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.
An initial investment in residential properties worth €2,000,000 plus VAT, one of which must cost a minimum of €500,000 + VAT
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 Nexus Elite, 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.