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Obtaining the Cypriot Citizenship through investments in Cyprus For Foreigners & Their Families

Our firm comprises of a specialised Immigration Department dealing exclusively with the Cyprus Permanent Residency Programme and the Naturalisation by Exception to obtain a Cypriot Passport - Citizenship Programme.

The dedicated Immigration Department has expertise in Property Law, Immigration Law and noteworthy experience in the immigration domain. Clients are offered a complete service and full legal support for all the actions that need to be executed in order to apply under the Cypriot Immigration by Investment Programmes or indeed any other immigration related matters arising in Cyprus. Additionally this Department provides services for corporate relocation either for local clients or international organizations seeking to establish a base and business in Cyprus.

The Republic of Cyprus  allows applications from foreign investors to obtain the Cyprus Citizenship by investment under the provisions of  the Council of Ministers’ Decision of 19 March 2014 which  brought into effect the Naturalisation By  Exception  Programme on the basis of Article 111A(2) of the Civil Registry  Laws of 2002-2013.

  • A non-Cypriot citizen that fulfils one of the Financial Criteria below, may apply for the acquisition of Cypriot Citizenship.
  • The applicant’s spouse and all financially dependent children up to the of 28 can apply  on the basis of the main applicant’s investment
  • The investments start at €2,5 million and the highest required investment amount is  €5 million
  • No residency required. Naturalisation can be granted in 3 months


Our Services

Our Law Firm has a dedicated Immigration Department and the team has extensive experience and expertise in the Immigration Law domain and especially in the immigration by investment programmes currently in force. We offer our clients a complete service and full legal support for all the actions that need to be executed in order to apply for and acquire the Cyprus Citizenship from start till the issuance of the applicant’s passports and identity cards.  We boast a 100% success rate and we are constantly liaising with all Governmental Departments for the follow-up of our clients’ and their children’s applications.

  • Bank Account opening and Introduction services with Cypriot Banks
  • Registration of Cypriot Company and administrative services
  • Registration of Cypriot Trust
  • Legal Due Diligence on real estate to be purchased
  • Preparation of Sale Contracts
  • Opening of Share Account at the Cyprus Stock Exchange
  • Opening of Depository Account at the Cyprus Stock Exchange
  • Preparation of all documents relating to the application from the outset of the process
  • Issuance of the passports and ID’s


Our firm also offers a full-range of legal services.

The Financial Criteria

Applicants may choose a €5 million investment or a €2,5 million investment from below and hold it for 3 years

  • Investments in Government Bonds of at least €5 million or €2,5 million under a collective investment* or
  • Investments in financial assets (debentures, securities or bonds) of Cypriot businesses of at least €5 million or €2,5 million under a collective investment* or
  • Investments in Real Estate, Developments and Infrastructure Projects of at least €5 million or €2,5 million under a collective investment* or
  • Purchase or participation in Cypriot companies whereby the applicant must have purchased, registered or participate in Cypriot companies of at least €5 million or €2,5 million under a collective investment*. The businesses must have physical presence in Cyprus and employ at least 5 Cypriot citizens or
  • Fixed-term deposits in Cypriot banks of at least €5,0 million for 3 years or
  • A Combination of the above Financial Criteria of least €5 million or
  • Deposits with the Popular Bank Public Company Limited (Laiki Bank) that have been impaired amounting to €3 million. If the impairment is less, additional investments are required

    *Applications with investments of €5 mill. will proceed individually while applications with investments of €2,5 mill. will from part of a group investment of €12,5 mill and will be submitted as a group.
     

The Conditions 

  • Clean Criminal Record from the country of origin and residence
  • Not included on the list of persons whose property is ordered to be frozen within the European Union.
  • Residence in the Republic of Cyprus: the applicant must own a permanent privately-owned residence, of at least €500,000 plus VAT. This condition may be satisfied with no further investment if the applicant purchases a residence within the financial criterion for the Investment in Real Estate.


The Advantages

  • Fast-track to Citizenship as the examination of the application is around 3 months
  • Under European Union Law, as citizens of a European Union Member State, all Cypriot nationals also have the right to work, freely travel to and reside throughout the Member States of the European Union
  • Right to reside in Cyprus without the need for any further formalities such as renewals and visas
  • Visa free/upon arrival travel to approximately 140 countries
  • Spouse and children up to the age of 18 can be added to the application for naturalisation. Children of ages 18 up to 28 can also be included in the application provided they are financially dependent students.
  • English is widely spoken
  • Legal system is based upon the English legal system and common law
  • No income tax implications unless residing in Cyprus for more than 183 days per year


Contact Us


This outline has been prepared for the assistance of clients considering to invest in Cyprus.

It is only intended to provide a brief summary of the main legal requirements and it is not intended to be a comprehensive guide in its scope. It is recommended that a client seeks legal advice prior to taking any steps to implement it. This outline has been prepared on the basis of the law and practice as at 28 February 2015.


Email:
immigration@tplaw.com.cy
info@tplaw.com.cy
npapaefstathiou@tplaw.com.cy
mclappa@tplaw.com.cy
dpapaefstathiou@tplaw.com.cy
ashiamaris@tplaw.com.cy


Telephone: +357 22 88 9999
Facsimile:  +357 22 88 9988


Tassos Papadopoulos & Associates LLC
Lawyers / legal consultants

2 Sofouli Street
Chanteclair Building
2nd Floor
1096 Nicosia
Cyprus

Our past, our experience are solid foundations. One thing they taught us is that sometimes we need to step back and look at things from a different angle.

