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- GLOBAL
- Cyprus
Cyprus
Cyprus Investment Immigration Program
The Cyprus Investment Immigration Program offers foreign investors permanent residency by making a qualifying investment, enabling residence in Cyprus and free movement within the European Union (EU). This program fosters substantial economic contributions to Cyprus and provides investors with the opportunity to apply for citizenship after a certain period.
Main Investment Options (Minimum €300,000)
1. Residential Real Estate Investment
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Purchase new residential property worth at least €300,000 (excluding VAT).
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It is possible to purchase from two different developers, with each purchase amounting to at least €150,000.
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Purchased properties must be held for a minimum of 5 years and can be sold after 5 years from the investment date.
2. Commercial Real Estate Investment
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Purchase new or resale commercial property worth at least €300,000 (excluding VAT).
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Investment can be made in offices, shops, hotels, and various other commercial properties.
3. Investment in Cyprus Companies
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Invest at least €300,000 in shares of companies registered in Cyprus.
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The invested company must be actively operating in Cyprus and employ at least 5 full-time employees.
4. Investment in Cyprus Investment Funds
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Invest at least €300,000 in Cyprus investment funds (such as AIF, AIFLNP, RAIF).
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The investment fund must be approved by the Cyprus Securities and Exchange Commission (CySEC).
Application Process Summary
- 1. Choose and prepare investment type: Select one of the investment options above and prepare the required funds.
- 2. Open a local bank account in Cyprus: Set up an account for investment and fund transfers.
- 3. Execute the investment and submit documents: Invest according to the chosen option and submit the necessary paperwork.
- 4. Permanent residency approval and residence permit issuance: After document review, permanent residency is granted along with the residence permit.
- 5. Citizenship application (after 7 years): Citizenship can be applied for after residing in Cyprus for at least 7 years.
Important Notes
- The Cyprus Permanent Residency Program aims for citizenship acquisition after 5 years; early withdrawal of investment may affect residency requirements.
- Investment funds must be transferred through local Cypriot banks, with legal proof of the source of funds.
- To maintain permanent residency, applicants must visit Cyprus at least once every two years.
- Applicants must demonstrate good health and have a clean criminal record; knowledge of the Greek language may be required when applying for citizenship.
Eligibility Requirements
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1. Age and Health
Applicants must be at least 18 years old and in good health.
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2. Legal Record
Applicants must have no criminal record in Cyprus; any criminal history may result in denial of permanent residence.
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3. Investment Amount
Applicants must meet the minimum required investment amount and provide legitimate proof of the source of funds.
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4. Residence Requirement
After obtaining permanent residence, applicants must visit Cyprus at least once every two years. Citizenship application is possible after residing in Cyprus for more than 7 years.
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5. Family Inclusion
Spouses and children may be included in the application. Children must be under 18 years old or under 26 if financially dependent on the parents.
Advantages of the Cyprus Investment Program
- EU Residency Rights: Freedom to live and travel within Cyprus and other EU member states.
- Tax Benefits: Favorable tax policies, including low income and inheritance taxes.
- Path to Permanent Residency and Citizenship: Eligibility to apply for citizenship after 7 years of residence.
- Family Inclusion: Allows spouses, children, and other immediate family members to be included.
- High Quality of Life: Safe environment with excellent healthcare and education systems.
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