Cyprus Nationality and EU Passport by Investment
Cyprus since September 2016 offers a new regime for acquiring the Cyprus Citizenship and EU - Cyprus Passport by Investment. The regime is the more competitive Citizenship - Passport scheme in Europe and it is expected to attract an increase of citizenship applications. The regime provides for the award of a European - Cypriot passport by investment of €2.000.000, includes the participation in Alternative Investment Funds as a class of approved investments and shortens the time for approval to 3 months.
Investment: 2 million | Residence: 0.5 million | Timeframe: 6 months
Investment: 2 million | Residence: 0.5 million | Timeframe: 6 months
Investment Requirement
The headline investment requirement for a Cyprus Passport is Euro 2.000.000 in approved investments and Euro 500.000 in a residence.
Approved Investments
Property InvestmentProperty investment includes the investment in land that could be developed, given that there is an investment plan for development. This criterion excludes the purchase of land which is integrated into zero growth zones.
Residential, Commercial and Tourism DevelopmentPurchase or construction of immovable property whether residential or commercial, and whether related to tourism sector.
Participation or Establishment in a new or existing Cyprus BusinessThe applicant must have acquired, incorporated or participated in businesses or companies residing and operating in the Republic of Cyprus.
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Construction ActivitiesInvestment for the purchase or construction of buildings or for the construction of other land development projects is also included in the criteria.
Infrastructure DevelopmentInvestment in infrastructure projects for Cyprus.
Investment in regulated Alternative Investment FundsInvestment in Alternative Investment Funds (AIF) which are registered in the Republic of Cyprus, licensed and regulated by the Cyprus Security and Exchange Commission and which invest exclusively in Cyprus.
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EU - Cyprus Passport Services
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Advice on the required financial criteria and conditions to be met depending on the particular personal circumstances.
Examine the chosen investment option of the applicant in order to establish the most effective and efficient way to meet the required financial criteria.
Drafting and assisting with the preparation and submission of all required documents.
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Drafting of employment, rental, purchase and other related contracts.
Liaising with the relevant authorities during the examination process.
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People
Michael O. Ioannides
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Andreas N. Leonidou
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Maria Panayiotou
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