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About the programme
John Theodorou presents Cyprus Investment Programme.
Participating in the Programme investor with his family obtains Cyprus passports. This is not a residence permit or a visa but rather full citizenship of the EU-member state.
The programme requires the amount of €2mln to be invested in Cyprus for 3 years. The citizenship is granted within 6 months.
The programme has already attracted over 4 billion euros of direct investments into the economy of the Republic of Cyprus.
Advantages of the programme
The programme is unique in Europe and very appealing:
- Investor and his family can freely reside, work, study, have business in any of the EU-member states as well as in Switzerland, Liechtenstein, Norway and Iceland
- The Republic of Cyprus is a full EU member. Holder of Cyprus passport can travel visa-free in 157 countries in total
- Dual-citizenship is permitted
- The passport is issued also for the investor’s spouse*** and all financially dependent children (up to 28 years old)
- The investor’s parents are entitled to apply for citizenship provided that they are owners of a Cyprus permanent residence of at least €500.000
- Time for approval of citizenship for the investor and his/her spouse is 6 months
- No requirement to reside in Cyprus
- Minimum investment required is €2mln (here and below amounts are excluding VAT where VAT is applicable)
- The investment must be kept just for 3 years. After that the assets can be sold. To be more precise, the Law states that a property of minimum value of €500.000 must be kept as a private residence (we expect that this condition will be removed; anyway this private residence can be rented out and generate rental income for investor)
- No donation to the Cyprus government
- No history and language proficiency tests
Investment options
An investor is free to choose where to invest from a wide choice of options:
- Residential properties
- Commercial properties
- Development projects
- Purchase or creation or participation in Cypriot businesses or companies
- Investment funds, financial assets of Cypriot businesses or organizations
- Government bonds (maximum €500.000; the balance €1,5mln should be invested in other options like property)
- Combination of the above options
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