The Cyprus Investment Programme application procedure is a secure, clean and transparent process. Cyprus has long being considered as an international business hub presenting a number of business advantages to investors, and the safety and high standards of living of our island set up a fruitful ground for relocating and permanent living.
- Invest a minimum amount of €2 million (plus VAT if applicable).
- Own a main residence of at least €500.000 (plus VAT).
- Donate €75.000 to the Cyprus Land Development Corporation and €75.000 to the Research and Innovation Foundation.
- Hold a permanent residency permit for at least 6 months.
- Hold a Schengen visa at the time of application.
- Have a clean criminal record.
- Keep the investment for a minimum period of 5 years.
- Must have never been rejected for citizenship by any other EU country.
|Real Estate Investments (A.2)||Company Investments (A.3)||Alternative Investments (A.4)|
|The Applicant has to make a total investment of at least €2m (plus VAT if any), out of which one of the properties needs to be worth at least €500.000 plus VAT and is to be considered as the main residence.||The Applicant has to make a purchase or to participate in companies or organisations established and operating in Cyprus with an investment of at least €2m. Additionally, property purchase of at least €500.000 plus VAT is required to be considered as the main residence.||The Applicant has to buy units with a value of at least €2m from AIFs or RAIFs established in Cyprus and which are licensed and supervised by CySec. Additionally, property purchase of at least €500.000 plus VAT is required to be considered as the main residence.|
|The investment must involve the purchase or construction of buildings or for the construction of other land development projects (residential or commercial developments or developments in the tourism sector) or other infrastructure projects, including properties purchased after their initial sale (i.e. re-sales)||The business investment activities must be channelled towards companies exclusively in Cyprus, based on a specific investment plan. Such companies or organisations must have a proven physical presence in Cyprus, with significant activity and turnover and employ at least five Cypriot or other European Union citizens.||These investments must be made in Cyprus exclusively and must meet the criteria of the programme or be in areas approved by the Minister of Finance.|
Along the procedure, additional fees might occur including stamp duties, transfer fees, company creation fees, etc. Investment in real estate is the most cost effective since the amount required for the main residence (at least €500.000) is included in the total investment amount of €2m. For the rest of the investment options, this has to be additional to the total investment amount.
The Applicant may choose a combination of the above investments, provided that the total investment will amount up to at least €2m.
If a combination of investments is made, then an additional property purchase of at least €500.000 plus VAT is required to be considered as the main residence.
This option allows the Applicant to purchase special government bonds of the Republic of Cyprus up to €500.000 (to be included in the total investment of €2m), on condition that the investor will retain these bonds for a three year period.