The Cyprus Investment Programme (“Programme”) encourages Foreign Direct Investment to attract high wealth individuals to establish and carry out business in Cyprus. As a member of the European Union since 2004 and the Eurozone in 2008, Cyprus enhanced its role as robust and reliable destination for key players in various industries and sectors. The professional services industry evolved to cater for businesses of local and international clients, in line with the risks of the Digital Age and the challenges of globalisation.
In accordance with the Programme, non-Cypriot citizens can apply to acquire Cyprus citizenship through naturalization by exception, subject to the relevant financial criteria and additional terms and conditions. Amongst other things, the Applicant must make the requisite investments during the 3 years prior to the date of the relevant application, and must retain such investments for a period of at least 5 years following the date of its naturalization. It is possible for the Investor to replace its investments throughout the said 5 year period, if the Ministry of Finance approves so.
Alternatively, the Applicant can invest in a combination of the above; if the total amount of investment is at least EUR2mln.
Terms & Conditions
The above also apply for the family members of the Applicant who may apply alongside the Applicant.
The above condition for a Cyprus residence permit can be fulfilled upon simultaneous application with the application for naturalization.
Our firm advises affluent individuals, family offices and investors on a variety of matters with personalised solutions.
We stand by our clients’ side every step of the way from inception to completion of complex real estate and construction projects. Our clients benefit from our holistic perspective and delivery of customized solutions that cover all required aspects of their unique needs.
We act for buyers, sellers and developers of residential, commercial and industrial real estate.
We advise our clients on the most appropriate corporate structure and governance for the purpose of their particular enterprise. We establish companies, partnerships, collective investment vehicles, trusts, foundations and charities, and assist with maintenance throughout their business cycle.
Please do not hesitate to contact us if you require further information or support on such matters.