Cyprus offers the quickest, most assured route to citizenship of a European country through the Cypriot citizenship by investment programme. An investment of €2.0 million in real estate is required. Cyprus is unique in its offering of citizenship within just 3 months of such an investment. This grants a Cypriot passport and citizenship of an EU country, allowing the freedom to work, travel, study and live anywhere within the EU including countries such as Germany, France and the UK.
No other European VISA program guarantees such assured results, offering an EU second passport in just two to three months.
The following investment options are available for investors wanting to obtain Cyprus/EU citizenship.
The investment can be made personally or through a company in which the applicant is a shareholder.
The applicant needs to have committed to the investment prior to applying for the visa and funds must be in place in Cyprus before application. Such funds can be released in accordance with any payment plan agreed for the property, particularly in the case of off-plan developments. An application can be made within a few days of committing to the investment.
In addition to the real estate investment, applicants will need a clear criminal record. There is no language requirement, medical test or interview. Very simple documents are required for the citizenship application. It is easy to apply and there is no requirement to stay in the country.
One of the key considerations when deciding between residential or commercial property in Cyprus is the rate of tax (VAT) that applies. Commercial property will attract VAT at a rate of 19% whereas residential property will attract just 5% on the first 200sqm of the first and main permanent residence property.
Before the investor commits to their investment in Cyprus, we are going to let them know if they cover the requirement and we are going to procced with the investment procedure only if there is 100% chance that the investor will get their Cyprus/EU Citizineship.
Most investors choose to invest the €2,000,000 only in real estare. One or more than one properties. Residential properties or combination Land and Residential property.