European Union Citizenship by Investment
The Cyprus citizenship program offers the most simple and efficient means of obtaining EU citizenship, it is the only direct EU citizenship program as it has absolutely no residency requirement and passports are issued in just 3 months. Investors and their families can obtain full EU rights, including the ability to live and work in any EU country practically immediately!
Dual citizenship offers an effective tool for international tax planning and provides financial privacy for banking and investment. It improves personal security, enables freedom of movement and allows access to the best healthcare and education opportunities.
> Stability and security
> Healthcare & education
> Taxation & Succession planning
> Investment opportunities
> Enhanced financial freedom
CYPRUS CITIZENSHIP BY INVESTMENT
In March 2014, Cyprus changed the legislation that enables foreign investors to become a Cypriot (EU) citizen and obtain a Cypriot passport through naturalization, making it more accessible and affordable than ever. An EU citizen is any person who holds the nationality of an EU country. EU passport holders are entitled to enter, reside, study and work in the European Union, Iceland, Liechtenstein, Switzerland and Norway.
Non-Cypriot Investors can acquire Cyprus Citizenship by naturalization by exception on the basis of the Civil registry Laws 2002-2013.
COLLECTIVE INVESTMENT SCHEME
A collective citizenship application requires the simultaneous deposition of at least 5 applications, the investors and investments are totally independent. We submit a collective group on a monthly basis and have achieved a 100% approval rate to date.
Cyprus citizenship may be obtained through a secure property investment, the financial criterion is as follows:
€2.5 Million investment in residential real estate (the investment can be in a single property or portfolio)
BENEFITS OF THE PROGRAM
BENEFITS OF CYPRUS EU CITIZENSHIP
1. The main investment may be sold after three years; however, the investor must always maintain/purchase a property with a value of at least €500,000
2. Property purchased up to 3 years prior to the submission of the citizenship application will count towards the required investment
BECOME A EU CITIZEN IN JUST 90 DAYS!
THE FREEDOM TO LIVE, WORK AND TRAVEL ANYWHERE IN THE EU
EU citizens also enjoy these rights in Switzerland, Iceland, Lichtenstein and Norway which participate in the European Economic Area (EEA).
Cypriot passport holders can quickly and cost effectively obtain visas for other countries, such as the USA
The Cyprus citizenship program offers the most simple and efficient means to obtaining European citizenship. All nationalities are eligible to apply and the requirements are minimal.
In addition to making a real estate investment, applicants must also meet the following criteria/supply the following documents:
Submission fee €2,000 per adult, minor child €80
Approval fee €5,000 per adult
Vat may be reduced to 5% on the first property purchase (first 200 m²)
Standard vat rate is 19%
Additional taxes and duties apply (approximately €3,000)
Select property/ies (through visit to Cyprus or via correspondence). Sign purchase agreement and transfer funds to a secure account.
Receipt issued, which is required for application.
Applicant must gather all necessary papers required for application
(see application criteria). The documents must be officially translated into Greek or English and certified with apostille (if in a country which has signed the Hague Convention of 1961) or stamped by the Ministry of Foreign Affairs and relevant Cyprus Embassy.
The appointed lawyer completes a pre-clearance check
STEP 4 - CITIZENSHIP APPLICATION SUBMITTED TO GOVERNMENT
Payment of submission fee €2,000 per adult applicant.
Application lodged, together with the property purchase agreement and all required documents, at the Ministry of Interior.
Once ratified by the Council of Ministers, a citizenship certificate is issued. This Certificate must be signed by the applicant either in front of a Registrar of a Cypriot Court or a Consular at any Cypriot Consulate abroad within 3 months of receiving approval. In Cyprus the process, including collection of biometric ID cards, takes under 1 day, through an embassy the process takes up to 2 weeks.
Submit the applications of children to be naturalized. Applications of minor children are processed within 3 weeks; they can visit Cyprus anytime to collect their papers. Adult children’s applications are processed within 2 months and are subject to a submission fee of €2,000 and approval fee of €5,000. Adult children must visit Cyprus within 3 months to collect their passport and identity card.
The program requires a real estate investment of €2.5M which can be made in a single luxury property or in a portfolio of properties. We have two highly differentiated luxurious flagship resorts in addition to an expansive portfolio of property types and styles across the island.
Combing the virtues of nature with sophisticated living, contemporary architecture and mesmerizing views, the acclaimed master planners Atkins and celebrated Architecture firm Woods Bagot, have created a resort where you can unwind, relax and indulge in the pleasures of contemporary living. Situated on a Natura 2000 protected site which spans five million square meters, Minthis Hills enjoys a breathtaking hillside location with incredible views. The resort offers exceptional facilities which include an 18-hole championship golf course, which encircles a twelfth century monastery, exquisite clubhouse and restaurant, nature trails, mountain bike paths, tennis academy, spa, vineyards and more. The Minthis Hills residences exude uninhibited elegance, inspiration was drawn from traditional Mediterranean architecture, characterized by open spaces, water features and private courtyards. Reflecting Cypriot character and style, they incorporate traditional stone and rich wooden detail. Several design styles are available; each is customizable to the purchasers’ lifestyle requirements.
