Cypriot passport

Cypriot Passport
by Investment

Get the right of permanent residence
in the EU through the investment
program of Cyprus

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On November 1, 2016, the government of Cyprus has established an investment program. According to paragraph 6 of the Aliens and Immigration Regulations and Art. 111 of the Cyprus Civil Registry Law and the terms of the program, foreigners are given the opportunity to obtain the Cypriot passport by investment. The Cypriot passport is ranked 16th in the world strongest passports list. It opens for the investor the right of visa-free travel to 173 countries and the possibility to live in the EU and the Schengen area.

BENEFITS OF THE CYPRIOT PASSPORT

Visa-free entry to 173 countries, including USA, Japan, and the UK

Right to reside on the territory of any EU country and Schengen area with family

The lowest corporate tax rate in Europe - 12.5%

Opening accounts and registration of loans in banks of the European Union

Education in universities of Cyprus and other European countries

The right to retain the original passport

Get the status of EU citizen
in 6 months under
the accelerated investment program

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HOW TO OBTAIN A CYPRIOT PASSPORT
BY INVESTMENT

Participation in the state investment program of Cyprus allows to acquire a Cyprus resident card for a period of six months and apply for a passport.

The application is being considered for 6 months. Together with the main applicant, the right to participate in the program and to obtain a Cypriot passport is granted to the spouse and children under the age of 28. The inclusion of the investor's parents in the application involves an additional investment of € 500,000 per person.

Since February 26, 2019, persons who have previously been denied citizenship in any state of the European Union are prohibited from participating in the investment program of Cyprus. This rule applies to all family members of the applicant.

Cyprus passport by investment

Investing in residential real estate

To obtain the Cypriot passport you need to invest € 2,000,000 in residential or commercial real estate in Cyprus. According to the changes made to investment program, from May 15, 2019, when purchasing a real estate previously used by another investor to acquire Cyprus citizenship, the amount of investment increases to € 2,500,000. The main requirement for the investor is permanent ownership of real estate in Cyprus worth more than € 500,000. Investment can be made either personally or through a company in which the applicant is a shareholder or a director.

When investing in real estate the following documents should be provided:

  • For construction of the object – a building permit
  • For the built object – certificate of completion
  • For the object under construction – confirmation that 5% of total property value is being held by the bank guarantee

Investing in the Cyprus economy

The state Cyprus program provides following options:

  • Investing in the capital of a company based in Cyprus
  • Investing in alternative investment funds or capital of Cypriot enterprises or entities that are licensed by the Securities and Exchange Commission
  • Investing in state development programs and infrastructure projects in Cyprus
  • Investing into several of the above-mentioned options

Since May 15, 2019, all participants must make a charitable contribution in the amount of € 75,000 in the Cypriot research fund and € 75,000 in the Cyprus Land Development Corporation which provides funding of affordable housing schemes for the citizens of the country.

THE CYPRIOT PASSPORT APPLICATION PROCESS
1

Applying to the Ministry
of Interior of Cyprus

2

Payment of government fee
in the amount of
€ 5,000 per each adult applicant

3

Submission of biometric data
for identity cards

4

Obtain the Cypriot passport

Enlist legal support
of International Holdings and receive
the passport of the European Union
through the investment program
of Cyprus

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