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Cyprus

ABOUT

ABOUT CYPRUS

Officially known as the Republic of Cyprus, it is an island country in the Eastern Mediterranean Sea. Cyprus is the third largest and third most populous island in the Mediterranean.

Being centrally located between Europe, Middle East and Africa, Cyprus is an excellent business destination. As well as hosting excellent educational facilities with numerous accredited universities, being part of the EU citizens or Cyprus are eligible to life work and study anywhere in Europe.

Cyprus is known as the Jewel of the Mediterranean and the birthplace of Aphrodite, the ancient “Goddess of Love”. It boasts year-round Mediterranean sunshine all, historic architecture, and a relaxed way of life.

The official language is Greek, however, English & Turkish are commonly spoken. On the 1st May, 2004, Cyprus became a full member of the European Union. Cyprus' new EU path brings with it the added benefits of heightened security, increasing employment opportunities and the lowest property prices for comparable EU locations. Investing in Cyprus has long proved to be a sound decision as prices have been steadily increasing.

Cyprus About us

QUICK FACTS

CAPITALNicosia
SIZE9,251 sq km
POPULATION1.17 M(2018)
CURRENCYEuro
LANGUAGEGreek

To find out more about what Cyprus has to offer take a look at this short video.

CITIZENSHIP BY INVESTMENT

The Cyprus Citizenship by Investment Program was originally offered in accordance with the Civil Registry Laws 2002-2013. On 15 May 2019, the Council of Ministers revised the existing program and implemented new rules that enable foreign nationals to gain citizenship providing they met the outlines criteria.

The changes requires an addition government contributions of EUR 75,000 each and an approval time frame of six to eight months.

REAL ESTATE OPTION

Main applicant ust be over 18 years

Spouse and children below 18 years old can be included

NATIONAL DEVELOPMENT FUND OPTION

USD 250,000 to purchase one or more properties in Turkey

BUSINESS INVESTMENT OPTION

properties retained for 3 years at which point can be resold.

Investment Option

  • Fulfill both the below contributions:
  • Donation of EUR 75,000 to the Research and Innovation Fund or another certified innovation enterprise
  • Donation of EUR 75,000 to the Cyprus Land Development Corporation
  • 2. Select one of the following options:
  • Investment in real estate, developments, and infrastructure projects
    The applicant should make an investment of at least EUR 2 million for the purchase or construction of real estate.
  • Purchase and establishment of or participation in Cypriot businesses and companies
    The applicant must make an investment of at least EUR 2 million in the purchase of, creation of, or participation in businesses or companies that are based and operating in the republic. These businesses or companies should have a demonstrable and tangible presence in Cyprus and employ at least five Cypriot citizens.
  • Investment in alternative investment funds or financial assets of Cypriot enterprises or Cypriot organizations licensed by the Securities and Exchange Commission
    The applicant should purchase units amounting to at least EUR 2 million from alternative investment funds. This criterion also covers the purchase of financial assets of Cypriot businesses or organizations for at least EUR 2 million, in the form of bonds, securities, and debt securities.
  • Combination of the above investments
    The applicant may invest in a combination of the above, provided that the total investment amounts to at least EUR 2 million.

The applicant may invest in a combination of the above, provided that the total investment amounts to at least EUR 2 million.

3. The purchase and lifetime possession of a property worth a minimum of EUR 500,000 plus VAT, in Cyprus, that will be   declared as the applicant’s residence.

In the case that the applicant proceeds with the real estate option, this property can be included in the EUR 2 million investment.

Results Number

INVESTMENT OPTIONS

Investment Amount €2,150,000
Time To Citizenship 6 Months
Visa Free Travel 170

BENEFITS

  • Fast-track procedure allowing for direct path to citizenship within three months;
  • European citizenship
  • Spouse, dependent children below the age of 28 and dependant parents may be included in the application
  • No language requirements for residence or citizenship;
  • No physical residence requirements to obtain or maintain a citizen
  • Multi & dual citizenship is allowed, no need to give up your current
  • Low tax rates and free trade within the EU, no foreign income tax, no inheritance tax, no withholding tax on interest earned and lowest taxation rates in Europe for residents
  • Unrestricted right to live, work and study within the European Union
  • Excellent location for business and leisure
  • Excellent education facilities
  • Right to access the first class healthcare system
Minimum Investment €2,150,000
Time to Citizenship 6 Months
Visa Free Travel 170

PROCESS

STEP 1

After completing internal due diligence 50% of the advisory retainer fees are required to begin

STEP 2

KCS will assist in sourcing the best investment opportunities based on the clients personal preferences. We have a portfolio of partners which will enable us to provide a mix of investment opportunities.

STEP 3

Once we are confident the files are in order we will submit the application to the Government with the Sales and Purchase agreement.Full payment for the property (min €500,000) this will be paid in to an escrow account.

STEP 4

Payment of chosen investment
e.g for the fixed deposit the client will open a bank account in Cyprus, a fixed deposit of €5 million Euros, will be deposited. Proof of this fixed deposit which is to be held for a minimum 3 years will be provided for the use of completion of citizenship.Payment of government fees

STEP 5

Citizenship is approvedThe main applicant and spouse  should go to Cyprus in person to take an oath of allegiance and receive their passports

STEP 6

Upon the receipt of passport, the real estate funds in escrow will be released to the developer.Any children may then apply for citizenship at this point.

Oppurtunity
Application
Success

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