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Cyprus Passport

cyprus european passport

China Town Project


oikia kineziki

Residential Permit

cyprus resident permit

EU Citizenship / Cypriot Passport for Non  Eu Citizens


1344668-cyprus flag web 2new passport  EU Flag

 

With the purchase of properties (e.g. houses, offices, shops, hotels etc or a development of a similar nature, excluding underdeveloped land) worth €2,500,000 or more, non European citizens are eligible to apply for a Cypriot Passport and access in Europe / Citizenship granting them the following:

  • Freedom to live, travel, invest, work, study and buy property anywhere in the EU.
  • Benefit from the legal rights and privileges of natural born EU citizens, such as health, education, vote in European elections.
  • Once the citizenship is obtained, eligibility is then passed onto the applicants children and their descendants.

All applicants for Cyprus European Passport Program must purchase a residential property in Cyprus of a value at least €500,000 not including.

C. Kadis Estates, is committed to assist clients throughout the whole procedure and has prepared property proposals, aimed at making the clients property search and purchasing decision more efficient.

The Cyprus European Passport cases are completed within period 2 months. C. Kadis Estates gives bank guarantee for money back if not succed.

On the 28th of March 2014 Cyprus Government through the Ministry of Interior, has announced changes to the criteria for granting the Cypriot citizenship by exception to foreign investors, in an effort to further promote foreign investment in Cyprus.

GENERAL

The main amendments, says the report, concern the discrection of the Cabinet to lower certain criteria regarding:

- investment in government bonds,

- assets in Cypriot enterprises or organizations, in real estate,

- development and infrastructure projects (residential or commercial developments, developments in the tourism sector or other infrastructure projects),

-establishment or participation in Cypriot businesses and companies.

'SPECIAL CASES'

 The amount necessary for foreign investors to secure a Cypriot passport, which is reduced to €2.5 million* for someone participating in a collective investment worth at least €12.5 million.

The amount necessary for foreign investors to secure a Cypriot passport, which is reduced to €2.0 million* for someone participating in a collective investment worth more than €12.5 million. This provision will apply until 1.6.2014.

*The VAT is neither included in the amount of €5,0 million for the "Direct Investments", nor in the amount of €500,000 required as a minimum purchase value of the privately  - owned residence.

1)A €2,0 million (plus vat) passport program is available for investors applying until the 1st of June 2014.

The parameters are as follows:

One property to be used as a permanent residence at a minimum value of €500,000. (The residence must be retained by the clients)

€2,000,000 can be invested in other properties, residential or commercial developments, developments in the tourism sector or other infrastructure projects*.

Foe example:

Purchase a property for residence of minimum value: €500,000

Invest in properties (i.e. 6 units and or land): €2,000,000

Total investment: €2,500,000

*Please note that undeveloped land is excluded

2)A €2,5 million (plus vat) passport program is available for investors applying after the 1st of June 2014.

The parameters are as follows:

One property to be used as a permanent residence at a minimum value of €500,000. (The residency must be retained by the clients)

€2,500,000 can be invested in other properties, residential or commercial developments, developments in the tousrism sector or other infrastructure projects.

For example:

Purchase a property for residence of minimum value: €500,000

Invest in properties (i.e. 7 units and or land): €2,500,000

Total investments: €3,000,000

* Please note that undeveloped land is excluded

If an applicant decides to invest in the purchase of a privately - owned residence solely, of a purchase price either €5,0 million (criterion A.3), or of €2,5 million (criterion A8(I)), or of €2,0 million (criterion A8(II)), he/she is not oblige to bur a further privately-owned residence of purchase value €500,000.

For Example:

A.3 criterion

1. Privately owned residence solely €5,000,000 + vat

Collective investments

1. Until the 1st of June 2014 - Privately owned residence solely €2,000,000 + vat

2. After the 1st of June 2014 - Privately owed residence solely €2,500,000 + vat

PLEASE NOTE THAT FOR BOTH OPTIONS (€2 MILLION OR €2.5 MILLION) THE FOLLOWING APPLY:

1. The investment properties must be retained for a minimum period of 3 years. During this time the properties can be rented out.

2. If an applicant has property/is in Cyprus already (purchased in the last 3 years 2011 - 2014), then the property/can be included in the package. If one property is of a minimum value of €500,000, then that property can be used to satisfy the residence requirement.

3. The procedure for issuing the passport will be fast tracked, so the applicant can expect to receive his/her passport within 2 to 3 months from the date of application.

PLEASE NOTE THAT FOR BOTH OPTIONS (€2 MILLION OR €2.5 MILLION) THE FOLLOWING APPLY:

4. The passport program applies for the main applicant, the spouse and any dependent children (up to the age of 28 at the time of application).

5. This is a very beneficial program as it entitles the holder to live, travel, work and study anywhere in Europe.

6. As an added benefit, holders of a Cyprus passport can travel without requiring a visa to 140 plus different countries.

7. The applicant will be a part of a collective investment scheme of €12.5 million (six applicants for the €2 million package of five applicants for the €2.5 million package)*.

*Please note that the investment does not need to be in the same project.

CYPRUS CITIZENSHIP DOCUMENTS

The procedure of admission and examination of an application can be found in the website of the ministry of internal affairs of Cyprus. Click here..

 

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