CYPRUS CITIZENSHIP BY INVESTMENT PROGRAM

THE FASTEST ROUTE TO AN EU SECOND PASSPORT 

The Ministry of Interior of the Cypriot Government has created opportunities for foreign buyers to acquire citizenship rights through a number of investment options. In return for such investments a non-European investor will gain irrevocable citizenship for themselves and their dependants. As Cyprus is an EU member state, the applicant will also gain the right to reside, work and study in all 28 EU Member states (including the UK) and visa free travel to 125+ Schengen countries (169 total).

PROGRAM REQUIREMENTS

    • Investment of €2 million into approved Real Estate held for a period of 3 years
    • A further €500,000 can be invested in order to include the applicant’s parents in the application
    • After the minimum period a property at the value of €500,000 must be retained for life.
    • The property(s) may be rented, with Regency Elite able to provide a a guaranteed rental return.

APPLICATION PROCESS

The application process for a Citizenship by an Investment in Cyprus begins with an applicant visiting Cyprus to view suitable property(s) (although this is not mandatory).  Prior to his visit to Cyprus, an investor will be advised, which supporting evidence must be brought along from applicant’s country of birth, and which supporting evidence will be acquired during his trip to Cyprus for effective application submission. Once all documents are gathered, the preparation of application file begins and can take up to 7 days.

The estimated processing time for a Citizenship by Investment in Cyprus is 3-6 months, providing that an application is duly submitted and accompanied by all necessary supporting documents.

Please note that the investment must only be retained if the application is approved, furthermore prior due diligence will confirm with 99% accuracy the outcome of the application giving the applicant piece of  mind
On approval of the application, a letter signed by the Council of Ministers is executed to/for a client within 3 working days. The Civil Registry and Migration Department issues a Certificate of Naturalization within 2 working days.  

An applicant able to visit Cyprus in order to collect their passport or alternatively a courier to their location can be arrange. The issuance and collection of a passport takes one working day.

For further information on how the application process works, please contact us.

The small but dynamic Island of Cyprus, situated in the Mediterranean Sea in between Europe, the Middle East, North Africa and Asia, continues to be an attractive destination to live, work and invest.  With its reputation for hospitality, a sophisticated lifestyle, beautiful beaches and 340 days of sunshine a year, Cyprus tops the list of second home destinations for wealthy international clientele.  The island’s excellent infrastructure, highly educated English speaking workforce, low cost business environment and investor friendly tax regime establish Cyprus as an attractive business centre. Previously Cyprus drew its income mainly from agriculture and the export of minerals but over the years, due to its flexibility towards ever changing economic conditions, it has developed itself as a service centre for banking, commerce and shipping earning a classification from the World Bank  as a high-income country. 

Although the recent economic crisis has weakened the real estate market in Cyprus, which has always remained highly attractive to international buyers, and despite the fall in demand for investment opportunities, the sector is currently undergoing an infrastructure upgrade in order to enhance the island’s attractiveness as a leading property investment destination.

As a result of our partnerships with key developers in Cyprus, the applicant will not be required to pay any legal fees, instead these are all covered by the developer.

Please note that there are some government fees involved which vary depending on the number of applicants. Please contact us for an accurate quote of these fees.

Cyprus has a 0% tax rate on world-wide income for residents and nationals Cyprus also has a  0% rate on Inheritance, Wealth and Gift tax.
The company’s taxation in Cyprus is the lowest in Europe and it is 12.5% on the net proceeds. There are also a number of reductions for dividend to non-residents or sales of shares that can reduce the liability down to 0%

BENEFITS OF THE PROGRAM

  • You get a European passport within 3-6 months, unlike the UK Investor visa which takes 6 years.
  • There is no residency requirement
  • The investment period is only 3 years compared to 5 years with the UK Investor visa.
  • The passport will allow you to live and work anywhere in the EU
  • You can include children over 18, up to 28
  • You can include parents
  • Citizenship passed on by descent
  • Once you have the Cyprus passport you are able to live in the UK without a Visa and get a British Passport after 6 years. The same length of time as other UK visas.

For a list of Visa Free Travel for holders of a Cyprus passport please scroll down:

 

BREXIT

As agreed between the UK Government and the European Parliament, all EU Nationals residing in the UK prior to the end of the transition period (likely to be no sooner than 2020) will be subject to current Free Movement laws, meaning that any changes in the law after Brexit will not apply to applicants, because the passport can be obtained within 6 months and therefore ahead of the 2020 deadline.

As such the Cyprus program is the only passport program in the world that guarantees the applicant the right to remain in the UK post-Brexit.

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Facts & Figures

  • Nicosia

    Capital
  • Population

    838,897 (2011 Estimate)

  • Euro

    Currency
  • GDP

    $46,588 billion (Total)

  • Greek, Turkish, English

    Language

Location

The third largest island in the Mediterranean, located south of Turkey in the vicinity of Syria and Lebanon, Israel, north of Egypt and east of Greece.

Age Demographics

Greek Cypriots, Turkish Cypriots, Armenians, Maronites

Religions

73% Eastern Orthodox, 25% Islam

Government Type

Unitary Presidential Constitutional Republic

CYPRUS VISA FREE TRAVEL

If you are a holder of Cyprus passport, you can travel to the following countries without obtaining visa before your trip. Please note this information is for guidance only. To visit other countries, or to stay for longer period, you may require a visa. Please check with the embassy or consulate of the country you will be visiting.

  • Austria
  • Antigua & Barbuda
  • Argentina
  • Albania
  • Belgium
  • Bulgaria
  • Bahamas
  • Barbados
  • Bangladesh
  • Bolivia*
  • Bosnia & Herzegovina
  • Botswana
  • Belize
  • Brunei
  • Czech Republic
  • Canada
  • Chile
  • Colombia
  • Costa Rica
  • Denmark
  • Dominica
  • Estonia
  • El Salvador
  • Egypt**
  • Fiji
  • Finland
  • France
  • Germany
  • Greece
  • Guatemala
  • Hungary
  • Honduras
  • Hong Kong
  • Iceland
  • Ireland
  • Italy
  • Indonesia**
  • Japan
  • Kenya
  • Latvia
  • Lichtenstein
  • Lithuania
  • Luxembourg
  • Lebanon
  • Malta
  • Mexico
  • Malaysia
  • Malawi
  • Moldova
  • Morocco
  • Netherlands
  • Norway
  • New Zealand
  • Nicaragua *
  • Poland
  • Portugal
  • Peru
  • Panama
  • Paraguay
  • Philippines
  • Romania
  • Slovakia
  • Slovenia
  • Spain
  • Sweden
  • Switzerland
  • Serbia
  • South Africa
  • South Korea
  • Taiwan
  • Thailand****
  • Turkey***
  • United Kingdom
  • Uruguay
  • Ukraine
  • Venezuela
  • Zambia

*visa on arrival (or visa free entry) valid for 90 days

**visa on arrival (or visa free entry) valid for 30 days

***visa on arrival (or visa free entry) valid for 1 month

****visa on arrival (or visa free entry) valid for 15 days

0207 118 7885

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17 Hanover Square, Mayfair, London, W1S 1BN

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