Third largest Mediterranean island, Cyprus is surrounded by Europe, Africa and the Middle East. For centuries, its strategic geographical location, its great beauty and its paradisiac Mediterranean climate have attracted people from everywhere, enriching its great cultural heritage.
As a member of the European Union, of the United Nations and of the Commonwealth, Cyprus has all the assets that make it the center of attraction for many foreign investments, tourists and affluent families seeking a second citizenship.
Cyprus Investment Program allows you to obtain a Cypriot passport with your family, by making a real estate investment in the country.
PROGRAM BENEFITS:
Passport – Direct access to a citizenship from a country that is part of the European Union, ideal for business with Europe, Africa and the Middle East.
Fast - A decision is issued by the authorities in about 6 months.
Convenient – By becoming a Cypriot citizen, you have the right to live, work and study in all the Member States of the European Union.
Taxes – Transparent tax system and one of the most attractive in Europe.
Security – According to the World Health Organization, Cyprus is one of the safest countries in the world.
Education – A high standard’s education system and most of educational institutions offer their programs in English.
Family – Include your dependent children under 29 to your application. You can also include your parents and parents in law in your application if they also acquire a residence with a value of at least € 500 000.
The Cyprus Investment Program offers a real estate investment option.
Real Estate Investment:
Investors have the option to buy a single residential property with a value of at least €2,000,000 or several residential properties with a total value of at least €2,000,000. Their investment must be maintained for three years. Thereafter, the investor must retain a property for life, with a value of at least €500,000.
OTHER FEES:
Additional fees directly linked to the acquisition of real estate include VAT (between 5 - 19%), stamp duties and land registry fees, as well as possible bank guarantee fees.
Government fees also apply. Please refer to the table below which will be explained to you in person:
|
Government fees – Application submission – Main applicant, spouse and adult children |
€ 2 000 per person |
| Government fees – Application submission – Children under 18 | € 80 per person |
| Government fees – Citizenship certificate issuance – Main applicant, spouse and adult children | € 5 000 per person |
| Government fees – Passport | € 120 per person |
| Government fees – Identity card | € 80 per person |
| Government fees – Immigration permit – Main applicant, spouse and adult children | € 500 per person |
| Government fees – Immigration permit – Residence card | € 70 per person |
|
Donation to the Cyprus Research Promotion Foundation and to the Cyprus Land Development Corporation |
€ 200,000 One time only |
IMPORTANT
On October 13, 2020, the Cypriot Government has announced that the current Cyprus Investment Program will end as of November 1st, 2020.
It does not however affect the processing of any applications that were already submitted. These applications will continue to be processed normally by the Cypriot authorities.
Karma Developers
Luxurious high quality real estate along the Cyprus Eastern Coastline