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Cyprus Golden Visa

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.

APPLICATION REQUIREMENTS

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:

  • Make a donation to the Research and Innovation Foundation of at least €75.000.

And

  • Make a donation to the Cyprus Land Development Corporation of at least €75.000.

2. Select one of the following options:

A. Investment in real estate, developments, and infrastructure projects

  • The applicant should make an investment of at least EUR 2 million for the purchase or construction of real estate.

 

B. Purchase and establishment of or participation in Cypriot businesses and companies

  • The applicant must make an investment of at least EUR 2 million in the purchase of, creation of, or participation in businesses or companies that are based and operating in Cyprus.

 

C. Investment in alternative investment funds or financial assets of Cypriot enterprises or Cypriot organizations licensed by the Securities and Exchange Commission

  • The applicant should purchase units amounting to at least EUR 2 million from alternative investment funds. This criterion also covers the purchase of financial assets of Cypriot businesses or organizations for at least EUR 2 million, in the form of bonds, securities, and debt securities.

 

D. Combination of the above investments

  • The applicant may invest in a combination of the above, provided that the total investment amounts to at least EUR 2 million.

 

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.

CYPRUS GOLDEN VISA APPLICATION PROCESS

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.

SIMARD & ASSOCIATES’ IMMIGRATION CONSULTANTS CAN HELP

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.