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Cyprus Investment Programme

About the program

As a part of its policies aiming to further encourage Foreign Direct Investment and to attract high net worth individuals to settle and do business in Cyprus the Council of Ministers, on the 13th of September 2016, revised the “Cyprus Investment Programme” and, thus, established the new criteria and terms based on which non–Cypriot entrepreneurs/ investors and members of their families may submit applications in accordance with the provisions of the “Programme”.

Investing in Cyprus through Real Estate

At PRIME PROPERTY GROUP, we enable non-Cypriot investors to explore investment opportunities through real estate in Cyprus. With a long-standing experience in the sector and through transparent and premium services, we expertly manage the process of applying for citizenship via the Cyprus Investment Programme. Prime Property Group has been active in investment citizenship in Cyprus for more than 10 years. Our team specialists will assist you throughout the process which entails a straight forward procedure, sound and professional advice and a rich investment real estate portfolio to ensure a return on investment and solid capital growth.

The Cyprus Investment Programme enables investors to choose from a diverse offering of investment options and is a transparent and secure procedure.

Advantages of the Cyprus Investment Programme

Approved by the EU (being one of only two CIP programmes in Europe with official EU approval).
Cyprus legislation permits dual citizenship.
A straight forward and time-efficient route, enabling applicants to have their application reviewed in 6 months from the day of submission.
Residents of the Republic have the right to a visa-free entry into more than 150 countries.
The Programme allows for dual citizenship

The investment assets can be sold after 3 years and additional investment of €500,000 to be held as a primary residence, indefinitely.

Visa-free travel to more than 150 countries worldwide, including all the European Union member-states, Canada and Australia amongst others.

No requirement to make a donation to the local government.

Access to European Union markets, education system, working and traveling with the EU including other social and tax advantages.

Obtaining Cyprus citizenship through real estate enables applicants to complete the application process in less than 6 months. The fact that obtaining Cyprus citizenship throug the Cyprus Invesment Programm does not entail a residence permit or a visa, but rather full citizenship of the Republic of Cyprus makes the Cyprus Invesment Programme particularly attractive to persons who wish to make a complete relocation, invest in a new career choice or explore new investment markets.

INVESTMENT OPTIONS

Option 1: Investment in real estate, land under development and infrastructure projects

  • The Applicant has made an investment of at least €2,000,000 (excluding VAT and any transfer duties on land purchases)
  • The investment must involve the purchase or construction of buildings or for the construction of other land development projects (residential or commercial developments or developments in the tourism sector) or other infrastructure projects, including properties purchased after their initial sale (i.e. re-sales)

Option 2: Purchase or establishment or participation in Cypriot companies or businesses

  • The Applicant has made a purchase or has participated in companies or organisations established and operating in Cyprus with investment costs of at least €2m.
  • The invested funds must be channelled towards the financing of the investment objectives of these companies exclusively in Cyprus, based on a specific investment plan.
  • Such companies or organisations must have proven physical presence in Cyprus, with significant activity and turnover and employ at least five (5) Cypriot or citizens of European Union member-states
  • The minimum number of employees will be increased if more than one applicant invests simultaneously (or almost simultaneously) in the same business or company.

Option 3: Investment in Alternative Investment Funds (“AIFs”) or financial assets of Cypriot companies or Cypriot organisations that are licensed by the Cyprus Securities and Exchange Commission (“CySec”)

The Applicant has bought units with a value of at least €2m, from AIFs established in Cyprus and which are licensed and supervised by CySec.
These investments must be made in Cyprus exclusively.
These investments must meet the criteria of the Scheme or in areas approved by the Minister of Finance.

Option 4: Combination of the above investments

The Applicant may proceed with a combination of the above investments, provided that the total investment will amount up to at least €2m.
Within this option (combination of investments) the Applicant may purchase special government bonds of the Republic of Cyprus, up to €500.000, which will be issued by the Public Debt Management Office of the Ministry of Finance, on condition that the investor will retain these bonds for a three year period
The characteristics and the terms of these special bonds will be determined by the General and Special Issue Terms of the Government Bonds of the Republic.
Investments in government bonds through the secondary market are not considered eligible.

The most cost-effective invesment scenario is the acquisition of residential properties with a total value of €2 million, as there is no need to buy a residential property worth €500,00. When investing in government bonds and commercial properties, in addidtion to the investments of €2 million, the applicant is required to purchase a residential property (1 0r 2) worth €500,000

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