Designed specifically to encourage foreign investment as part of the Republic of Cyprus’ economic policy, the Cyprus Investment Programme is extremely beneficial to high-net worth individuals looking to acquire residency and/or a Cypriot passport.
On the basis of the Programme, a non-Cypriot citizen with a clean criminal record may apply for the acquisition of Cypriot citizenship through naturalisation by exception, providing certain criteria are met. Affording a host of advantages, this unique programme offers successful investors the opportunity to enjoy all the benefits of the island’s unique work/life balance, including a high quality of life, the chance to conduct business as a European citizen, and an attractive tax regime.
Allowing for dual citizenship and acquisition of Cypriot citizenship for dependants, the Programme provides for two main options.
OPTION 1
An initial investment in residential properties worth €2,000,000 plus VAT, one of which must cost a minimum of €500,000 + VAT
OPTION 2
An initial investment of €2,000,000 plus VAT in either commercial properties or a combination of commercial and residential properties, plus a residential property that must cost a minimum of €500,000 + VAT
While the Programme is a very attractive investment for high-net worth individuals, it cannot be undertaken without specialised knowledge and the help of an authorised professional. That’s why we, at C.M.M. Elite Realtors Ltd, are your perfect partners: our network of government-authorised solicitors and fiduciary service providers are here to help you navigate every step of the process, ensuring your seamless progression throughout the Cyprus Investment Programme.