CYPRUS

Description

Cyprus- Citizenship by investment

Cyprus … a country based on an island in the eastern Mediterranean basin and is the third largest of its islands.

Despite its rocky terrain, it has warm, beautiful sandy beaches that attract tourists from all over the world, there are two mountain ranges on the island: the Kyrenia and the Troodos Mountains. The latter is particularly interesting with its highest peak being the legendary Olympus Mountain which reaches an impressive height of 1.951 meters.

Cyprus is located in the Mediterranean Sea, to the south of Turkey, to the west of Syria and Lebanon, and southeastern Greece. Its total area is 9.251 km2, and its population is 1.193.461. The capital is Nicosia, the official language of the country is both Greek and Turkish, and the currency is the Euro. It should be noted that Cyprus is a country of the European Union.


How to obtain citizenship by investment in CYPRUS?

Applicants and his family under CYPRUS Citizenship by Investment Program must choose one of two potential routes to citizenship:

  • First option:

Buying a property worth €500.000 with a pledge not to sell it for life + donating to the state amounting to €150.000 + real estate investment.

He must also buy real estate worth €2.000.000 with a pledge not to sell it for 3 years.

  • Second option:

Buying a property worth €500.000 with a pledge not to sell it for life + donating to the state amounting to €150.000 + commercial activity.

Where he must also buy or create or participate in Cyprus trade and companies so that:

  • The minimum investment in this activity should not be less than €2.000.000.
  • Companies must employ at least 5 citizens from Cyprus or the European Union.
  • Maintaining this investment for at least 3 years.

– But if the applicant wants to obtain citizenship alone without his family then he must:

Buy a property worth €500.000 with a pledge not to sell it for life + a donation to the state amounting to €150.000 + real estate investment or commercial activity worth €1.500.000 and keep it for 3 years.


Benefits of CYPRUS Citizenship by investment Program:

  • The ability to include the spouse and children under the age of 18 in the main application.
  • The ability to pass one’s citizenship to future generations by descent as it is a first-class citizenship.
  • Dual Nationality: No obligation to relinquish current nationality.
  • No language requirements for residence or citizenship.
  • Full confidentiality in carrying out the procedures.
  • Paying the minimum fees for executing the transaction, while the major investment value is paid after the government’s approval of the citizenship application.
  • No interview, education, or management experience required.
  • No requirement to reside in CYPRUS, only pay one visit at least.
  • One of the fastest citizenship programs by investment in Europe where citizenship can be obtained in about six months since the application is submitted.

What are the advantages of obtaining citizenship from CYPRUS?

  • Access more than 147 countries with CYPRUS visa-free including Europe’s Schengen area, China, Japan, and Canada.
  • Ownership of the 16rd ranked passport in the world.
  • Lowest tax rates.
  • Good living and first-class healthcare system.
  • The right to study, live and work in any of the 28 European Union countries.
  • Various educational opportunities and studying at the most powerful universities in the world.
  • Cyprus is a peaceful and politically stable country.
  • The possibility of establishing a company in any country in the world.
  • Free trade within the European Union.

Required Documents for application:

  • Copies of valid passports.
  • Birth certificate for all applicants and a marriage certificate.
  • Clear criminal record.
  • Certificate of Academic Achievement.
  • A bank financial statement with proof of a legal source of income
  • Medical examination (health certificate that it is free of diseases)
  • CV and recommendation letters.
  • A valid Schengen visa.
  • Was not rejected to obtain investment citizenship by an EU country.
  • Does not have frozen assets as a result of sanctions within the European Union.

Steps to Obtain Citizenship by Investment From CYPRUS:

  • Sign the contract with NTL and make the down payment.
  • Visiting Cyprus, opening a bank account, establishing a company, or purchasing a property. NTL arranges real estate and investment offers and also arranges a meeting with the legal representative to provide biometric data (fingerprints).
  • Purchasing a property.
  • Prepare ALL the Required Documents by the investor, send them to NTL to check and translate.
  • Submit the application for permanent residence and citizenship.
  • The residence permit is first issued to all applicants and after 2-3 months, approval of citizenship is issued.
  • After 6 months of the issuance of the residence permit, the citizenship certificate is issued.
  • Handover or sending the “Naturalization Document” and the Passport to a convenient place.
Note: If there is difficulty in carrying out the second step, NTL can help, and it will arrange appropriate facilities and provide advice to help the applicant skip this step.
Cyprus Visa free traveling NTL

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