Cyprus Citizenship Programme | Cyprus | Hudson McKenzie
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Cyprus Citizenship

Cyprus Citizenship Programme

Hudson McKenzie offers full support with Cyprus Citizenship Program for High Net Worth (HNW) and Ultra High Net Worth (UHNW) individuals. This program is available to individuals making substantial investments of over €2 million in Cyprus and in return they benefit from Cyprus  citizenship which allows them to travel and live in the EEA member states.

Why Cyprus?

The country offers a wealthy and diverse culture with a warm climate, it is a safe and stable environment, ideal for families looking to invest and settle there. Not to mention Cyprus offers exciting and business and investment opportunities.

Holding Cyprus citizenship has its benefits in that you can travel freely around Europe and other countries as you would be an EU national.

Benefits of being a citizen of Cyprus

  • Ability to trade freely in the EU and advantage of low tax rates.
  • Can hold dual nationality without giving up your original nationality.
  • Right to live, work, study and travel around the EU.
  • Own a property in the EU.
  • For families, the crime rate is low and the environment is safe.
  • High standard of education and healthcare.
  • A perfect holiday destination.
  • Fantastic climate and culture.

Eligibility requirements to qualify for citizenship

Applicants must be 18 or over and meet the following requirements:

  • Hold a permanent privately-owned residence in the Republic of Cyprus, the purchase price of which must be at least €500,000 plus applicable VAT;
  • Invest in Cyprus (€2 million) as an individual and maintain the investment for 3 years.
  • Hold a valid passport;
  • Be able to supply documents supporting the source and origin of the declared funds for investment;
  • Have no criminal record and be able to provide evidence of this;
  • The applicant’s name must not be included in the list of persons whose property is ordered to be frozen within the boundaries of the EU;
  • Be in a position to pay all the related application fees.

Investment Options

There are several ways in which a person wishing to gain Citizenship in Cyprus can invest, the options are as follows:

  • Invest at least €2 million in Alternative Investment Funds or financial assets of companies or organisations established in Cyprus and licensed and supervised by the Cyprus Securities and Exchange Commission (CySec)
  • Invest at least €2 million in the purchase or construction of buildings, land development projects which can be commercial, residential or infrastructure projects.
  • Invest at least €2 million in the purchase, creation or participation in businesses or companies that are based and operating in Cyprus. These businesses or companies should evidently have a tangible presence in Cyprus and employ at least five EU citizens.
  • Applicants can also combine any of the options above as long as the value is of at least €2 million. Within this option of combination of investment’s, the applicant may invest in special government bonds of the Cyprus Republic up to €500,000 for a period of 3 years.
  • In all the above cases the applicant must possess a permanent privately-owned residence in the Republic of Cyprus, the purchase price of which must be at least €500,000, plus V.A.T, unless the applicant invests €2 million only in housing unit/units.

Contact our Immigration Lawyers

For further information on Cyprus Citizenship Program, please contact our Immigration lawyers – click here or call us on +44 (0)20 3318 5794.