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Cyprus is a beautiful island country located in the Mediterranean. With its pleasant climate and excellent living conditions, Cyprus is often recognized as one of the most livable countries in the world. As Cyprus is a European Union member state, its passport holders are entitled to the same benefits and rights enjoyed by citizens from other EU states. For instance, they enjoy visa-free entry to more than 100 countries, including the Eurozone, New Zealand, Canada and many other countries around the globe. Successful applicants also gain the right to live, work, and study in all 28 EU member countries..
If you are interested in investment immigration programs, you may want to consider Cyprus and its Citizenship by Investment Immigration Program. The program is very popular as it is a fast passport program and the applicants can obtain Cyprus citizenship within 6-8 months. Additionally, the applicant’s immediate family can also obtain citizenship once the application is successful.
The Cyprus Citizenship by Investment Immigration Program does not have any specific language, education or business experience requirements; it also allows applicants to hold dual nationality, providing a convenient and efficient option for those who want to immigrate to Cyprus, but still retain their native passport.
Applicants can apply for the Cyprus Citizenship by Investment Program if they meet one of the investment criteria presented below. The qualification may either be done personally or through a company in which the applicant serves as a shareholder or as a high-ranking senior manager.
1.Fulfill both the below contributions:
2. Select one of the following options:
A. Investment in real estate, developments, and infrastructure projects
B. Purchase and establishment of or participation in Cypriot businesses and companies
C. Investment in alternative investment funds or financial assets of Cypriot enterprises or Cypriot organizations licensed by the Securities and Exchange Commission
D. Combination of the above investments
Another important requirement that applies is the purchase and lifetime possession of a property in Cyprus that will be declared as the applicant’s residence in Cyprus. The purchase price of the particular property should be at least EUR 500,000 plus VAT. In the case that the applicant proceeds with the real estate option, this property can be included in the EUR 2 million investment.
If the Cyprus Citizenship by Investment application is successful and the applicant is granted citizenship in Cyprus, his/her immediate family, including spouse, parents and any children who are 27 years old or younger, can also apply for Cypriot citizenship and passport. Conveniently, the Cyprus Citizenship by Investment program does not require applicants to reside in the country, if they can fulfill the other application requirements.
If you are interested in Cyprus immigration and are considering to apply for the Citizenship by Investment Immigration Program, you can first visit Cyprus and learn more about the investment projects that are recognized and approved by the local government. Once you have selected an investment project, applicants are required to sign a purchase agreement and transfer the funds to Cyprus. Afterwards, you can start preparing to submit the required documents for the immigration program. Once your application is verified and approved by the authorities in the country, you can submit the application for your immediate family and assist them in obtaining citizenship in Cyprus.
Our team of professional immigration consultants at Simard & Associates have extensive experience in immigration consulting and immigration law; we have helped thousands of clients succeed in immigrating to their desired destination and starting a new chapter in life. If you are interested in the Cyprus Citizenship by Investment Immigration Program or have questions about any immigration programs in Canada, USA, Europe or the other countries, do not hesitate to get in touch with our immigration consultants.