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Cyprus Investment Program

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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.

seperator

Enquire

Please use the form below to provide us with some basic information, an office representative will contact you as soon as possible.
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I am interested in obtaining Citizenship through investments
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Head Office:
33 Nicodemou Mylona
Pafos, CY8101
Cyprus
T: +357 26 848 800
F: +357 26 934 910
E: info@pafilia.com
Freephone: 8000 89 89
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Limassol Office:
307-309
28th October Avenue
Limassol, CY3105
Cyprus
T: +357 25 590 880
E: info@pafilia.com

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Moscow Office:
12 Kransopresnenskaia
Naberezhnaia
Poz'ezd 6, Office 1032
Moscow, Russia
T: +7 (495) 258 1970 /71
F: +7 (495) 258 1970 /71
E: russian@pafilia.com
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Beijing Office:
Room 3305, No.6 Building
Jianwai SOHO
No.39 East 3rd Ring
Middle Road, Chaoyang
District, Beijing, China
T: +86 136 6102 2984
E: info@pafilia.cn.com
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South East Asia Office:
Level 46, Bitexco Financial Tower
2 Hai Trieu Street
District 1
Ho Chi Minh, Vietnam
T: +84 28 6287 5911
M: +84 777 686 019
E: b.winter@pafilia.com
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Athens Office:
Corner 58 Kafkasou &
52 Skopelou Streets
Kypseli
Athens
Greece
T: +30 210 2717100
E: info@pafilia.gr
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