Obtaining the Cypriot Citizenship through investments in Cyprus For Foreigners & Their Families

Our firm comprises of a specialised Immigration Department dealing exclusively with the Cyprus Permanent Residency Programme and the Naturalisation by Exception to obtain a Cypriot Passport - Citizenship Programme.

The dedicated Immigration Department has expertise in Property Law, Immigration Law and noteworthy experience in the immigration domain. Clients are offered a complete service and full legal support for all the actions that need to be executed in order to apply under the Cypriot Immigration by Investment Programmes or indeed any other immigration related matters arising in Cyprus. Additionally this Department provides services for corporate relocation either for local clients or international organizations seeking to establish a base and business in Cyprus.

The Republic of Cyprus  allows applications from foreign investors to obtain the Cyprus Citizenship by investment under the provisions of  the Council of Ministers’ Decision of 19 March 2014 which  brought into effect the Naturalisation By  Exception  Programme on the basis of Article 111A(2) of the Civil Registry  Laws of 2002-2013.

  • A non-Cypriot citizen that fulfils one of the Financial Criteria below, may apply for the acquisition of Cypriot Citizenship.
  • The applicant’s spouse and all financially dependent children up to the of 28 can apply  on the basis of the main applicant’s investment
  • The investments start at €2,5 million and the highest required investment amount is  €5 million
  • No residency required. Naturalisation can be granted in 3 months


Our Services

Our Law Firm has a dedicated Immigration Department and the team has extensive experience and expertise in the Immigration Law domain and especially in the immigration by investment programmes currently in force. We offer our clients a complete service and full legal support for all the actions that need to be executed in order to apply for and acquire the Cyprus Citizenship from start till the issuance of the applicant’s passports and identity cards.  We boast a 100% success rate and we are constantly liaising with all Governmental Departments for the follow-up of our clients’ and their children’s applications.

  • Bank Account opening and Introduction services with Cypriot Banks
  • Registration of Cypriot Company and administrative services
  • Registration of Cypriot Trust
  • Legal Due Diligence on real estate to be purchased
  • Preparation of Sale Contracts
  • Opening of Share Account at the Cyprus Stock Exchange
  • Opening of Depository Account at the Cyprus Stock Exchange
  • Preparation of all documents relating to the application from the outset of the process
  • Issuance of the passports and ID’s


Our firm also offers a full-range of legal services.

The Financial Criteria

Applicants may choose a €5 million investment or a €2,5 million investment from below and hold it for 3 years

  • Investments in Government Bonds of at least €5 million or €2,5 million under a collective investment* or
  • Investments in financial assets (debentures, securities or bonds) of Cypriot businesses of at least €5 million or €2,5 million under a collective investment* or
  • Investments in Real Estate, Developments and Infrastructure Projects of at least €5 million or €2,5 million under a collective investment* or
  • Purchase or participation in Cypriot companies whereby the applicant must have purchased, registered or participate in Cypriot companies of at least €5 million or €2,5 million under a collective investment*. The businesses must have physical presence in Cyprus and employ at least 5 Cypriot citizens or
  • Fixed-term deposits in Cypriot banks of at least €5,0 million for 3 years or
  • A Combination of the above Financial Criteria of least €5 million or
  • Deposits with the Popular Bank Public Company Limited (Laiki Bank) that have been impaired amounting to €3 million. If the impairment is less, additional investments are required

    *Applications with investments of €5 mill. will proceed individually while applications with investments of €2,5 mill. will from part of a group investment of €12,5 mill and will be submitted as a group.
     

The Conditions 

  • Clean Criminal Record from the country of origin and residence
  • Not included on the list of persons whose property is ordered to be frozen within the European Union.
  • Residence in the Republic of Cyprus: the applicant must own a permanent privately-owned residence, of at least €500,000 plus VAT. This condition may be satisfied with no further investment if the applicant purchases a residence within the financial criterion for the Investment in Real Estate.


The Advantages

  • Fast-track to Citizenship as the examination of the application is around 3 months
  • Under European Union Law, as citizens of a European Union Member State, all Cypriot nationals also have the right to work, freely travel to and reside throughout the Member States of the European Union
  • Right to reside in Cyprus without the need for any further formalities such as renewals and visas
  • Visa free/upon arrival travel to approximately 140 countries
  • Spouse and children up to the age of 18 can be added to the application for naturalisation. Children of ages 18 up to 28 can also be included in the application provided they are financially dependent students.
  • English is widely spoken
  • Legal system is based upon the English legal system and common law
  • No income tax implications unless residing in Cyprus for more than 183 days per year


Contact Us


This outline has been prepared for the assistance of clients considering to invest in Cyprus.

It is only intended to provide a brief summary of the main legal requirements and it is not intended to be a comprehensive guide in its scope. It is recommended that a client seeks legal advice prior to taking any steps to implement it. This outline has been prepared on the basis of the law and practice as at 28 February 2015.


Email:
immigration@tplaw.com.cy
info@tplaw.com.cy
npapaefstathiou@tplaw.com.cy
mclappa@tplaw.com.cy
dpapaefstathiou@tplaw.com.cy
ashiamaris@tplaw.com.cy


Telephone: +357 22 88 9999
Facsimile:  +357 22 88 9988


Tassos Papadopoulos & Associates LLC
Lawyers / legal consultants

2 Sofouli Street
Chanteclair Building
2nd Floor
1096 Nicosia
Cyprus

Our past, our experience are solid foundations. One thing they taught us is that sometimes we need to step back and look at things from a different angle.