Investment Program

Settle, invest, operate and be with the family.

Cyprus Investment Program.

A non-Cypriot individual, who meets the economic criteria of the Cyprus Investment Programme, is eligible to invest in Cyprus and apply under the provisions of the Cyprus Investment Program to obtain the Cypriot citizenship.

The Cyprus Investment Program offers to investors and entrepreneurs from all over the world, the opportunity to relocate together with their families, by investing in a variety of assets and growth sectors of the Cyprus economy.

Cyprus Investment Programme is one of the most competitive in the world allowing individuals to invest and relocate in Cyprus combining business incentives and quality of life for them and their children.

Factors attracting people in the country.

  • The island is the sunniest country in Europe with over 330 days of sunshine yearly.

  • Cyprus passport allows freedom of movement and travel to more than 157 countries.

  • The naturalization can be granted also to the investor’s family – siblings or parents if they wish.

  • Business center and a one of the bigger Maritime Hubs in the world. Ease of doing business.

  • One of the lowest corporate tax rates in Europe – 12,5%

  • No restrictions on movement of capital, goods and services.

  • A great place to settle a family. Low crime rates, easy-relaxed paced.

  • High level of education, national healthcare scheme.

About Cyprus.

Cyprus, with an area of 9,251 km² and coordinates at 35°N and 33°E, lies at the crossroads of Europe, Africa and Asia at the crux of the busy shipping and air routes linking the three continents.

The population of Cyprus is about 847,000 (2016). The capital of Cyprus is Nicosia (Lefkosia), situated at the heart of the island with a population of approximately 336,000. The second largest city is Limassol (Lemesos) on the south coast with a population of approximately 241,000 and the island’s major port. Larnaca and Paphos are the third and fourth largest cities, each with a new airport, situated on the south east and south west coasts respectively.

The population of Cyprus is about 847,000 (2016). The capital of Cyprus is Nicosia (Lefkosia), situated at the heart of the island with a population of approximately 336,000. The second largest city is Limassol (Lemesos) on the south coast with a population of approximately 241,000 and the island’s major port. Larnaca and Paphos are the third and fourth largest cities, each with a new airport, situated on the south east and south west coasts respectively.

The geographic position of the island determined its destiny through the ages. While Cyprus functioned as the crossroads between the East and the West and as a true international trade centre, it was also conquered by successive powers dominating the Mediterranean through the centuries. As a result, this small, modern European state has developed its own unique character, harmoniously blending various cultural influences through its multifaceted interaction with neighbouring countries, but maintaining its Greek character.
The rich cultural landscape is reflected in the hundreds of archaeological sites and monuments located throughout the island, representing the numerous different historical periods in the island’s evolution. A large number of museums in the towns and villages of Cyprus showcase abroad array of archaeological collections and cultural treasures from different time periods.

Moreover, the island boasts great natural beauty with rare flora and fauna, a stunning coastline with golden sandy beaches, clear blue waters and year-round sunny weather, making it a popular tourist destination. Local and international festivals, concerts by renowned performers, museum nights and other cultural events take place in ancient and modern open-air amphitheatres, museums, archaeological sites and other venues throughout the year, including international independent film festivals, annual classical music festivals and opera festivals.

Cypriots are known worldwide for their genuine and sincere hospitality and friendliness. Like Cypriot culture, Cypriot cuisine is an amalgamation of different influences from Greece, the Mediterranean region and the island’s previous conquerors.

The Republic of Cyprus became a full member of the European Union on May 1, 2004. Accession to the EU was a natural choice for Cyprus, driven by its culture, civilization and history, as well as its unwavering commitment to the values of democracy, freedom and justice. With the dawn of 2008, Cyprus joined the European Monetary Union leveraging a robust economic performance marked by banner key indicators, thus adopting the Euro as its national currency.

Cyprus launched an era of opportunities and responsibilities for the island, as well as an era of commitment to growth. Cyprus encourages Foreign Direct Investment in priority economic growth sectors, as highlighted in the country’s Strategic Development Plan 2014-2020, with the introduction of a number of measures, reform initiatives and investment opportunities.

Cyprus has a lot to benefit from EU membership and despite its small size, a lot to offer as well. Being Europe’s Eastern outpost at the intersection of important transport and communications routes and at the crossroad of three continents, Cyprus provides a secure gateway for European enterprises into the Middle East, North Africa and Asia, while offering non-European businesses and entrepreneurs possibilities for investment into Europe. With its advanced technical infrastructure and skilled human talent, Cyprus has become a regional quality business and financial centre, as well as a major communications and transport centre, and is also fast developing into an energy hub in the Eastern Mediterranean.

