Cyprus Citizenship By Investment

All those high net worth individuals looks to become global citizens can avail this opportunity provided by CYPRUS by joining their Citizenship by Investment Program.

• Obtaining a Cyprus citizenship ensures you to spread your business wings across globe without any hitches
• Cyprus passport can be obtained in 3 months straight
• The applicant can maintain both their original citizenship and Cyprus citizenship
• The investments first agreed upon can be liquefied after 5 years of obtaining the citizenship.
• At any given point of time, the applicant need not reside in Cyprus.
• The applicant’s next generations can obtain Cyprus citizenship by naturalization

As of 15th May 2019, below are the agreed investments for one to qualify for Cyprus citizenship program

• Contribution towards the Research and Innovation foundation - €75,000/-
• Mandatory contribution to Cyprus Land Development Corporation - €75,000/-
• Real Estate investments as agreed upon.
• Maintain these investments for a minimum of 5 years

Amendments in the CYPRUS Citizenship Program as declared on the 18th of August in the Cyprus Government Gazette.

• Parents and Parents-in-law of the main applicant can be added in the same application, provided the Parent-in-law make an additional investment of €500,000 in the real estate in Cyprus.
• The Non-refundable donation amount towards Government Fund, to obtain citizenship in Cyprus has been increased to €200,000 from €150,000.
• There is no change in the value the investor will need to invest in the real estate of Cyprus to be eligible under this program. The investment should be maintained for 5 years. And the number people to be employed are now 9.
• The investor will have to submit the certificate from Police records about clean background which should be valid for the next 6 months from the date of application
• According to the current amendment law, a high-ranking Government official or public figure, can apply for this citizenship, provided the individual is not holding any profile of that stature during the last one year before submission of application
• All those people who are in some or the other manner related to people or legal entities which are subject to EU sanctions, are not eligible to participate in this program.

XIPHIAS Immigrations is a team made of international immigration expats, who have good relations with many real estate and business houses in Cyprus to ensure their clients get the best deals possible in the country.