Applying to the Cyprus Investment Programme is a transparent and safe procedure. Cyprus’s trustworthy status as an international business centre offers key benefits to foreign investors while the island’s high quality standards of living are particularly attractive for relocation and family living. Becoming a citizen of Cyprus means that residents can enjoy a safe environment, a multicultural and cosmopolitan society as well as explore professional opportunities for business growth and development. Moreover, as an EU member-state, Cyprus provides access to travelling, working, studying and residing within the European Union.
All your investment needs met at one place
PRIME PROPERTY GROUPS, as an Official Authorised Partner by the Government of The Republic of Cyprus, is able to offer fully-fledged services for the successful application to the Cyprus Investment Programme.
Our team of experts will explain the Cyprus Investment Programme and its basic provisions to guide you through a successful application
Our extensive network of partners means we deal with all official documentation, document completion and collection and final submission to the authorities in an organised and timely manner
We help you identify and select the most appropriate real estate options from our rich portfolio in residential and commercial properties on the island.
Our after-sales and property management services offer a true 'one-stop shop' approach to maximise your investment in the long-run
How to apply?
Investment in real estate, land under development and infrastructure projects
The Applicant has made an investment of at least €2,000,000 (excluding VAT and any transfer duties on land purchases)
The investment must involve the purchase or construction of buildings or for the construction of other land development projects (residential or commercial developments or developments in the tourism sector) or other infrastructure projects, including properties purchased after their initial sale (i.e. re-sales)
A mandatory donation of €75,000 to the Cyprus Land Development Corporation and a mandatory donation of €75,000 to the Research and Innovation Foundation, unless the applicant invests a minimum of €75,000 in a certified innovative enterprise (i.e. an enterprise that had acquired the relevant certificate by the Ministry of Finance).
Purchase or establishment or participation in Cypriot companies or businesses
The Applicant has made a purchase or has participated in companies or organisations established and operating in Cyprus with investment costs of at least €2m.
The invested funds must be channelled towards the financing of the investment objectives of these companies exclusively in Cyprus, based on a specific investment plan.Such companies or organisations must have proven physical presence in Cyprus, with significant activity and turnover and employ at least five (5) Cypriot or citizens of European Union member-states.
The minimum number of employees will be increased if more than one applicant invests simultaneously (or almost Simultaneously) in the same business or company.
Investment in Alternative Investment Funds (“AIFs”) or financial assets of Cypriot companies or Cypriot organisations that are licensed by the Cyprus Securities and Exchange Commission (“CySec”)
The Applicant has bought units with a value of at least €2m, from AIFs established in Cyprus and which are licensed and supervised by CySec.
These investments must be made in Cyprus exclusively.
These investments must meet the criteria of the Scheme or in areas approved by the Minister of Finance.
Combination of the above investments
The Applicant may proceed with a combination of the above investments, provided that the total investment will amount up to at least €2m.
Within this option (combination of investments) the Applicant may purchase special government bonds of the Republic of Cyprus, up to €500.000, which will be issued by the Public Debt Management Office of the Ministry of Finance, on condition that the investor will retain these bonds for a three year period.
The characteristics and the terms of these special bonds will be determined by the General and Special Issue Terms of the Government Bonds of the Republic.
Investments in government bonds through the secondary market are not considered eligible.
Head office in Limassol
Ambelakion 28 Street,
P. Germasogeia 4046Limassol, Cyprus