Eligibility & Benefits of the Investment Program.

The Cyprus Investment Programme is designed for non-Cypriot natural persons who meet one of the set economic criteria and usually apply as below.

ELIGIBILITY FOR INVESTORS.

Individuals, either personally or through a company in which they are participating as shareholders, in proportion to their holding percentage.
Through investments made by their spouse or jointly with the spouse.
As high-ranking senior manager of a company that meets one of the financial criteria below (provided that they receive a remuneration that generates paid tax revenues of at least €100.000 over three years)

BENEFITS FOR INVESTORS.

Investment.

The main investment may be sold five years after. A Property with a value of at least €500.000 + VAT must always be maintained.

Children.

Citizenship is granted to the investor and the rest of the family and financially dependent children over 18 and under the age of 28 years.

Investor's parents.

Parents of the main applicant can obtain the Cyprus citizenship with an acquisition of an additional residential property of a minimum of €500.000 + VAT.

Capital movement.

No restrictions on capital movement. Transfer any amount of money from any EU member state to another.

The Program. Criteria & Requirements.

Donations to the Research and Innovation foundation and Cyprus land Development Corporation.


A. The applicant must donate EUR 75.000 to the Research and Innovation Foundation. If he wishes to donate above the amount of EUR 75.000, the excess donation can be utilized for supplementing the total amount of the investment on the basis of criteria A2.-A.5.
The donation to the Research and Innovation Foundation can be lifted if:

  1. The applicant invested at least EUR 75.000 in a certified innovative enterprise (i.e enterprise certified by the Ministry of Finance) or
  2. The applicant has made an investment under the criterion A3.of a total amount equal to 20% of the required investment (i.e EUR 400.000) of the above mentioned criterion in a company whose operations fall within the primary sector of the economy, or the secondary sector of the economy (excluding constructions) or in the sectors of research and development, education, health and renewable energy resources.

B. The applicant must donate at least EUR 75.000 to the Cyprus Land Development Corporation for the financing of housing schemes for affordable housing but also for the materialization of other housing schemes/measures. If the applicant wishes to donate a higher amount than the amount of EUR 75.000, the additional amount can be utilised for supplementing the total amount of the investment on the basis of the investment criteria of Part 2.

C. In any selected option for investment from the PART 2, the applicant must possess a permanent privately-owned residence in Cyprus the purchase of which must be at least €500.000 plus VAT.
In the case that the purchase value of the residence exceeds the amount of €500.000, the additional amount can be used for purposes of supplementing the total amount of the investment made based on the selected option.

A. Real estate, land development and infrastructure projects. Investment in land that is situated in building zone of zero development is excluded.

B. Purchase or establishment or participation in Cypriot businesses and companies. The funds must be channeled and utilized in Cyprus based on a specific investment plan. The companies must have tangible presence with significant activity and turnover in Cyprus and employ at least 5 citizens of Cyprus or EU.

C. Financial assets of Cypriot businesses or Cypriot Organizations such as units of Alternative Investment Funds (AIFs) or Registered Alternative Investment Funds (RAIFs) licensed and supervised under the Cyprus Securities and Exchange Commission (CySec). The investee companies must have a physical presence in Cyprus and the funds must be utilized in projects within Cyprus.

D. Combination of the above criteria, A1, A2, A3, A4 provided that the total investment will amount at least Euro 2 Million.

  • Clean Criminal Record. Persons should not be in sanctions lists and should have not been rejected by another EU Member state for a similar program.
  • Schengen Visa. The applicant must hold a valid Schengen visa in case they are third country nationals from a country that a Schengen Visa is required to travel to the European Union.
  • Residence in the Republic of Cyprus – Euro 500,000 + VAT. The residence can be exchanged with equal or higher value of residential property but should be maintained by the applicant for life.
  • The applicant prior to his/her naturalization as a Cypriot citizen must hold a residence permit in Cyprus for a period of at least (6) months or apply simultaneously with the application for naturalization.
  • Investment must be retained for 5 years and it can be replaced with an investment during the 5 years period with a prior approval of the Ministry of Finance.
  • The terms 1 and 2 apply for all family members of the investor that are eligible to receive the Cyprus citizenship.

Where to invest?

Our experienced and licensed advisory team will be pleased to assist you to identify and plan your potential investments in Cyprus. We help investors meet the criteria and comply with all the regulations before applying for the Cyprus investment program maximising the rate of success.
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