CYPRUS CITIZENSHIP BY INVESTMENT

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ABOUT US

Christodoulos G. Vassiliades & Co. LLC was estab-

lished by Mr. Christodoulos G. Vassiliades in 1984 in

Nicosia, Cyprus. With more than 30 years’ experi-

ence, the Firm is presently universally cited as one

of the leading law firms in Cyprus. Our mission is to

develop personal and long lasting relationships with

our clients in order to understand their needs and

to secure their interests, by finding solutions to best

suit each particular case.

WHY CYPRUS CITIZENSHIP

• Reasonable investment amount of €2.000.000;

• The applicant has a variety of investments to

choose from;

• The investment can be released 3 years after

acquiring the passport.

• No requirement for a VISA to more than

159 countries;

• Permanent Residence without a required

physical presence in Cyprus.

Step 1 – Choose the type of investment.

Step 2 – Gather investment and personal documents

for the applicant & the family.

Step 3 – File application for Cyprus Citizenship at

the Ministry of Interior.

Step 4 – Visit Cyprus for 1-2 days, in order to get the

Permanent Residence Card, which needs

to be held for a period of at least 6 months

prior to obtaining the passport.

Step 5 – Application examined by the Ministry of

Interior and the Ministry of Finance.

Step 6 – Final examination by the Council of

Ministers and issuance of approval by

the Minister of Interior.

Step 7 – The issuing of the Naturalisation Certificate

Step 8 – Collection of passport in Cyprus .

WHO IS ELIGIBLE

• Any investor who is 18 years old and above.

• Spouse and financially dependent children of the

investor up to the age of 28.

• Parents of the investor, subject to acquiring

residential property of at least €500.000 + VAT.

EASY & STRAIGHT

FORWARD PROCEDURE

Marianna Pavlides

Head of Immigration - Advocatemariannap@vasslaw.net

Christodoulos G. Vassiliades

Managing Directorcgv@vasslaw.net

WANT TO KNOW MORE?CONTACT:

T YPE REQUIREMENT AMOUNT PERIOD

Investing in real estate developments & infranstructure projects

Purchase or incorporation or participation in Cypriot businesses & companies

Investing in Cyprus Alternative Funds (AIF’S) or financial assets of Cypriot organisations liceansed by “CYSEC”

3 years

3 years

3 years

3 years

€2.000.000

€2.000.000

€2.000.000

€2.000.000

The applicant should make an investment of at least €2.000.000 for the purchase or construction of immovable property whether residential or commercial, and whether related to the tourism sector or otherwise, including investment in land.

The applicant should purchase, incorporate or participate in companies established and operating in Cyprus with investment costs of at least €2.000.000. These invested funds will be channeled to finance the investment objective of the companies, according to their business plan. Additionally the companies must have physical presence in Cyprus, with significant activity and turnover, and must employ at least five Cypriot or European citizens.

The applicant should invest in units of at least €2.000.000 of AIF’s established, licensed and supervised in Cyprus by CYSEC. Such investments should be made exclusively in Cyprus and should meet the criteria of this scheme and be approved by the Minister of Finance. Acquisition of financial assets in Cypriot Businesses or organisation of at least €2.000.000, such as bonds, bills and securities issued by companies that have demonstrated physical presence and substantial economic activity in Cyprus should be maintained for a period of 3 years.

The applicant may make a combination of the above investments, provided that the total investment amounts to at least €2.000.000. Under this criteria, the investor may also invest in government bonds of Cyprus for the amount of up to €500.000, which will be issued by the Public Debt Management Office of the Ministry of Finance.

Combination of the above investments

Designed by: Christodoulos G. Vassiliades & Co. LLC

This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors.

© 2017 Christodoulos G. Vassiliades & Co. LLC. All rights reserved. Please see www.vasslaw.com for further details.

CAUTION: The information in this booklet does not create a precedent. It is intended only as a general guide and is not to be relied upon as the basis for any decisions or outcome on the subject matter. Professional advice and consultation by lawyers as applicable to the specific matter in question and in accordance to the laws and regulations in force at that time, must be obtained.