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Cyprus

Permanent Residence

Citizenship by Investment

Cyprus Immigrant Program

Overview

Cyprus, with its warm and stable climate and convenient geographical position, is an important hub in the heart of the Mediterranean, at the crossroads of Europe, Africa and Asia. It considered an attractive place for both business and residence. The investment landscape in Cyprus is beneficial due to the island’s well-qualified labor force, attractive taxation and a reliable transport and telecommunications system. The economy is rapidly recovering from recent recession through significant activities in the shipping, tourism, the legal and financial services sectors, and has also seen a surge in foreign investments and developments, property and investment values. Cyprus has a modern, free-market, service-based economy, where in conjunction with its effective and transparent regulatory and legal framework, it offers international investors and businesses confidence to invest, grow and prosper. Cyprus is an active member of the European Union, with a high-income economy and a business-friendly environment. Indeed, Cyprus has the lowest corporate tax rate in the entire European Union – currently standing at 10%. Moreover, Cyprus is ideal for families and students, as it has a world-class education system to which 7% of the country’s GDP is directed every year.

Why Cyprus?

Strategic geographical location, forming a bridge between the EU, the Middle East, and North Africa with direct access to the Mediterranean Sea

Excellent education system with a number of high standard schools and universities and first-rate health care;

Spouse, and any dependent children up to 28 years old in full time university education can be included

The right to live, work and study in any of the 28 EU countries

Visa-free travel to more than 160 countries and territories, including Canada, the entire European Union, Australia, Singapore, Hong Kong

Low tax rates and free trade within the EU

Safe living environment, a beautiful location with a great quality of life

The opportunity to maintain dual citizenship if so desired

Legal Basis

Under Cyprus legislation and specifically article 111 of the Civil Registry law 2002 (N.141(I)/2002 as amended) “…the Minister of Interior has the right to grant a certificate of naturalization, upon application by any alien adult with full capacity, who satisfies the Minister that he/she fulfills the criteria for naturalization according to the third table of the law.”

Advantages of Citizenship by Investment Program (CIP)

Citizenship of an EU member state

The right to live, work, and study in all 28 EU countries

The right to security within the European social and legal system

Full citizenship and passports granted to the applicant and included family members

Visa-free travel to over 160 countries around the world

Flexible options with no residence requirement

Qualify by acquiring assets in Cyprus, with no requirement to donate your wealth

Fastest route to EU citizenship, with approval granted within 2-3 months

No requirement to make a donation to the local government, in contrast to many other citizenship programs worldwide

No minimum physical residency prior, during or after citizenship

EU Free Movement of goods, services,capital

Offering an effective tool for family and tax planning, Cyprus has zero inheritance, wealth, gift and immovable property taxes

Requirements

Aged 18 or above

No criminal record

A €2 million (plus Vat if any) Investment in a selection of Residential Properties, out of which one property is to be used as a privately-owned permanent residence of a minimum value of €500,000 (plus VAT if any). The remaining € 1.5 million can be invested in a range of residential properties, which may be resold aſter 3 years.

Procedures

Free assessment & consultation

Service agreement signing

Business exploration in Cyprus and payment for property purchase

Payment of legal fee and government possessing fee upon application

Documentation submission

Review and background check

Approval in principle

Landing in Cyprus for passport and ID card

Why Globevisa Group

Industry leader with 30% market share

Expertise in documentation preparation with a guarantee of 100% success rate

Few agency that can straighten processes and procedures, advise on policy issues with Cyprus President, Minister of Ministry of Interior and Speakers of Cyprus, which guarantees our clients with first-hand information and high success rate

Local staff in Cyprus offering seamless service from home to target country available on request for our VIP clients

The pioneer firm in the industry for investigation on properties in Cyprus, providing cost-effective properties of about 2,000 premises in three major cities

Professional guidance from well-known immigration lawyers on the application procedure and support throughout the process,

Successful Cases

Approval in Principle

Certificate of Citizenship and Passport


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