Cyprus is a member of the European Union that allows foreign investors and their families to acquire its nationality by naturalization. A Cyprus passport opens the doors to the European Union and it also gives the investor and his/her family access to more than 170 countries, including Canada, Europe, Japan, South Korea, Hong Kong, Singapore, without a visa. Further, the passport enables you submit and easy online application for 10-year visa to USA.
To be eligible the Applicant must make :
1. An investment of 2 Million € (+VAT) in one or more residential properties, including a primary residence worth minimum 500,000 €, for a minimum of 5 years. The investment may be maintained minimum 5 years, excluding the primary residence that must be maintained for life; 2. In addition, the investor must make a non-refundable donation of 150,000 € to the government (to be shared by the Foundation for Research and Development and the Cyprus Land Development Corporation).
Cyprus Permanent Residency by Investment
You are not looking for a new passport but you would like to enjoy the benefits of permanent residence in Cyprus? You may be interested in the fast track permanent residence by investment program. Processing takes 2 months.
To be eligible one must make :
1. Invest in a new residential property with a market value of at least 300,000 € 2. Transfer 30,000 € to a fixed 3-year term deposit account in a Cyprus bank 2. Prove an annual income from foreign source of at least 30,000 €
You can include your whole family including parents and in-laws under certain conditions.
To keep your permanent resident status, all you need to do is visit Cyprus at least once every two years. There are no other physical presence requirements.
For further information please contact us now at jpcs@bellnet.ca or complete our free online assessment.
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