ONE occupies an unrivalled prime seafront location in the city of Limassol, at the point where 28th October reaches its most advantageous – an address that embodies exclusivity. The sea and beach lie on its doorstep, while its city aspect fronts the lively business quarter, this unique locality gives ONE a high value address unmatched in the city. ONE is 36 stories of design intelligence, a pioneering landmark for Cyprus that has been designed and is being realized by a team of internationally renowned experts including Atkins, WKK and HBA. The development offers 84 ultra luxurious residences, each with uninterrupted sea views and exclusive access to exceptional facilities, amenities and service. ONE offers the ultimate Limassol address.
We are proud to annonce that ONE has won the prestigious five star award for ‘Best Residential High Rise Development Cyprus’ in the 2016 European Property Awards and has now passed through to the regional round!
CYPRUS, AN OVERVIEW
Cyprus is a modern country that enjoys a strategic geographical position. It lies at the crossroads of three continents, Europe, Africa and Asia, thus provides unrivalled access and travel opportunities. With its excellent flight connections and first-class airports, the island is perfectly placed for working and travelling within and beyond the European Union. Cyprus has a rich heritage and diverse culture, beautiful beaches with the cleanest bathing waters in Europe, fresh air, a wonderful Mediterranean climate and cosmopolitan cities with an abundance of amenities. The island offers a low cost but high standard of living and is a very popular year-round destination for Europeans seeking a coastal or golf holiday.
Cyprus has a modern, free-market, service based economy and is a favored business destination due to its strong set of business and taxation advantages. Additionally, the island is very safe and stable making it an ideal location for families and students. Cyprus is an emerging regional energy hub, since the discovery of huge hydrocarbon reserves in its Exclusive Economic zone the island has seen a surge in foreign investment and development. Cyprus enjoys world-class property rights and solid investment, trade, labor, business and financial freedom.
CYPRUS GLOBAL RANKING
The Economist- where to be born index 2013, rank 24
The World Bank - Doing Business 2014, rank 39
2015 Index of Economic Freedom, world rank 45, regional rank 20
Forbes Best Countries for Business Index, rank 33
Knight Frank Global Lifestyle review 2013, rank 5
UNDP Human Development Indicators, rank 31
World Trade Organization (WTO) (1995)
Organization for Security and Cooperation in Europe (OSCE) (1975)
The Commonwealth (1961)
The Council of Europe (CoE) (1961)
The United Nations (UN) (1960) and its Specialized Agencies
The World Bank
The International Monetary Fund (IMF)
Cyprus became a full EU member state in May 2004 and joined the EU Monetary Union in 2008. Through Cyprus, foreign investors can access 500 million EU citizens.
BUSINESS & TAXATION
Cyprus is firmly established as a reputable international commerce center, the ideal bridge between East and West. It offers a tax efficient gateway for channeling foreign investments anywhere in the world. The Cyprus tax system is in full compliance with EU and OECD requirements. It provides a unique combination of favorable participation exemption provisions on income emanating from international activities, applies a wide ever increasing network of double tax treaties and zero with-holding taxes on any type of payments made anywhere in the world. Corporation tax is just 12.5%. These benefits are just a few reasons why so many multinational firms chose Cyprus as their Mediterranean/European operations base.
An advanced, continuously expanding network infrastructure, including an extensive submarine fiber optic cable network and wireless access system networks, connects Cyprus with the rest of the world. Of the 28 EU member states, Cyprus ranks 4th for innovation and 6th for linkages and entrepreneurship. Major multinational ICT firms operate regional headquarters in Cyprus, using the country as a regional base/gateway into and out of the EU for corporate functions.
Cyprus has two deep sea ports with close geographic proximity to the Suez Canal. It is the largest third-party ship management center in the EU (Second largest worldwide) and has the third largest merchant fleet in the EU (10th in the world).
PROFESSIONAL SERVICES & REGULATORY FRAMEWORK
Cyprus has a modern legal and regulatory frame-work based on the British legal system and common law principles. The island is recognized as an international ‘center of excellence’ for professional services. Cyprus has more than 120 limited accounting firms and 40 partnerships, 160 limited liability law firms and 2,500 registered advocates.
Cyprus has an advanced infrastructure including two multi-purpose deep sea ports, two international airports, an advanced high-speed, internet and telecommunications system and a modern road network connecting all cities.
Cyprus is an emerging regional energy hub located at the crossroads of international energy routes.
US oil giant Nobel, French oil giant Total and South Korea’s ENI Kogas have signed exploration and production contracts for blocks in Cyprus’ Exclusive Economic zone. Oil services giants are following, Halliburton has just chosen Cyprus as its Eastern Mediterranean base. Cyprus’ energy policy is EU harmonized, ensuring competiveness, liberalization, security of supply and environmental protection.
Cyprus offers a high standard of living in a clean, safe and healthy environment. It offers first-class healthcare and education, has an ideal Mediterranean climate, fresh cuisine, beautiful scenery, clean beaches and hospitable people. English is widely spoken making integration very simple.
CYPRUS FACT FILE
LOCATION: Southeast Europe, island in the Mediterranean
0-14yr: 15.8%, 15-24yr: 15.8%, 25-54yr: 46.9%
55-64yr: 10.6%, 65yr+: 11%
Looking to learn more about immigration and investment opportunities in Cyprus?
Contact KSI Realty today at [email protected]!