User:Stefanosgiannos/sandbox

Cyprus Investment Programme
The Cyprus Government through the Ministry of Interior has approved the revised criteria for granting the Cypriot citizenship by investment, in an effort to further promote foreign direct investments in Cyprus. On the basis of the Cyprus Investment Programme, a non-Cypriot citizen, who meets the economic criteria of the Programme, may apply for the acquisition of the Cypriot citizenship. (Invest Cyprus)

A combination of high quality of life, year-round sunshine and natural beauty, ease of doing business and investment incentives offer investors an attractive experience in terms of both living and doing business. This is a unique opportunity to convert business activities to European citizenship with all the benefits.

Option 1
€2,000,000 plus VAT in Residential properties, one of which will cost €500,000 + VAT or more

Option 2
€2,000,000 plus VAT in Commercial properties or a combination of Commercial and Residential properties + Residential unit of €500,000 + VAT or more

REQUIREMENTS & CRITERIA


 * Clean criminal record
 * Investment in real estate in Cyprus of at least €2,000,000
 * Ownership of residential property at least for €500,000 + VAT
 * Contract of Sale proving the direct investments in the real estate and the receipt of payment
 * Valid Schengen visa. This applies for the family members of the investor that are eligible to apply for the acquisition of Cypriot citizenship
 * A donation of €150,000 is required to the Government Funds
 * The investment part of the property purchase for CIP should be kept for 5 years.

Please note that an applicant whose application for citizenship in any other member-state of the European Union had been rejected, is not eligible to apply for the acquisition of the Cypriot citizenship through the Cyprus Investment Programme.