Cyprus Residency

 

Why Cyprus?

VISA-FREE TRAVEL

Cyprus Passport holders can travel to over 170 countries worldwide, including Australia and Canada. You also become a citizen of the European Union with the right to live and work anywhere within the 28 EU countries.

GOVERNMENT

• Cyprus is a presidential republic.

• The head of state and of the government is elected by a process of universal suffrage for a five-year term.

• The Republic of Cyprus is divided into six districts: Nicosia, Famagusta, Kyrenia, Larnaca, Limassol and Paphos.

 

CULTURE & SPORTS

• Greek Cypriots and Turkish Cypriots share a lot in common in their culture due to cultural exchanges but also have differences. Several traditional foods (such as souvla and halloumi) and beverages are similar, as well as expressions and ways of life.

• The art history of Cyprus can be said to stretch back up to 10,000 years.

• The traditional folk music of Cyprus has several common elements with Greek, Turkish, and Arabic Music.

 

About the Cyprus Residency Program

The Cyprus residency by investment program currently offers investors the quickest route to an EU passport (180 Days). The Cyprus permanent residency by investment program was first initiated in 2013 and is the only European country to fast track secondary citizenship, making it an extremely lucrative investment option.

Applicants are not required to live in Cyprus to obtain citizenship or permanent residency, meaning you can apply for and receive Cyprus passports without having to relocate the entire family or renounce your original nationality.

 

Benefits of Cyprus Residency Program

• Cyprus Citizenship that can be passed on to future generations

• No Residency Requirement before or after the grant of citizenship

• Full Residence Status including the right to live and work in Cyprus

• Visa-Free Travel to over 175 countries including Australia and Canada. You also become a citizen of the European Union with the right to live and work anywhere within the 28 EU countries.

• Right to Live and Work in many other EU countries

• Democratic Government offering stability

• Dual Citizenship is permitted so applicants are not required to renounce their existing citizenship

• No Taxation in respect of capital gains, inheritances, or offshore companies

• Excellent Airlift to and from all major countries worldwide

 

Application Process

Eligibility and Dependents

To be eligible to apply for citizenship of Cyprus, the Principal Applicant must: Be at least 18 years of ageSatisfy both qualifying investments under two investment requirements. The Principal Applicant, his or her spouse, and all other. Dependents included in the application who are over the age of 16 years must pass due diligence background checks.

Dependents of a Principal Applicant may be included in his or her application for citizenship and such dependents upon approval of the application will also be granted citizenship of Cyprus. Dependents include any one or all of the following:

• Spouse of the Principal Applicant

• Children of either the Principal Applicant or his or her spouse who are under the age of 21 years

• Other children of either the Principal Applicant or his or her spouse between the ages of 21 – 30 years who are financially dependent on the Principal Applicant

• The parents of the investor and/or the parents of the spouse or partner of the investor can submit an application under the CIP scheme provided they own a permanent private residence in the Republic worth of at least Five Hundred Thousand euros (€ 500,000) plus VAT

• A child or parent of either the Principal Applicant or his or her spouse who is of any age and is physically or mentally challenged as well as being fully supported by the Principal Applicant

• A legally adopted child

 

Required Documents

Applicants are required to submit completed Government application forms together with supporting documents which are based on the particulars of both the Principal Applicant and his or her dependents. Contact Us today for a personalized list of required documents for you and your family.

 

Application Process

The application process takes approximately 3 months from the date of submission of the application. CCS has developed a Streamlined and Interactive Process (SIP) that is very effective and is easy for clients to follow. It enables CCS to provide guidance, assistance and advice to its clients throughout the process.

 

 

Investment Options And Fees

The Cypriot Citizenship by Investment program currently offers the quickest route to citizenship within the EU from application submission in only 180 days. The citizenship program was initiated in 2013 and is the only European country to fast track secondary citizenship, making it an extremely lucrative choice.

Applicants are not required to live in Cyprus to obtain citizenship, meaning you can apply for and receive Cypriot passports without having to relocate the entire family or renounce your original nationality

Option 1: Donation to Research & Innovation Foundation and The Cyprus Land Development Corporation

A donation of EUR 200,000 (EUR 100,000 to the Research and Innovation Foundation and EUR 100,000 to the Cyprus Land Development Corporation).

Option 2: Investment In A Government Approved Project

A property in the Republic of Cyprus with a minimum investment of EUR 2 million or a combination of investments in Real Estate, Company Shares, or Financial Assets with a minimum investment of EUR 2.5 million.