Cyprus Citizenship By Investment
Cyprus, the birthplace of Aphrodite-Venus, Goddess of Love and Beauty. It is an attractive place to reside, with a warm and stable climate, located in a convenient geographical position in the eastern Mediterranean.
Cyprus Citizenship By Investment Requirements
Application Conditions
The main requirement is to purchase property with a total market value at least €300,000 (plus VAT). (The contract of sale must be submitted to the Cyprus Department of Land and Surveys).
The applicant must be at least 18 years’ old
A certificate of no criminal history must be submitted.
Residence Permits are granted to the main applicant’s whole family, including their spouse, any financially dependent
Children under 25 years of age, and the parents of the applicant and spouse.
The applicant must provide supporting evidence of a secured annual income of at least €30,000 that is derived from outside of Cyprus. This income increases by €5,000 for each additional dependent, and €8,000 for each dependent parent.
The applicant must deposit a minimum of €30,000 from abroad into a Cyprus bank account, which will be frozen for a period of three years.
Cyprus Citizenship For Indian
Documents Required For Cyprus Residency
Application form (MIP1)
Checklist of the documents submitted with the appliance
Checklist of the documents submitted with the appliance for adult children
Checklist of the documents submitted with the appliance for applicant’s parents
Affidavit or Official Statement on the annual income of the applicant, with other supporting evidence. Official declaration on the confirmation of non-employment of the applicant and his spouse in Cyprus (However they’re allowed to be shareholder(s) during a Company registered in Cyprus, and receive dividends from such a corporation .
Title deeds or a purchase accept the applicant name and/or his/her spouse, which has been officially filed at the Department of Lands and Surveys, of a true estate, of total market price of a minimum of €300.000 (excluding V.A.T.)
Official payment receipts of a minimum of €200.000 (excluding V.A.T.) paid on a Cyprus checking account , regardless of the delivery date of the important estate. the cash should be transferred from abroad. Proof for the Source of Wealth are going to be required.
Clean record for the applicant and his/her spouse must be submitted obtained from their country of residence or from Cyprus, just in case they’re residents of the Republic.
Declaration of a secured annual income from abroad of a minimum of €30.000, (original documents and affidavit or declaration)
Original Letter from a financial organization in Cyprus (Bank, Coop) confirming a deposit of €30.000, pledged for 3 years.
Copy of valid passport of the applicant and his dependents.
Copy of valid temporary residence permit (if the applicant resides in Cyprus).
Curriculum Vitae (including academic qualifications).
Marriage Certificate duly certified (official and authorized translation).
Children’s Birth Certificates duly certified (official and authorized translation).
Health policy for the applicant and his dependents
Other documents which are submitted with the application.
Advantages of Cyprus Citizenship By Investment Requirements Program
Cyprus Citizenship Benefits
Strategically located at the crossroads of three continents – Africa, Asia and Europe – Cyprus is the transportation hub of the Eastern Mediterranean.
Healthy and robust economy, managed to sustain this stability despite the economic crisis and world recession.
One of the lowest corporate tax rates in the EU at 12.5 percent.
High standard of living, a gateway to EU countries.
The government encourages foreign investment.
Fast track application procedure, within 2-3 months.
No residence requirement, no language requirement.
The Resident Permit is granted to the whole family, their spouse, any financially dependent children under 25 years old,
and the parents of the applicant and spouse.
Lowest crime rate in Europe, making it one of the safest place to live.
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