Cyprus Investment Programme
Cyprus Investment Programme
The Cyprus Investment Programme was recently amended. The particular programme grants Cyprus Passports.
- The minimum investment requirement has been reduced to €2.5 million. Previously the minimum was set at €5 million.
It is noteworthy that the sum of €2 million minimum investment is accepted under the condition the funds are invested in residential property. Each residential property must be worth €500,000 or more and must be registered as the private resident of the investor.
- Parents of applicants may also entitled to apply for a Cyprus Citizenship as long as they invest an additional amount of €500,000 in a residential property.
- Investments made in Government Bonds have been restricted to €500,000.
- The Collective Investment Scheme is not accessible anymore.
- The Bank Deposit alternative is not accessible anymore.
- Diverse economic factors are offered.
The Cyprus Investment Programme provides multiple advantages including:
- Six months expected timeframe for the examination of the application.
- Cyprus permits Dual Citizenship.
- After acquiring the Cypriot citizenship, holders are not required to reside in Cyprus.
- A Cyprus Citizenship allows holders to travel without a visa to more than 150 countries across the world.
- There is no language requirement.
