European passport property investment

European passport property investment in Cyprus

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European Passport Property Investment

The Island of Cyprus offers one of the most efficient programs for obtaining European Passport by Citizenship and Permanent Residency through property investment. The process are prompt and efficient. Centasource will help and guide you through the process. Contact us for more information regarding European Passport Property Investment program.

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Cyprus is Europe's best kept secret

As the safest country in the European Union and the fifth safest country in the World, Cyprus is an attractive place to do business and a unique place to reside.

Individuals looking to invest through real estate, take advantage of the Island’s unique strategic location, enviable Mediterranean lifestyle, warm climate, excellent infrastructure and fast growing tourism. Cyprus also offers the most favourable incentives in the area of taxation. Hence if you’re in quest for European Passport Property Investment programs consider Cyprus. Cyprus Passport or an EU Passport can be acquired via property investment.

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European Passport Property Investment

THE CYPRUS

European Passport Property Investment

PROGRAM

The ‘Citizenship by investment’ program enacted by the Cyprus Government in the past few years, rightfully renders Cyprus as the ‘jurisdiction of choice’ for many high net worth individuals and their family who decide to live, invest and set up their business in Cyprus.

The Citizenship by investment by Cyprus Government was put in place recently, rightfully renders Cyprus as the ‘jurisdiction of choice’ for many high net worth individuals and their family who decide to live, invest and set up their business in Cyprus.

6

Time to citizenship (months)

2000000

Minimum Property Investment

2

Dual Citizenship allowed

Covers the Whole Family
(Including children up-to 28 years and dependents)

Valid for life

Includes Investor’s parents

(Provided they purchase a property worth € 500K+VAT)

Investment criteria and conditions

  • Cyprus Citizenship may be obtained through a secure residential property investment of €2 Million, provided the investor maintains a residential property to the value of €500, 000 (Plus VAT) as a main residence
  • The investment can be single property or portfolio
  • When the investment includes any commercial or touristic units, or land, then the total investment should be €2.5 Million, provided the investor maintains a residential property to the value of €500,000 (Plus VAT) as main residence
  • The main investment may be sold after a period of three years, however the investor must always maintain / purchase a property with a value of at least €500,000 (Plus VAT)
  • Clean criminal record is required
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BENEFITS

European Passport Property Investment

12

Global Passport rank (Passport Index™ 2016)

158

Destinations visa free travel accessible

Cypriot passport holders can quickly and effectively obtain visa for other countries including the USA, Australia offers an instant online visa application for European Citizens

FAST & SIMPLE
Cyprus EU Citizenship by investment can be obtained within 6 months
FREE MOVEMENT
Citizens have the right to live, work, study within the EU, Visa free travel to 158 countries including Canada
PROTECTION
Protection by the diplomatic or consular authorities of any EU country
LANGUAGE
There are no language requirements
DONATION
No donation to the Cyprus Government is required
RIGHT TO VOTE
All citizens have the right to vote and stand for parliament elections
DUAL CITIZENSHIP
No need to renounce previous nationality
VALID FOR LIFE
Citizenship can be passed to future generation by descent
NO TAX CONSEQUENCES
Unless one opts to become a tax resident in Cyprus
EU Residency Investment Programs
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European Passport Property Investment PROCESS

TO EUROPEAN PASSPORT | CITIZENSHIP

1

Select Real Estate Investment

  • Investor select property/ies
  • Purchase agreement signed
  • Full payment of Real Estate Investment
  • Receipt issued by developers (required for application)
2

Preparation of documents

  • All documents prepared by applicant to be translated in Greek | English
  • After above documents are certified
  • Documents are certified by ministry of Foreign Affairs & Relevant Cyprus Embassy
3

Pre Clearance check

  • Appointed lawyer completes a pre- clearance check
4

Application of PR & Citizenship

  • The investor applies for Permanent Residency (Fast track) together with his/her application for Cyprus (EU) Citizenship
5

Payment of Fees & Submission

  • Payment of submission fees per adult applicant
  • Application lodged at the Ministry of Interior
6

Issue of EU Citizenship

  • Issuance of Cyprus (EU) Citizenship certificates
  • Certificates to be signed by the applicant within three months of receiving approval in front of a Cypriot court or a Consular at any Cypriot Consulate abroad
  • Issuance of passports of the main applicant and their spouse
7

Applications of immediate family members

  • Submission of applications of Investor’s children and parents to be naturalised
8

Issue of EU Citizenship for family

  • Issuance of Cyprus (EU) Citizenship certificates of Investor’s children and parents
  • Investor’s adult children / parents must visit Cyprus within three months to collect their passports and identity cards
9

And that's all

  • Centasource would provide seamless support to guide you
  • Our dedicated team on hand would be their to assist you through out the process

Cyprus Overview

  • Full member of the European Union
  • Strategic Location : crossroads of three continents (Asia, Africa, Europe)
  • Foreign Direct investments for both EU and Non-EU nationals
  • Attractive Tax system (Double taxation agreements with 52 countries)
  • Credible and highly reputable financial centre, with full FATF compliance
  • Competitive modern and transparent legal, financial and regulatory framework
  • Significant economic memberships such as WTO, World Bank, IBRD and IMF
  • Member of the UN, Council of Europe and OSCE
  • Numerous International Banking Units & multicultural companies operating from Cyprus
  • Low set-up costs for companies
  • Highly skilled, educated and multilingual workforce at highly competitive fees
  • Excellent telecommunication systems
  • High standard of living & healthcare
  • Excellent public, private international schools, colleges and universities
  • Daily flights from major international Airports
  • Rich cultural history with ancient sites
  • Significant Natural Gas reserves in Cyprus’ exclusive economic zone
  • Most ‘Blue-flag’ beaches per coastline in the World
  • Cleanest bathing waters in Europe
  • High quality tourist facilities
  • Exclusive Golf resorts
  • Great nightlife
  • Cosmopolitan lifestyle
  • International 18-hole championship signature golf courses
  • Picturesque villages and mountains with pine forest
  • Pleasant Mediterranean climate

International ranking

4

Open market index (2015)

34

Global Innovation Index (2015)

World Economic Forum Report 2015-16
(Out of 144 countries)

4

Higher Education & Training

28

Goods Market Efficiency

34

Labour Market Efficiency