|LOCATION||Is located in the Mediterranean sea. To the south of Turkey, to the west of Syria and Lebanon, to the northwest of Israel, and to the southeast of Greek mainland.|
|POLITICAL STATUS||a unitary presidential representative republic|
|LANGUAGE||Greek – Turkish|
|DATE OF INDEPENDENCE||1 October 1960|
|GOVERNMENT TYPE||Unitary presidential constitutional republic|
|LEGAL SYSTEM||Cyprus law adopts precedents derived from the English Common Law for Stability and Finalism. The Republic of Cyprus is a democracy with a presidential system of government. The President is elected for a term of five years directly by the people in secret ballot with universal suffrage.|
The Republic of Cyprus is an independent island State, Nicosia is the capital. Cyprus has a long and ancient history where the island was inhabited more than 10,000 years ago in ancient times. It was one of the most powerful and rich countries in the Mediterranean, and the ideal location made it a very desirable piece of land for other countries.
Over the years, many countries fought for Cyprus to be their own including the Ottoman and British empires. However, in 1960 Cyprus finally gained its independence from Britain and became the Republic of Cyprus.
The country has beautiful sandy beaches that attract tourists from all over the world where the terrain on the island is mostly rocky. There are two mountain ranges on the island: the Kyrenia and the Trudos Mountains. The latter is particularly interesting with its highest peak being the legendary Olympus Mountain which reaches an impressive height of 1.951 meters.
Applicants under Cyprus Citizenship by Investment Programme must choose one of the potential routes to citizenship:
Benefits of Cyprus citizenship program:
Benefits of the program:
The Features of Cyprus passport:
Currently, Cyprus citizens can travel to more than 155 countries without the need to follow a cumbersome visa application process. A vast majority of these countries allow Cyprus citizens to stay 30 to 90 days without any visa requirement while some countries grant visas upon arrival or issue electronic visas upon online application.
CYPRUS PASSPORT ALLOWS VISA-FREE AND VISA ON ARRIVAL TRAVEL TO MORE THAN 155
THE MAIN STEPS TO GET CYPRUS CITIZENSHIP BY INVESTING:
The process may be simplified into the following steps:
Visit Cyprus as a first step, NTL will arrange the offers either for real estate or investment, and meeting with a legal representative. If investors cannot visit in this stage, they can choose and reserve a property remotely with the help of NTL.
After choosing the appropriate investment, the due diligence and all supporting documents will be submitted. Also, once applying for citizenship a permanent residence permit for less than two weeks will also be submitted. Each applicant is required to be a Public Relations Cardholder for at least 6 months prior to receipt of the passport / national ID card.
Biometric data must be provided, either during the visit of Cyprus or by visiting certain Cypriot embassies at one of these cities: London, Moscow, and Pretoria can offer this service. It is also possible at this stage that investors collect their residence permit cards.
Approval in principle, the time frame which set by the government to check the citizenship application is 3 months from the date of application. At this point, the applicant will receive an “original” certificate.
Once you receive an application approval from the Ministry of Interior, the procedure for the acquisition of the Cypriot citizenship will be concluded, following the completion of a 6 month period holding the residence permit.
Under this option, the main applicant has to purchase or construct a real estate project with an investment value of not less than 2 million €. Also, the main applicant can choose to acquire a land that is under development as long as the demand is accompanied by a development plan. Agricultural land is not considered an eligible investment under this option.
Under this option, the main applicant must purchase the financial assets of Cyprus companies organized by the Cyprus Securities and Exchange Commission, such as the units of alternative investment funds (AIF) and bonds/shares/securities/bonds of Cypriot companies (organized by the Cyprus Securities and Exchange Commission). This purchase needs a value of not less than 2 million € .Besides, this investment must be maintained for at least 3 years by the Principal Applicant from the date of purchase.
The main applicant must either purchase, establish or participate in businesses or companies that based and operate within the Republic of Cyprus. The minimum investment in this activity it must not be less than 2 million €. And the companies require to employee at least 5 citizens of Cyprus or EU. In addition, if more than one application for citizenship is made while using the same company, the number of employees required for increasing. The staff members referred to shall have been resident in Cyprus for at least 5 years prior to the submission of such application.
A senior member of a company can also apply for citizenship if his / her remuneration in the company earns a local tax income of € 100,000 or more over a period of 3 years, provided that it maintains its investment in the said company for a further 3 years granting the citizenship day.
Under this option, the main applicant can choose to invest in a range of investment options listed above. However, the total value of the combined investments must not be less than 2 million €.