Dual citizenship offers an effective tool for international tax planning and provides financial privacy for banking and investment. It improves personal security, enhances freedom of movement and opens up significant opportunity. The Cyprus Investment Program enables a non-Cypriot, that meets the economic criteria of the program, to acquire citizenship for himself and his family, including dependent children up to age 28. The program requires an investment of €2M into residential real estate, an investment which must be retained for a period of three years. All nationalities are eligible to apply, the application examination period is six months.

	EXIT STRATEGY 3 Years		PURE INVESTMENT No donation element
	DUAL CITIZENSHIP Permitted		VISA-FREE TRAVEL 158 Countries

FAMILY > Investor and spouse > Dependent children up to age 28 > Parents of main investor > Citizenship passed on by descent

EXIT STRATEGY > Pure investment - no donation element > Main investment can be sold after three years > Investment can generate a good return

SECURITY > European citizens have the right to protection by the diplomatic or consular authorities of any EU country in a 3rd country (country outside the EU) where your home EU country is not represented by a consulate > Cyprus offers a great place to visit / live, it enjoys a strategic geographical position, offers excellent worldwide connections, has excellent infrastructure, a pleasant climate & is highly stable

VERY PRACTICAL > No tax consequences > No need to relinquish current nationality > No language requirement, medical test, interview

Benefits

FREEDOM > The freedom to live, work, travel, anywhere in the EU > EU citizens also enjoy the rights in Switzerland, Iceland, Lichtenstein & Norway which participate in the European Economic Area (EEA)	BUSINESS > Free trade within EU, business access to 500 million EU citizens > Establishment & free movement of services & goods
MOBILITY > Unrestricted right to live, work, travel & study anywhere in the EU > Visa-free travel to 158 countries	EDUCATION & HEALTH > European citizens have the right to attend schools or universities within any EU country for free or with reduced tuition rates, as applicable > European citizens can access the established 1st-class EU health care systems

Investment criterion

Citizenship may be obtained through a secure property investment, the financial criterion is as follows:

€2 Million investment in residential real estate (in a single property or portfolio)

Parents of the main investor can be included in the application provided that they purchase a permanent residence property with a value of at least €500.000. This amount can be pooled in the main investment if preferred.

Application criteria

APPLICATION CRITERIA In addition to making a real estate investment applicants must also meet the following criteria / supply the following documents: > Passport (copy) > Birth certificate > Police clearance certificate > Marriage certificate (if applicable) > Detailed biography
APPLICATION FEES
GOVERNMENT FEES > Submission fee €2,000 per adult, minor child €80 > Approval fee €5,000 per adult	TAXES > Vat may be reduced to 5% on the 1st property purchase (1st 200m²), instead of 19% > Additional taxes & duties approximately €4,000
CONDITIONS 1. The main investment may be sold after 3 years; however, the investor must always maintain / purchase a property with a value of at least €500,000 2. Property purchased up to 3 years prior to the submission of the citizenship application will count towards the required investment 3. Applicants must hold a clean criminal record from the country of origin & country of residence if different & their name must not be on the list of persons whose property is ordered to be frozen within the EU

All nationalities are eligible to apply & the requirements & process are very straightforward.