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Cyprus Citizenship/Passport, Reduction in Investments Amounts Required

Posted on: 9/21/2016 12:52:30 AM under General News

The Cyprus (EU) Citizenship is granted within just 3 months! The programme has already attracted over 3 billion euros of direct investments into the economy of the Republic of Cyprus. The programme requires the amount of €2mln to be invested in Cyprus for 3 years. Take part in the programme investor with his family obtain Cyprus passports. This is not a residence permit or a visa but rather full citizenship of the EU-member state.

Advantages of the programme:

The programme is unique in Europe and very appealing:

All next generations of investor retain EU citizenship, the investors parents are entitled to apply for citizenship provided that they are owners of a Cyprus permanent residence of at least €500.000 an express procedure that takes 3 months to be approved with No requirement to reside in Cyprus Minimum investment required is €2mln (here and below amounts are excluding VAT where VAT is applicable) The investment must be kept just for 3 years.

Investor and his family can freely reside, work, study, have business in any of the EU-member states as well as in Switzerland, Liechtenstein, Norway and Iceland as Holders of a Cyprus passport can travel visa-free in 157 countries in total Dual-citizenship is permitted.

Investment options

An investor is free to choose where to invest from a wide choice of options:

·Residential properties

·Commercial properties

·Development projects

·Purchase or creation or participation in Cypriot businesses or companies

·Investment funds, financial assets of Cypriot businesses or organizations

·Government bonds (maximum €500.000 the balance €1,5mln should be invested in other options like property)

·Combination of the above options