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Cyprus Citizenship

Featured benefits of the Cyprus citizenship program :

Immediate citizenship and subsequent passports that currently provides the right to immediately travel or reside anywhere within the European Union.
You may liquidate your qualifying investment after only 3 years.
A quick 3 month route to European Citizenship that does not require you to uproot your family, or physically move
No residency requirements whatsoever imposed on citizens.
Cyprus is a member of European Union and thus becoming a citizen of this country, you are automatically becoming an EU citizen with all the related benefits; from freedom of travel to work and residence within the EU.
Citizens of the European Union enjoy rights and privileges that extend from travel, work, and residence to healthcare, justice, and various social benefits. The three core benefits of being an EU citizen are freedom of movement, freedom to work and study, and security of the social and legal systems.

Cyprus Citizenship
 
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How to obtain Cyprus Economic Citizenship by Investment

In 2011 the Cyprus Citizenship-by-Investment program was promoted as a viable avenue for investors to obtain a valuable passport - since then the program has seen several updates with The Council of Ministers in Cyprus approving a new plan on May 24, 2013 enabling foreign nationals to gain citizenship if they meet certain criteria set out by the Ministry of Interior, under one of the following options:

An amount of €2 million must be deposited by the applicant with the Treasury of the Republic, as an investment in the National Investment Company. An additional, €500 000 must be donated to the Research and Technology Fund.

The applicant can also make a direct investment into the Republic of Cyprus amounting to at least €5 million including the purchase of real estate, businesses, shares or other financial assets.

Cyprus Citizenship by Bank Deposits :

Through the bank deposit option, the applicant should have personal deposits in Cypriot banks or deposits of privately owned companies or of a trust (in which he/she is a shareholder, settler or beneficiary) in the Republic of Cyprus amounting to a minimum of €5 million. Such deposits must be held in a banking institution within the Republic of Cyprus for a period no less than three (3) years.

One of the more complex citizenship options is through business ownership. An applicant must establish a new company registered in the Republic of Cyprus in which they have full control. Following this, the company must have paid to the Government of Cyprus an amount of at least €500,000 per annum for the 3 years preceding the citizenship application submission date.

Alternatively, if the headquarters of the company is located in Cyprus and no less than 5 Cypriot citizens find employment there, the annual government fee is reduced to €350,000. If the business employs 10 Cypriot citizens or more, the amount decreases to €250,000. In all of the above cases a 3-year period preceding the application must be met.

The applicant can also choose a combination of requirements stated in options 2, 3, and 4.

A further option is available for applicants who have incurred an impairment in deposits on one or both of the abovementioned Banks amounting to a total of at least €3 million.

In all cases except the last option, the applicant must hold a privately-owned property in the Republic of Cyprus, the market value of which must be at least €500,000, not including taxes, and must have a clean criminal record.

The above information is about how to obtain Cyprus Economic Citizenships

IPD Property Group and worldwide citizenships and residency
We specialize in global economic citizenship investment services.

Each location offers a range of features and a unique ability to provide an excellent legitimate solution to those looking to secure a visa and or a second passport. Some locations will also offer benefits such as advantageous investment criteria, tax advantages, and the ability to travel more widely throughout sought after countries of the world.

IPD Property Group provide a step-by-step turn key service for clients interested in seeking economic citizenships by investment.
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