Financial Criteria:
1. The applicant is required to invest at least €300.000, in one of the following categories:
A. Investment in residential property/ies (excluding re-sale): An amount of at least €300,000 (plus VAT) should be invested and should be deriving from abroad. Proof of the payment of the amount of €300,000 (excluding VAT) should be submitted as part of the application. The applicant can invest in up to two (2) units. The property to be acquired must meet the needs of the size of the family of the investor(s). Where the acquisition of the property/ies took place over 1 year prior to the submission of the application, the investor will need to submit a recent Search Certificate issued by the Land Registry Department.
B. Investment in other property (including re-sale of properties), excluding residential properties: An amount of at least €300,000 (plus VAT, if applicable) might be invested in purchase of shops and/or offices and/or hotels and/or developments of similar nature or the combination of the above. Proof of the payment of the amount of €300,000 (excluding VAT) should be submitted as part of the application. Where the acquisition of the property/ies took place over 1 year prior to the submission of the application, the investor will need to submit a recent Search Certificate issued by the Land Registry Department.
C. Investment in the share capital of a company registered in Cyprus, with activities and personnel located in Cyprus: An amount of at least €300,000 to be invested in the share capital of a company, registered in the Republic of Cyprus, based and operating in the Republic. Said company should have a proven physical presence in Cyprus and should be employing at least five (5) individuals. The Company must produce a business plan including its financial targets, which should be submitted.
D. Investment in shares of a Cyprus Collective Investment Organisation (forms of AIF, AIFLNP, RAIF): The investor must submit a Memorandum of the Fund or a Business Plan.
2. The main applicant must also be able to demonstrate a secured annual income of at least €50,000. The said income may derive from employment income, dividend distribution, pensions, rents etc.
The amount of income will increase, in accordance with the number and type of dependent family members to be included in the application, as follows:
The following documents should be submitted as part of the application:
The Immigration Permit is initially issued to the main applicant and it extends to their spouse and underage children.
The following family members may be benefitted from the investment of the main applicant, however, separate application(s) should be submitted:
• Spouse – €15,000
• Underage children – €10,000 per individual
Cyprus offers many key benefits to foreign investors and their dependent family members who are looking for a jurisdiction that offers high quality standards of living, exceptional professional services.
Our team of professionals can advise you on the most suitable approach
and solution, tailored to your specific business and personal needs.
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confidentiality is our cornerstone.