The Cyprus Citizenship by Investment program was sent off in 2002, permitting foreign investors to procure citizenship under specific circumstances. The Cyprus passport by investment is permanent and to acquire it candidates are not expected to dwell in the nation or repudiate their ongoing identity.
You may be considering investing in Cyprus, and if so, the Cyprus Citizenship by Investment Program is something you’ll want to check out. This program offers several benefits, including visa-free travel to over 160 countries, the ability to work and study in any European Union country, and an exemption from income tax for 10 years. But how does the program work, and what are the requirements? In this article, we’ll take a closer look at the Cyprus Citizenship by Investment Program and provide a guide on how to invest in Cyprus.
The Cyprus Citizenship by Investment Program: All You Need to Know
- The processing time usually takes around 6 months.
- An investment of around EUR 2,000,000 is required.
- It’s a real estate investment that is a nonrefundable contribution to the government.
- It includes Visa-free travel.
- For children older than 18, a passport is valid for 10 years while for under 18, it’s valid for five years.
How to Apply for the Cyprus Citizenship by Investment Program
If you’re interested in applying for the Cyprus Citizenship by Investment Program, there are a few things you need to know.
First, you’ll need to have a clean criminal record. You’ll also need to make an investment of at least 2.5 million Euros, which can be in the form of a real estate investment, a financial contribution to the Cyprus government, or a combination of the two.
You’ll also need to maintain your investment for a minimum of five years. And finally, you’ll need to spend at least 60 days in Cyprus every five years to keep your citizenship status active.
If you meet all of these requirements and are interested in becoming a Cyprus citizen, the next step is to apply to the Cyprus Civil Registry and Migration Department.
What Are the Requirements of the Cyprus Citizenship by Investment Program?
To qualify for the Cyprus citizenship by investment program, you will need to make a qualifying investment of at least €2 million. This can be in the form of a real estate investment, a financial contribution to the Cyprus economy, or a combination of both.
In addition to the investment, you will also need to meet the following requirements:
- Be at least 18 years of age
- Have a clean criminal record
- Have a valid passport
- Be able to prove that you have no history of mental illness or contagious diseases
- Be proficient in either Greek or English
How Much Does the Cyprus Citizenship by Investment Program Cost?
So, how much does the Cyprus citizenship by investment program cost? Well, it depends on a few different factors, but the starting price point is €2 million.
Now, that might seem like a lot of money, but it’s a pretty good deal when you compare it to other programs. For example, the program in Malta starts at €1.2 million, and the one in Portugal starts at €1 million.
Plus, when you compare it to the cost of buying a property in Cyprus (which starts at around €300,000), you’re getting a pretty good deal.
Investing in Cyprus is a great way to get EU citizenship, and it’s something that more and more people are starting to do
Benefits of Cyprus Residency By Investment Program
- Universal Flexibility
Among all the citizenship by Investment programs available, Cyprus provides a large number of Visa-free countries. It allows one to study, live and work within 28 European Union countries.
- Simplified Procedure
The procedure of the Cyprus Residency By Investment Program is very easy and simple You have to pay the investment at the time of application submission but it will be refunded in case your citizenship is rejected. Also, you don’t have to bother repudiating your ongoing citizenship. It is one of the fastest ways to obtain European citizenship with no physical residency, language test, and qualification requirements.
- Wealth Protection
A significant benefit of having the Cyprus Residency By Investment Program is that with the help of this passport, you can open bank accounts worldwide easily, and also there are no taxes on wealth, gifts, or Inheritance.
FAQs About the Cyprus Citizenship by Investment Program
You might have a few questions about the Cyprus Citizenship by Investment Program. Here are some answers to the most frequently asked questions:
- Is there a minimum investment amount?
Yes, the minimum investment amount is €2 million.
- What are the investment options?
The investment options include real estate, government bonds, and deposits in Cypriot banks.
- Is there a minimum stay requirement?
No, there is no minimum stay requirement. However, you must visit Cyprus at least once every seven years.
- What are the benefits of citizenship?
Some of the benefits of citizenship include the ability to live, work, and study in any country in the European Union, visa-free travel to more than 150 countries, and access to quality healthcare and education
Consultants for Cyprus Citizenship By Investment Program
Bridgeway Trust is the main master in worldwide citizenship program and customized residency arrangement supplier. years of legitimate administrations in the migration space, they have been helping a considerable number of families in various classes of movement. Bridgeway Trust gives a scope of administrations that are fundamental to securing and developing your wealth. Nonetheless, as they frequently go about as close counsels to their clients, they deliberately avoid offering investment guidance or resources to the board.
The Cyprus Citizenship by Investment Program is a great way to invest in Cyprus and become a Cypriot citizen. The program requires a minimum investment of €2 million, which can be property, business, or financial assets. You will also need to meet certain other requirements, such as being of good character and having no criminal record.
If you’re interested in becoming a Cypriot citizen through the Cyprus Citizenship by Investment Program, contact an experienced lawyer who can help you navigate the process and ensure that everything is done correctly.