CYPRUS CITIZENSHIP BY INVESTMENT

The Cyprus Investment Program has been revised as from 15.05.2019

We have wide experience since the commencement of the program in 2013 with obtaining Cypriot citizenship for our foreign clients. In fact, we are registered as approved service providers at the Registry of Service Providers authorized to provide services associated with the Cyprus Investment Program.

The acquisition of residential property is considered to be a preferred choice of investors amongst other alternatives for obtaining Cyprus citizenship.

Such investment should consist of minimum of EUR 1,5 million + VAT if new property, which should be maintained for period of at least 5 years + EUR 500,000 + VAT if new, for permanent privately-owned residence in Cyprus. (which should be kept for life).

Furthermore an amount of EUR 150,000 needs to be paid in form of compulsory donation to the “Foundation for Research & Innovation” & to the “Cyprus Land Development Corporation”.

Therefore the minimum amount which needs to be paid for the Cyprus Citizenship Program is EUR 2,150,000.

Applicants who satisfy the criteria for applying for Cyprus citizenship must:

  •  Have Clean Criminal Record
  •  Need obtain Schengen Visa in order to be able apply for naturalization
  •  Residence Permit in Cyprus

The timeframe for the examination of the application is 6 months from date of filing of application to Ministry of the Interior for naturalization certificate.

For investment we recommend to view www.propertiesofcyprus.com

For more information please contact us at a.thomaides@thomaideslaw.com