Cyprus sells EU citizenship for €2 million euros

Cyprus passport is for sale! As much as this sounds interesting, yes Cyprus is selling their citizenship against a luxury real estate investment of €2,000,000. EU Citizenship can be bought in 3 months too!. This money is a staggering amount, but look at the benefits..

cypriot-passport

You become Cypriot citizen in 3 months, including all family members. Cyprus is a member state of EU since 2004. Becoming an EU citizen, means you can live, work and move freely in any member states of the European union like UK, Germany, Austria, France, Sweden, Netherlands etc. You will finally be free from applying for visa every time. Cypriot passport ranks 9th best passport in the world based on travel freedom on the number of countries you can visit without visa.

Photo credit: https://www.flickr.com/photos/cyprustourismch/

You will buy a super nice luxury real estate for €2,000,000 euros in warm sunny country Cyprus. Just hold the real estate for 3 years and then sell it off with lots of profits, thus keeping your Cypriot citizenship permanent.

Cypriot Citizenship Program

Fast track citizenship approved within 3 months.
Permanent lifetime EU citizenship with one-time investment.
Pleasant climate with mild winters and dry summers.
Zero physical residence requirements.
Redeemable real estate investment (no wasting money!)
No military service.
No cypriot language tests.
No restrictions on multiple citizenship (dual).
Best choice of investment in real estate (can be sold later)
No taxes based on citizenship, unless domiciled based on tax resident status.
Mix of investments allowed (real estate, bonds, business etc.)
Best education, healthcare and low cost of living.
Excellent education and health care system in EU
No visa required for travel to UK, EU member states, Canada, Singapore etc. over 160 countries
Live, work, study in 35 EU member states (Switzerland, Austria, France, Germany, UK, Sweden etc..)
Future children automatically acquire EU citizenship.
Political stability and a high standard of living.
Low crime rate country.
Easy application process with high approval rates.
Dependents, spouse and children under 28 can be included in one single citizenship application.
No requirement to relinquish current nationality (dual citizenship freely allowed)
The acquisition of citizenship in Cyprus is not reported to other countries.
No restrictions on applicants from any country.

Qualifying Investments for Citizenship

Under the cyprus naturalization scheme Subsection (2) of Section 111A , any one of the qualifying investments must be met by foreign entrepreneurs.

€2 million cyprus state bonds directly from primary market.
€2 million in bonds, securities, debentures issued by cyprus companies or organizations.
€2 million in real estate, construction of residential/commercial development projects, tourism or infrastructure projects.
€2 million direct investment in new or existing cypriot company.
€2 million bank deposit in a cyprus bank (personal, privately owned company, trust)
€2 million on any combination of above..
€12.5 million in a collective investment scheme, where each investors share is €2.5 million.

Eligibility

These are conditions for any country citizen, to apply for this program.

1. The Investor’s name must not be included on the list of persons whose property is ordered to be frozen by the EU.

2. No Criminal Record: the applicant must have a clean criminal record. Furthermore, his name must not be included on the list of persons whose property is ordered to be frozen within the boundaries of the European Union.

3. Must make a personal visit to Cyprus atleast once (for fingerprinting and signing of documents with Government)

4. Residence in the Republic of Cyprus: In all cases listed in Part A, the applicant must hold a permanent privately-owned residence in the Republic of Cyprus, the purchase price of which must be at least €500.000, plus V.A.T.

5. Family and unmarried children under 27 years in pursuing education can be included in one single application. It is noted that members of the same family, which apply separately as investors, can collectively acquire a residence, provided that the total value of this home-property covers the amount of € 500.000 per each applicant.

6. Must have excellent references and background information.

7. There are no restrictions on any nationalities or countries who can apply.

8. Main applicant must be above 18 years of age.

Cypriot Passport

Cypriot passport grants you full EU citizenship, means right of establishment (live, work, study) in 35 member states of the EUAustria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland and the United Kingdom (UK). You can also visit, Japan, Ireland, Hong Kong, Singapore, Canada over 160 countries without any visa. Cypriot passport is well respected worldwide considered to be the 9th best passport in the World

FAQs

Is the Cyprus citizenship program is still open?

Yes, it is still open.

What is the time frame for the examination of an application?

Approximately three months.

Can family and children receive citizenship?

Yes, spouse and children under 28 years can be included under one citizenship application. New born children also receive citizenship from Cyprus.

Adult dependent children who are unmarried, aged 18-27 years old studying for a first Bachelor’s or a first Master’s Degree, and are considered fully financial dependent on their parents.

Are you a licensed law firm?

Yes, we have partnered with several Government licensed law firms and lawyers in Cyprus assisting clients with citizenship, residency, real estate, taxes, investments, business law etc. We have 100% success rate.

What are the grounds of refusal?

The granting of citizenship is at the sole discretion of the Republic of Cyprus. Your citizenship application will be refund if,

You have failed due diligence and background checks done by the Government.
Providing false information or concealing or misrepresentation in the application.
Have not met the investment conditions set forth by the Government.
Have not met the residency conditions set forth by the Government.
If you on the list of persons whose property is ordered to be frozen by the EU.
If you have willingly assisted enemy at war.
Involved in any activity likely causing disrepute to Cyprus.
Pose as a potential national security threat to Cyprus or member states in EU.

Do i need to make investment again when renewing the passport?

No, it is one time investment, you can renew the passport easily after expiry just by paying EUR 300 fee. You dont need to make the investment again.

Is it possible to get a loan for property purpose?

It is difficult to get a mortgage on a property with Cyprus banks for foreign buyers, so the purchase may have to be made with cash or financed in your home country.

Will citizenship from Cyprus give me EU citizen rights?

Yes, once by becoming a citizen of Cyprus, means you are EU citizen. This means you can also vote in Malta elections and you will have same rights as EU citizens. You can live, work, study in over 35 EU member such as Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland and the United Kingdom (UK). You can also visit Japan, Ireland, Hong Kong, Singapore, Canada, USA (prior ESTA registration) without applying for separate visa.

Are there any residency requirements?

There are no residency requirements under this scheme. You just have to visit Cyprus once. No requirement to physically live in Cyprus after getting the passport.

Are there any taxes?

No. Taxes determined based on the “residence status” not based on holding “citizenship”. That means unless you have lived in Cyprus for more than 183 days as domiciled tax resident. Our tax lawyer will be able to advise you clearly on this.

Are there any restrictions on nationality or country who can apply?

There are no restrictions. Nationals of North Korea, Sudan, Somalia cannot apply.

What services do you offer in Cyprus?

Company formation/registration
International tax planning , Accounting, Trusts
Citizenship, residency and immigration solutions
Cyprus Real estate sales or buying
Yacht or shipping registration in ports
Family wealthy planning
Business investment advice.

How long i should maintain the investment?

You should hold the investment for about 3 years after that you can sell real estate or redeem the bond value.

Can Government revoke the citizenship after it is granted?

Yes, periodic checks are done to see whether investment is maintained properly. If you dont maintain the investment for 3 years, the citizenship can be revoked.

Where is Cyprus passport recognized?

The Maltese passport is recognized for Visa-free travel to more than 158 countries in the world, including the right of establishment in all 28 European Union countries

Can I hold dual citizenship if I have been Naturalised as Cypriot citizen?

Yes, you can hold multiple citizenships.

Can i visit USA using Cyprus passport?

Yes, but you need to apply for US visa separately. Cyprus has no visa waiver agreement with USA.

Is the citizenship granted by Cyprus reported to any country?

No, the citizenship granted to aliens will not be reported to other Countries.

Contact us

If you require more information about Cyprus and how to apply, please contact us below