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Why choose Cyprus?
A modern country that effortlessly marries European culture with keeping the glory of ancient heritage. Cyprus has something to offer every month of the year to its comers to enjoy golden beautiful beaches with crystal clear waters, pine-scented forests, superb climate, safe and stable settings ideal for luxurious life style. It is recently being known as a very appealing destination for non EU foreign nationals who are seeking to obtain permanent residency and citizenship statuses in one of EU countries by satisfying investment’s specific criteria.
In 2013, an announcement by the Ministry of Interior of the Republic of Cyprus was issued, stating that Immigration Permits (Citizenship and Permanent Residence) will be issued to third country nationals if they fulfil certain criteria and terms.
Timeline & Procedure
The Cypriot passport can be obtained within 3 months.
|Month 1-2||Step 1||Selection of the appropriate investment option. File Preparation process beings.
Collection of documents, office fees, government fees and initial deposit in Cyprus is due at this stage.
|Month 2-3||Step 2||Investment is made in the selected option|
|Citizenship File submission to Civil Registry and Migration Department|
|Month 4-6||Step 3||Issuance of “Approved in Principal Letter’’ by the Civil Registry and Migration Department|
|Step 4||Naturalization Certificate is issued|
|Step 5||Submission of passport application. Issuance of passport|
Visa Free Travel
Antigua & Barbuda
British Virgin Islands
St Kitts & Nevis
St Pierre & Miquelon
Trinidad & Tobago
Turks & Caicos
Papua New Guinea
Wallis & Futuna
Bosnia & Herzegovina
Estonia Faroe Islands
Isle of Man
The applicant must own a permanent residence in Cyprus with a minimum value of € 500,000 (excluding VAT) in addition to the one of the following investment schemes with maintaining it for the required duration of 3 years.
Α.1) Investment in Real Estate, Land Development and Infrastructure projects: The applicant must invest at least €2 million for the purchase or construction of immovable property or development creation such as residential or commercial developments, developments in the tourism sector or other infrastructure projects
* In cases where the applicant invests at least €2 million in one or more residential properties then the applicant is not required to further purchase another residence
Α.2) Investment in Financial Assets of Cypriot Companies or Cypriot Organizations:
The applicant must invest €2 million in order to purchase, create or participate in businesses or companies based and operating in the Republic of Cyprus. These businesses or companies must have a physical presence in Cyprus, substantial activity and a significant turnover and must also employ at least 5 Cypriot citizens or European Union citizens who during the five years preceding the filing of the application were residing in the Republic of Cyprus;
Α.3) Investment in Alternative Investment Funds or Financial Assets of Cypriot Companies or Cypriot Organizations that are licensed by CYSEC :
The applicant must invest at least €2 million in Alternative Investment Funds established in Cyprus, licensed and supervised by the Cyprus Securities and Exchange Commission and exclusively making their investments in the Republic of Cyprus.
Α.4) Combination of the aforementioned investments:
The applicant may proceed with a combination of the above, provided that the total investment will amount to a minimum of €2 million
Within this criterion, the applicant may include the purchase of special government bonds of the Republic of Cyprus of up to EUR 500,000.
*In case that the purchase value of the permanent privately owned residence in Cyprus exceeds the amount of €500,000, part of this additional amount can be used for purposes of supplementing the total amount of the investment made on the basis of the criteria of Part A above.
According to the decision of the Council of Ministers dated on March 19th, 2014, Scheme for Naturalization of investors in Cyprus by Exception on the basis of subsection (2) of section 111A of the Civil Registry Laws of 2002-2013 had been approved.
On the basis of the Scheme, a non-Cypriot citizen, who meets one of the investment schemes criteria (A), either personally or through a company may apply for the acquisition of the Cypriot citizenship through naturalization by exception.
On September 13th,2016, the Council of Ministers has introduced a Decision amending the criteria for acquiring the Cyprus Citizenship by Investment. The main amendments relate with the reduction of the minimum investment amount to €2 million and the inclusion of the investors’ parents: Investors’ parents can also apply for obtaining the Cyprus Citizenship along with the investors’ minor and adult dependent children (up to the age of 28).
More About Cyprus
Cyprus citizenship offers two golden programs, one for citizenship and the other for permanent residency. The two citizenship schemes are quick and efficient at acquiring a residency and second passport. Cyprus is a part of the European Union and the primary language spoken on the island is English.
Applicants can obtain permanent residency through purchase in real estate. It is one of the simplest and quickest investor visa programs. It requires investors spend just €500,000 to purchase property to gain the residency permit in Cyprus. The residency visa covers the entire family and can be obtained in just two months. It includes the main applicant and spouse, dependent children below the age of 25 and parents of the applicant and spouse. It is a lifetime investment and residency that can be passed down to your spouse and dependents.
Investors will have the privilege of ease of travel throughout the European Union and family members will be expected to visit Cyprus just once in two years. The investment of property can even be two separate properties provided it reaches the limit. It must be brand new property purchases.
Citizenship by Investment
Cyprus provides the most assured and quickest route to European citizenship and second passport through the citizenship by investment program. For real estate an investment €2 million is required. It is a unique citizenship program which can be obtained within 6 months of making a property investment. An EU citizenship and Cypriot passport will give you the freedom to work, live anywhere in Europe, travel and study.
Why would you choose Cyprus?
Cyprus has a favourable tax plan for businesses and individuals. The main language is English with over 80% of people speaking it. And it is an excellent country to further your children’s education. There is a good standard of healthcare facilities and educational institutions. Cyprus is located strategically across three continents which include Europe, Africa and Asia.
We have our real estate specialists in-house to assist our clients with purchasing of real estate and easy paper work to gain citizenship by investment in Cyprus. To qualify for the residency or citizenship under real estate, the value of purchase should be €500,000 and €2 million respectively. You must keep the real estate in your possession for up to 5 years, and if you plan to sell it, it can be done once the years of stipulation has passed, but you still get to retain the citizenship which can then be passed down for generations to come.
“Bluemina has a great professional team, my application was completed and submitted within days.”
“Bluemina took care of the whole process, I just handed my documents and left the rest to them.”
“Bluemina is all about service. Very smooth and easy application.”
“Received my passport in 2 and a half months from Bluemina.”
“Bluemina really helped me decide what citizenship program was right for me and my family.”
“Have had my passport for 5 years, still recommend Bluemina to my friends and collegues.”