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
Andorra
Angola
Antigua and Barbuda
Argentina
Armenia
Australia
Austria
Azerbaijan
Bahamas
Bahrain
Bangladesh
Barbados
Belarus
Belgium
Belize
Benin
Bolivia
Bosnia and Herzegovina
Botswana
Brazil
Brunei
Bulgaria
Cambodia
Canada
Cape Verde
Chile
Colombia
Comoros
Costa Rica
Croatia
Czech Republic
Denmark
Djibouti
Dominica
Dominican Republic
Ecuador
Egypt
El Salvador
Estonia
Ethiopia
Fiji
Finland
France
Gabon
Gambia
Georgia
Germany
Greece
Grenada
Guatemala
Guinea-Bissau
Haiti
Honduras
Hungary
Iceland
India
Indonesia
Iran
Ireland
Israel
Italy
Jamaica
Japan
Jordan
Kazakhstan
Kenya
Kiribati
Kuwait
Kyrgyzstan
Laos
Latvia
Lebanon
Lesotho
Liechtenstein
Lithuania
Luxembourg
Macedonia
Madagascar
Malawi
Malaysia
Maldives
Marshall Islands
Mauritania
Mauritius
Mexico
Micronesia
Moldova
Monaco
Montenegro
Morocco
Mozambique
Myanmar
Nepal
Netherlands
New Zealand
Nicaragua
Norway
Oman
Palau
Panama
Papua New Guinea
Paraguay
Peru
Philippines
Poland
Portugal
Qatar
Romania
Rwanda
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines
Samoa
San Marino
São Tomé and Príncipe
Senegal
Serbia
Seychelles
Singapore
Slovakia
Slovenia
Solomon Islands
Somalia
South Africa
South Korea
Spain
Sri Lanka
Swaziland
Sweden
Switzerland
Tajikistan
Tanzania
Thailand
Timor-Leste
Togo
Tonga
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

 

Enquire about this program

    AZURE CBI is committed to protecting and respecting your privacy, and we’ll only use your personal information to administer your account and to provide you with answers to your enquiry. By pressing submit you are consenting to AZURE CBI or any of its employees that they can communicate with you for this purpose.

    I agree to receive other communications from Artzotic.
    I read the Privacy Policy and I consent to the processing of my personal data.

    By clicking submit below, you consent to allow AZURE CBI to store and process the personal information submitted to provide you the content requested.