until the 15th of May 2019 and will bear a seal of the Stamp Duties Commissioner dated until the 15th of May (included).
The abovementioned exemption will be in force for applications that will be submitted until the 15th of July 2019.
12 years of real estate experience
Best proffesional use of real estate investment options based on maximum return on investment and solid capital growth
Cyprus as an attractive destination for investment
Benefit from a highly specialised human capital, a reliable legislative and regulatory framework and a stable tax system
A minimum investment of €2 million in real estate
The investment assets obtained can be sold after a period of 5 years