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  • CYPRUS
  • Citizenship by Investment

CYPRUS

Cyprus is a 9,251 km² country with a population of 1.1 Million people. The country became an EU member state in 2004 and is one of the most attractive business places in the EU. Cyprus is one of the most open and business friendly countries in the world, with favorable taxation system, amazing climate and culture. The country has an excellent education system, with several UK universities on the island. It has a lowest crime rate in European Union and is the 5th safest country in world.

Cyprus is a country alongside Malta, which has a citizenship by investment program in EU. The Cyprus citizenship by investment program has been updated several times. The last amendment was made on 13th September 2016, by which the government reduced the amount of investment from 2,5 Million to 2 million Euros. The reason for implementing this program was to boost Cypriot economy and with the unique opportunities as a result there have been 3 billion Euro foreign direct investments.

Application Procedure:
  • The investor must make a 2 Million Euro investment in one of the following projects:
    • Commercial properties
    • Residential properties
    • Development projects
    • Government bonds (Max. 500,000 Euro, the remaining 1.5 Million must be invested in other options)
    • Buying or establishing Cypriot companies
    • Investment funds, or financial assets of Cypriot businesses or organizations
    • Combination of aforementioned alternatives
  • The investor must keep investment for at least 3 years
  • The investor must have a clear criminal record
  • The program includes family members (parents, spouse and adult children). The family members must have a clear criminal record too
  • The investor must have a private residence worth at least 500,000 Euro. If the investor wants toinvest in residential property, those rule does not apply
  • Due to an EU regulation, before applying to the Cypriot Citizenship, it is mandatory the applicant to have a residence permit in Cyprus. Therefore, the applicant can submit an application for the residence permit and it will be issued simultaneously with the filing of the citizenship application.
Benefits of Cypriot Citizenship:
  • Cyprus citizen is a citizen of EU. It means that the holder of the Cypriot Passport can travel, study, live and work throughout the European Union. The country has a visa free access to 157 countries.
  • Cyprus does not ask the investor to renounce his/her primary citizenship. Dual citizenship is permitted in Cyprus.
  • The procedure for obtaining the citizenship needs 3 months.
  • There is no mandatory requirement to reside in Cyprus
  • There is no mandatory history and language testo no need to donation to Cyprus government
Capital

Nicosia

Location

Located in the continent of Asia, Cyprus shares land borders with only one country, United Kingdom.

Language

Greek,Turkish

Currency

Euro (EUR)

Government

Unitary presidential constitutional republic

Area

9,251 km2

Population

1,170,125

Time Zone

EET (UTC+2) | Summer (DST) EEST (UTC+3)

  • Reasons to choose Cyprus?

    • Amazing climate and food
    • Cyprus citizen is a citizen of EU. It means that the holder of the Cypriot Passport can travel, study, live and work throughout the European Union. The country has a visa free access to 157 countries.
    • Cyprus does not ask the investor to renounce his/her primary citizenship. Dual citizenship is permitted in Cyprus.
    • The fast-track procedure.
    • There is no mandatory requirement to reside in Cyprus
    • There is no mandatory history and language test
    • After 3 years the investor is able to reclaim the investment i.e. there is no gift or donation to the government.
  • Visa Free

    Visa-Free/Visa-on-arrival: Albania, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Austria, Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Bermuda, Bolivia, Bonaire, Sint Eustatius and Saba, Bosnia and Herzegovina, Botswana, Brazil, British Virgin Islands, Brunei, Bulgaria, Cambodia, Cape Verde, Cayman Islands, Chile, Colombia, Comoros, Cook Islands, Costa Rica, Croatia, Curaçao, Czech Republic, Denmark, Djibouti, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Estonia, Falkland Islands (Malvinas), Fiji, Finland, France, French Guiana, French Polynesia, Gambia, Georgia, Germany, Gibraltar, Greece, Grenada, Guadeloupe, Guatemala, Haiti, Honduras, Hong Kong, Hungary, Iceland, Indonesia, Iran, Iraq, Ireland, Israel, Italy, Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, Kosovo, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Lithuania, Luxembourg, Macau, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Montenegro, Montserrat, Morocco, Mozambique, Nepal, Netherlands, New Caledonia, New Zealand, Nicaragua, Niue, Norway, Oman, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Poland, Portugal, Qatar, Romania, Réunion, Saint Barthélemy, Saint Kitts and Nevis, Saint Lucia, Saint Martin (French part), Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Samoa, Sao Tome and Principe, Senegal, Serbia, Seychelles, Singapore, Sint Maarten (Dutch part), Slovakia, Slovenia, Solomon Islands, South Africa, South Korea, Spain, Swaziland, Sweden, Switzerland, Taiwan, Tajikistan, Tanzania, Thailand, Timor-Leste, Togo, Tonga, Trinidad and Tobago, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates, United Kingdom, Uruguay, Vanuatu, Venezuela, Wallis and Futuna, Zambia, Zimbabwe

