As a member of the European Union with 340 days of sunshine, mild winters, and warm and hospitable people, Cyprus has long been a destination for those desiring a second home, real estate investments, or a second citizenship and passport. Located in the Eastern Mediterranean, Cyprus boasts a stable and resilient economy due to both the services sector as well as the natural gas reserves. The island also has the lowest corporate tax rate in Europe of only 12.5% making it a desirable location for businesses to operate. Families can benefit from a broad range of reputable public and private schools, providing outstanding levels of education. The local Colleges and Universities in Cyprus are also recognized internationally.
BENEFITS OF THE PROGRAM
- Only Investment Immigration Program offering immediate EU Citizenship.
- Can sell EUR 1.5 Million of property within 3 years.
- Investment in Tangible Assets.
- Can include parents of Investor.
PROGRAM SUMMARY
CITIZENSHIP BY INVESTMENT
| INVESTMENT AMOUNT | €2 MILLION |
|---|---|
| INVESTMENT TYPE | Real Estate |
| SPOUSE | Yes |
| CHILDREN | Yes (up to age 28 ) |
| PARENTS | Can be included with additional investment of €500,000 |
| PROCESSING TIME | 3 to 6 months (average) |
| PHYSICAL RESIDENCY REQUIREMENTS | None |
| LENGTH OF STATUS RECEIVED | Lifetime |
| PERMANENT RESIDENCY | Immediate Citizenship |
| CITIZENSHIP | Immediately |
| SPECIFIC PROGRAM REQUIREMENTS | Must show clean source of funds. Must keep EUR 500,000 residential property in Cyprus at all times. |
| NATIONALITY DISQUALIFICATIONS | No |
| DUAL CITIZENSHIP | Yes |
YOUR JOURNEY
STEP ONE
CBI Application is submitted / Following this a Permanent Residence Permit (PRP) application is filed / A one day visit to Cyprus is required at this time
STEP TWO
Within 5 days - Approval of PRP is granted
STEP THREE
Within 60 to 90 days - Approval of CBI Application is granted / Issuance of Certificates of Naturalization and passports within 6 months from date of original filing (for main and spouse)
STEP FOUR
Citizenship application is filed for minor children requiring 2 to 3 weeks for approval / Immediate issuance of Certificates of Naturalization and Passports / Applications for Adult Children and Parents of Investor can now be processed.
Cyprus Citizenship by Investment Program
Make a qualified investment in Cyprus and gain a legitimate EU citizenship and passport, through the expert guidance of STEP GLOBAL – your reliable experts in investment immigration…