Cyprus Investment Programe

The Cyprus Investment Program is the best solution for those who care about their future and want to make a profitable and efficient investment. At the moment, the investment program operating on the island is considered one of the most loyal and profitable in the EU. It allows obtaining a passport of a Cypriot citizen in a short period of time.

Advantages of investing in real estate in Cyprus

The investment program is officially adopted in the European Union. Therefore, its participants receive many benefits:

  1. Become full-fledged citizens of the EU and receive all rights without restrictions to live, work, own and run a business, and study in any country of the European Union.
  2. It is possible to apply for citizenship for the whole family. The program provides citizenship to the spouse, parents and financially dependent relatives (children).
  3. Cyprus law does not prohibit dual citizenship.
  4. Investment is remunerative and is refundable.
  5. Participants in the Cyprus Investment Programme have tax breaks and exemptions.
  6. Simple procedure for participation in the program. After providing the necessary documents and application form, the consideration is 6-9 months.
  7. Freedom of movement. You get a visa-free entry into all EU countries, as well as Canada and Australia.
  8. You do not have to take the language and history exam.
  9. As a Cypriot citizen, investors and their loved ones have the opportunity to live, work and study in the EU.

How to become a participant in an investment program

In order to obtain a passport of a Cypriot citizen under the investment program, you must invest at least €2 million in real estate.

At the same time, be sure to buy a residential property for personal residence worth at least € 500,000 and pay VAT. It is also obligatory to make a charitable contribution in the amount of EUR 150,000. In addition, you will need to provide a certificate of criminal record, a sales contract, confirming the direct investment in the property and a receipt of payment.

The assets must be kept for 5 years, after the expiry of the period they can be sold with profit, while the passport of a Cypriot citizen remains for life.

Stages of buying a property

Before obtaining a passport, you must go through the full procedure of buying a residential or commercial property. It is quite complicated and consists of 7 stages:

  1. Selecting a property.
  2. Approval of the preliminary contract.
  3. Opening a bank account.
  4. Conclusion of the contract of purchase and sale.
  5. Registration of the contract in the land commission.
  6. Conducting settlements with the seller of real estate.
  7. Registration of the right of free use of real estate.

Our division Crona Property will provide professional support and advice at every stage. In our company you can buy ready-made real estate or create your own unique construction project.