    Electronic Authorization: Australia, Canada, Gabon, India, Myanmar, Norfolk Island, Sri Lanka, Turkey

    Visa required prior to arrival: Afghanistan, Algeria, American Samoa, Angola, Azerbaijan, Benin, Bhutan, Burkina Faso, Burundi, Cameroon, Central African Republic, Chad, China, Congo Republic, Cuba, Côte d'Ivoire, Democratic Republic of the Congo, Equatorial Guinea, Eritrea, Ethiopia, Ghana, Guam, Guinea, Guinea-Bissau, Guyana, Liberia, Mali, Mongolia, Namibia, Nauru, Niger, Nigeria, North Korea, Northern Mariana Islands, Pakistan, Puerto Rico, Russia, Rwanda, Saudi Arabia, Sierra Leone, Somalia, South Sudan, Sudan, Suriname, Syria, Tunisia, Turkmenistan, U.S. Virgin Islands, United States, Uzbekistan, Vietnam, Yemen

    Entry denied: libya

CITIZENSHIP BY INVESTMENT PROGRAMS

ANTIGUA & BARBUDA

Citizenship By Investment

CYPRUS

Citizenship By Investment

DOMINICA

Citizenship By Investment

GRENADA

Citizenship By Investment

MALTA

Citizenship By Investment

SAINT LUCIA

Citizenship By Investment

ST. KITTS & NEVIS

Citizenship By Investment



 

ST. KITTS & NEVIS

Kennylin House, New Street
Basseterre, St. Kitts KN.


P.O.BOX
440

Tel
+(1869) 465 2878

Fax
+(1869) 465 6077

Email
skn@bayatgroup.com


 

ANTIGUA & BARBUDA

Roberts Building 60 Nevis Street,
St. John’s, Antigua.


P.O.BOX
1301

Tel
+(1268) 462 0076

Fax
+(1268) 462 3077

Email
atg@bayatgroup.com


 

MONTREAL (CANADA)

3418 Stanley Street #R1
Montreal, Quebec, Canada H3A 1R8.

Tel
+(514) 845-0232

Fax
+(514) 845-0203

Email
mtl@bayatgroup.com


 

NEW YORK (USA)

1Barker Ave, White Plains,
NY 10601, United States.

Tel
+1 914-793-2626

Email
mtl@bayatgroup.com


 

PARIS (FRANCE)

91 , Rue de l' Université
75007 France.


Tel
+335 385 93 00

Fax
+334 551 0119

Mob
+336 801 7808

Email
paris@bayatgroup.com


 

DUBAI (U.A.E)

Suite 2302, Al Moosa Tower II, Trade
Centre area, Sheikh Zayed Rd, Dubai, U.A.E.


P.O.BOX
32422

Tel
+(9714) 355 4646

Mob
+(97150) 624 4646

Fax
+(9714) 355 2357

Email
dxb@bayatgroup.com


 

ABU DHABI (U.A.E)

Level 17, The Offices World trade Center Central Market, Al Markaziya, Abu Dhabi, UAE.


P.O.BOX
3876

Tel
+971 2 654 4086

Mob
+971 52 450 5922

Email
aud@bayatgroup.com


 

KUWAIT

Sahab Tower, level 18 Salhia,
Kuwait city, Kuwait.

 

Tel
2227 3887


 

ROSEAU (DOMINICA)

14 Great Marlborough, Roseau,
Commonwealth of Dominica.

Tel
+1 (767) 612 8290

Mob
+(1 767) 277 8399

Email
dom@bayatgroup.com


 

BEIRUT (LEBANON)

Suite 2029, Louis Vuitton Building
Allenby St. Beirut Souks Area,
Beirut, Lebanon

 

Tel
+(961) 1 957561

Email
bei@bayatgroup.com


 

JEDDAH (KSA)

Level 26 King’s Road Tower, King’s Road, Kingdom of Saudi Arabia.

P.O.BOX
Box 40469, Jeddah 21499

Tel
+966 (12) 229 3248


 

GEORGIA

Freedom Square 4a,
Tbilisi, Georgia.

Tel
+(995) 3 22 424252

Email
tbs@bayatgroup.com


 

KUALA LUMPUR (MALAYSIA)

Menara Standard Chartered,
Unit 35-3
.

Tel
+60 (32) 110 9000

Email
kul@bayatgroup.com