Cyprus has become an attractive destination for investment and one of the most interesting financial centres in Europe.
New investment & criteria for Cyprus Passport
(citizenship) as from 13.09.2016
A clear criminal record is needed
The applicant must already have a permit to stay at Cyprus at the time of application for Cyprus passport.
Private house, flat for permanent residence in the island for 500000 euro plus VAT.
An application to the Cyprus ministry of interior is needed, through a lawyer.
Minimum investment of 2000000 euro of property in residential, commercial or tourism sector. Development of a new property project is also acceptable and maybe the best way to combine citizenship with a good investment.We must note that Cyprus has one of the best economy growth At 2016-17.
The applicant must have invested in Cypriot companies or businesses minimum 2000000 euros. This capital must be channelled for the funding of investment purposes of such businesses only in Cyprus, on the basis of an investment project. Such companies must have an office presence in Cyprus with signifigant financial activity and an important cycle of activities and must employ at least 5 EU citizens.
When an applicant buys assets in Cypriot businesses or entities such an acquisition must be over 2000000 euro and it may include bonds that have been issued with the authorisation of the CySec, for companies with a substantial financial activity in Cyprus and which aim at the funding of investment purposes of those entities/businesses only in Cyprus, and on the basis of an investment project.
It is possible for the applicant to combine the investments in criteria 1-3 above under the condition that the total value of the investment is minimum 2 million euro. Government bonds up to 500000 euro from the Ministry of finance on the condition that such bonds will be kept on for 3 years.
In all four cases the applicant must have effectuated the relevant investments within the 3 years preceding the application and the investment must be kept for 3 years after the granting of Cypriot passport.
Cyprus Passport is regarded one of the best options worldwide, for businessmen want to expand their operation abroad at a safe and helpfull economic environment.
Tel: +357 24822700
Fax: +357 24647970