FINANCIAL
REQUIREMENTS
1) Owning one or many residential properties, total price of which is at least € 2,000,000 (excluding 5% VAT for the first property and 19% VAT for the second property onward) is a condition for the applicant, spouses, and single children under the age of 28 become citizens of Cyprus permanently.
2) The applicant’s parents are also eligible for the program if applicant own one or more residential properties, total price of which is at least € 2,500,000 (excluding VAT)
3) It is not mandatory to deposit money into a fixed account in Cyprus bank.
4) Full package service fee for Cyprus lawyer (VAT included)
– Attorney’s fee: 0.5% of the total value of the investment property
– Insurance fee per year for all family members and Government fee: € 20,000
5) Traveling and signing of Real Estate Contract trip (6 days): € 1,700/ person (includes €100 for visa fee, €1,200 for airfare, €400 for travel expenses + meals + accommodation in villas of the project. This fee will be refunded when the real estate purchase contract is signed, up to 2 persons per family
6) When the naturalization application is approved by Cyprus Government, the applicant’s family must travel to Cyprus twice for fingerprinting and CIP procedures. Estimated cost per trip is € 1,700 per person (excluding interpretation).
1) Applicants do not need the proof of income. The spouses’ parents of the applicants are not eligible for this program.
2) After the applicant pay the full amount of € 2,000,000 (excluding VAT) and the full package service fee, the lawyer will proceed the CIP application to the whole family within a period of 6-8 months.
3) After getting the CIP, you do not need to live in Cyprus but your CIP is forever.
4) Three years after getting the CIP, you only need to hold the property of at least € 500,000 as a condition for maintaining the citizenship for all members. If the applicant’s parents are under program, he/she has to hold the property of at least € 1,000,000 (plus VAT).
5) Applicant need to hold a clear, clean profile from your host country.
6) Once you have your citizen, you automatically become an EU citizen and enjoy all your health care, education, election, etc. benefits. as other EU citizens
– Free to travel, live and work in 37 countries including 28 countries in the European Economic Area and Iceland, Liechtenstein, Switzerland, etc.
– No tourist visa requirement to 141 countries including Canada, New Zealand, Japan, Korea, Taiwan.
– Can apply for a tourist visa at the arrival airport and can enroll in 37 countries, including Australia.
– Easy to apply for a tourist visa to the United States.
LEGAL
REQUIREMENTS
INVESTOR PROGRAM - ADVANTAGE
- SHORT PROCESSING TIME: 3-4 months for PR program and 6-8 months for citizenship program from the date of application.
- WHOLE FAMILY IS ELIGIBLE FOR THE SCHEME.
- APPROVED CASE RATE: OVER %99
- From financial point of view, INVESTOR PROGRAM IS IN LOW PRICE (€300,000) not strict in explaining the origins of your money. Privately-own your residence and you can rent it.
- LANGUAGE: Greek and English
- CLIMATE: temperature at 16-30 with 320 days of sunshine
- LIFE ENVIRONMENT: top pure and clean environment of the world.
- ECONOMY: developed economy; Eurozone member; focus on tourism, services, finance, shipping, gas industry.
- POLITICAL: stable as a member of EU
- SOCIETY: multicultural, rated as one of five safest countries of EU.
- COMMUNITY: tourism is the main economy. English is using as second language.
- Medium living cost for one person €500/ 1 MONTH (not include accommodation fee)
- TRAFFIC INFRASTRUCTURE in very good condition.
- EDUCATION: EU standard. Free state education up to university. American standard private schools with reasonable cost (about 40% compared to international school in Vietnam).
- TAX: lowest tax in Europe (12.5% on corporate tax, 5% VAT on new property, 0% inheritance tax and dividend)
