Cyprus

Cyprus, officially the Republic of Cyprus, is an island country in the eastern Mediterranean Sea south of the Anatolian Peninsula. Continentally, it is often placed in Western Asia while being culturally tied to Southeast Europe.

Cyprus is bordered by Turkey from the south, Lebanon from the west, Egypt from the north, and Crete from the east.

Country Highlights

Capital

Nicosia

Population

1.24 mn (2021)

Language

Greek (official), Turkish

Currency

Euro

Exchange Rate

1 USD = 0.92 €

Government Type

Unitary parliamentary republic

Global Ranking

9th

Time to Citizenship

Fast track: 4-6 Months
Normal track: 18-24 Months

Minimum Investment

US$ 300,000

Type of Investment

Real estate

Visa-free Countries

Albania
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Angola
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Argentina
Armenia
Australia
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Gambia
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Greece
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Trinidad and Tobago
Turkey
Tuvalu
Uganda
Ukraine
United Arab Emirates
United Kingdom
Uruguay
Vanuatu
Vatican City
Venezuela
Zambia
Zimbabwe

Benefits

  • Efficient Processing: Main applicants can secure their residence permit in as little as 4-6 months from the date of application submission if they choose the fast track option, or within 18-24 months for the normal track.
  • Business Opportunities: Investors can capitalize on Cyprus’s attractive tax regime and booming economy.
  • Flexibility: Investors have the right to work and live permanently in Cyprus, as well as in any other EU country.
  • Family: Family dependents, including children up to 25 years of age, can also gain the Cypriot residency.

Required Documentation/Paperwork

  • Certified copy of full birth certificate
  • Six (6) passport- sized, color photos of yourself taken within the last six months (Approximately 35 x 45 mm in size, of good quality color and on high quality paper)
  • Certified copy of your current passport(s)Certified copy of full birth certificate
  • Bank reference letter is sued by an internationally recognized bank valid within the last six months immediately preceding the submission of the application.
  • Due Diligence (Police certificate from country of birth, and from any other country in which you have resided for a period of at least one year during the ten (10) year immediately preceding the submission of the application for citizenship by investment. • The police certificate should be no more than six months old. *In the event that you are unable to obtain a police certificate, please provide an explanation here. Police certificates are NOT required for qualifying dependents below the age of 16).
  • Certified copy of marriage record or marriage certificate (s) (if applicable). *You must submit for the principal applicant and the spouse.
  • Certified copy of divorce decree (if applicable) *You must submit for the principal applicant and spouse.
  • One (1) document of proof of residential address valid within the last three months immediately preceding the submission of the application. *Examples of proof of residential address include: Certified copy of a recent utility bill OR Bank statement showing full name and address. (Certified copy / Original).
  • Professional reference (e.g. from an attorney, chartered accountant or other professional of similar standing) valid within the last six months immediately preceding the submission of the applications.

Eligibility Criteria

Fast Track:

  • Spouse of the main applicant.
  • Adult unmarried children of the investor between the ages of 18-26 who are financially dependent on the investor and enrolled in educational institutions.
  • Dependent children of the primary applicant must be under 18 years of age.
  • Proof of annual income based on the number of family members.
  • Applicants must have a clean criminal record.
  • Fingerprints required.

Regular Track:

    • Spouse of the main applicant.
    • Investor’s children under the age of 18 who are financially dependent on the investor.
    • Proof of annual income based on the number of family members.
    • Deposit an amount in a Cypriot bank.
    • Applicants must have a clean criminal record.
    • Fingerprints required.

Steps

  • Step 1: AZUR CBI commences the process by pre-screening your passport copy for government pre-approval. A down payment of the professional fees is required to open your application. The response is within 24-48 hours.
  • Step 2: Our professional team at AZUR CBI will assist and advise you with the collection of the required documents as per the checklist for the Cyprus Visa application. A meeting is then set up with dedicated attorneys in Cyprus so that a “Power of Attorney” mandate is signed in the presence of a certifying officer.
  • Step 3:AZUR CBI will assist you in the opening of a Cypriot bank account where the applicant will need to deposit €30,000, along with extra fees for additional dependents.
  • Step 4: – Fast track: AZUR CBI will guide you to the Cypriot property that fully satisfies your requirements (€300,000) and start preparing the property purchase documentation required to be presented for the Permanent Residency application.
    – Normal track: AZUR CBI will guide you to the Cypriot property that fully satisfies your requirements (€150,000) and start preparing the property purchase documentation required to be presented for the Permanent Residency application.

Costs

In accordance with the regulations issued by virtue of the Civil Registry Laws, applicants seeking Cypriot residency by investment must meet the following criteria:

Purchase of residential property in Cyprus:

    • Fast track: €300,000
    • Normal track: € 150,000
    • Plus additional government fees

 

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