Article

CYPRUS CITIZENSHIP

Topic: InvestingPublished March 8, 2018

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OVERVIEWrnCypriot citizenship and second passport program is the only fast track program in Europe. You and your family will be able to live and work anywhere in Europe with this second passport without ever residing in Cyprus to obtain or maintain your citizenship. You and your family will obtain an irrevocable dual citizenship and second passport without having to move away or renounce your current nationality. Cyprus is currently the only European country which by law offers citizenship and a second passport in 6 months without having to live in the country. On the 24 May 2013, pursuant to subsection (2) of section 111A of the Civil Registry Laws of 2002-2013, the Cypriot Government has enforced favorable immigration policies, further fostering a way of obtaining Cyprus Citizenship by Investment. rnTimeline: 6 monthsrnNationalities supported: Open to all nationalitiesrnVisa free travel: Instant visa-free travel to 146 countries, including the Schengen countries, Canada, United Kingdom, Singapore and Hong KongrnInvestment type: Real Estate Investment in CyprusrnInvestment cost: Real Estate Investment of EUR 2,000,000 rnCOSTSrnThe citizenship and second passport program of Cyprus requires making a real estate investment of EUR 2,000,000. The property investment must be kept for 3 years and once it is sold a property worth EUR 500,000 must be kept indefinitely. OPTION - REAL ESTATE INVESTMENTrnThe total investment amount will be held on an escrow account and not released until the citizenship application has been approved by the Government.rnIn the rare case of rejection, the total investment will be returned to the applicant. For a full breakdown of Government Fees, Due Diligence Fees and other payable applications fees for your specific case please contact us.

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