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Cyprus passport - investment citizenship in Cyprus

About the program

Starting from 19 March 2014, according to the Cyprus laws, the non-Europeans investing in the economy of Cyprus have the opportunity to obtain Cyprus (European) citizenship.
Prime Property Group’s Legal Department offers a service package to facilitate the submission of individual and collective investment citizenship applications, and to make sure all of your family members receive Cyprus passports in a timely manner.

Very important to know that Cyprus passport is not a residence permit or a visa but rather full citizenship of the EU-member state.

 

Major benefits of the programme

Investor is entitled to sell its investments after 3 years, however he must hold possession of at least 500 000 Euro worth of residential property (+ VAT if applicable)
No double taxation in Cyprus, international tax planning tool and financial confidentiality to the Cyprus passport holders
A fast-track procedure takes only 6 months (the fastest in Europe)
Investment minimum € 2 mln (+ VAT if applicable) in real estate and government bonds
Dual-citizenship permitted and the acquisition of citizenship in Cyprus is not reported to other countries
Numerous education options in the European universities, which feature lower tuition fees
No history or language proficiency tests
No requirement to reside in Cyprus either before, during or after the approval of the citizenship application
VISA-free travel to 157 countries worldwide, including all the European Union countries, Canada and Australia amongst others
The citizenship is granted to the whole family – husband, wife and all financially dependent children under 28 years old. The applicant’s parents are also entitled to apply for Cyprus citizenship by exception provided that they own a lifetime residence of at least € 500,000 (excluding VAT)
All the rights of an EU citizen protected by EU legislation and regulations include the following: freedom to reside, work, do business, study and travel anywhere in the EU, Switzerland, Liechtenstein, Norway and Iceland
 
 
 
 

Selected property offers


Possible investment ways

Investment criteria

The applicant is required to comply either with a single one or with a combination of the below criteria

Investment in government bonds

The applicant may to purchase state bonds of the Republic of Cyprus for 500,000 Euro maximum.

Investment in real estate, land development and infrastructure projects

The applicant has to make an investment of at least €2 million in the purchase or construction of buildings or for the construction of other land development projects (residential or commercial developments).

Purchase, creation, or participation in Cypriot business or companies

The applicant has to make an investment for at least €2 million in the purchase, creation or participation in businesses or companies, that are based and operating in the Republic of Cyprus. These businesses or companies should evidently have a tangible presence in Cyprus and employ at least five (5) Cypriot citizens.

Investment in financial assets of Cypriot companies or Cypriot organizations

The applicant has to purchase financial assets of Cypriot companies or Cypriot organizations (bonds/ securities/ debentures registered and issued in the Republic of Cyprus) for at least €2 million.

The most cost-effective investment scenario is the acquisition of residential properties with a total value of €2 million, as there is no need to buy a residential property worth €500,000. When investing in government bonds and commercial properties, in addition to the investments of €2 million, the applicant is required to purchase a residential property (1 or 2), worth €500,000.

 

GOVERNMENT FEES

APPLICANT SUBMISSION FEE CERTIFICATE ISSUANCE FEE TOTAL
Investor €2,000 €5,000 €7,000
Spouse €2,000 €5,000 €7,000
Financially dependent child €2,000 €5,000 €7,000
Minor child €80 €80

 

 

Comparison of Cyprus citizenship program to passport programs of other countries

  Cyprus Malta Latvia UK Spain St Kits & Nevis
Result EU Passport EU Passport EU Residence for 5 years; passport after 6 years plus exams in the Latvian language and history EU Residence for 5 years (3 years then 2 years); passport after 6 years plus exam in English EU Residency for 5 years Passport St Kitts & Nevis
Time to obtain passport 3 months 12 - 14 months 6 years 6 years 10 years 4 - 6 months
Currency EUR EUR EUR GBP EUR USD
Amount of investment 2,500,000 500,000 (or 150,000 plus rent of a property for minimum 16,000 for 5 years) 250,000 2,000,000 500,000 400,000
Donation 650,000 (plus 50,000 for every adult family member and 25,000 for under 18) Optional
Duration for investment to be kept 3 years 5 years 5 years 5 years 5 years 5 years
Assets Bonds or securities of Cyprus companies or Real estate or Business or Deposit Bonds and Real Estate Real Estate Bonds or securities of the UK companies (75%) and Real Estate or Deposit (25%) Bonds or Real estate or Business Donation or Real Estate
Physical residence No 6 -12 months No Not to be absent for more than 450 days within first 5 years and not more than 90 days within the 6th year Yes No
Dual citizenship Yes Yes No Yes No Yes
Visa free travel, residence and work in EU Unlimited Unlimited Free travel in Schengen countries and residedence in Latvia, no working permission Residence in the UK, no working permission Free travel in Schengen countries and residence in Spain, no working permission Free travel in Schengen countries and the UK limited to 180 days a year; no working permission

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Налоги и пошлины

ID: 6399
Сбор за перевод права собственности (единоразовый)
1445.7 € (1.57 %) один владелец
1380 € (1.50 %) два владельца
Гербовый сбор (единоразовый)
138 € (0.15%)
Налог на недвижимое имущество (ежегодный)
75 € (0.08 %)
Муниципальный налог (ежегодный)
250 €/год (0.27 %)
Стоимость юридического сопровождения (единоразовая)
736 € (0.8 %) — 920 € (1 %)

Более подробную информацию о налогах и сборах при покупке недвижимости на Кипре вы можете получить на нашей странице.

Ольга
Менеджер-консультант
+(357) 25 315 318

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