CYPRUS INVESTMENT PROGRAMME (CIP)

Cyprus is an English-speaking country with a British legal system. It is an island with a wonderful climate and excellent environment, which is one of the safest places in the world today.

Investments in real estate worth at least €2 mln allow to obtain Cypriot citizenship in 6–9 months

You can invest in residential and commercial property

The assets can be sold at a profit after five years, but the passports are kept forever

The investor must retain the property, which is his permanent residence in Cyprus, worth at least €500,000 + VAT in private ownership

A contribution of €75,000 to the Research and Innovation Fund for the Development of Entrepreneurship in Cyprus is required

A contribution of €75,000 to the Cyprus Land Development Corporation for implementing an affordable housing policy is required

Citizenship is granted to the applicant, as well as to their spouse, parents*, and all financially dependent children under the age of 28. Citizenship is automatically transferred to all subsequent generations of the investor. * The parents of the investor only need to prove the availability of their own real estate for a stay of at least €500,000 + VAT

A second passport is allowed. Refusal of basic citizenship is not required. Dual citizenship implies privileges such as financial privacy

There is no requirement to reside in Cyprus after acquiring its citizenship

Citizens of Cyprus, like citizens of any European country, have the right to work, receive an education, live, and move around Europe. Visa-free entry in 157 countries is guaranteed

Attractive tax system

Exemptions from tax on dividends and interest income received worldwide over a period of 17 years for ‘non-domiciled’ tax residents

Cyprus also boasts zero inheritance or immovable property tax

Lowest income tax rate in the EU

Investment Requirements:

1

The applicant must have a clean criminal record (including a clean criminal record for spouse, adult children and parents)

2

The applicant must have a Schengen visa at the time of application

3

The investor must be the holder of a residence permit in Cyprus to qualify for Cyprus citizenship

4

Applicants who were previously rejected for citizenship by any other EU country, are not eligible under the CIP

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