iPhoneYouUp Cyprus Residency Applications

Introduction

On 13th of September 2016, the Cyprus Council of Ministers approved amendments to the Scheme for Naturalisation of Investors in Cyprus by Exception. 
                
This scheme is based on subsection (2) in section 111A of the Civil Registry Laws of 2002-2015, which allows for a 'fastrack' to Cypriot citizenship and residency, by means of substantial investment in the Cyprus property market.

In particular it is possible for qualifying Non-EU applicants to gain a Cypriot EU passport within a space of just three months.

Cyprus Citizenship

The Cyprus Government's 'Naturalization of Investors by Exception Scheme' (which is in accordance with the Civil Registry Laws 2002-2015),  is one of the fastest ways to obtain permanent residency and citizenship in Europe.

Cyprus boasts a rich and diverse culture, mild Mediterranean climate, and a safe and stable setting ideal for raising families. Investors also look at Cyprus for business and investment purposes, recognizing numerous investment opportunities. 
                
The benefits of the Cyprus program are many, including:

- Fast-track procedure. Approval of citizenship application within three months;

- Simultaneous submission of residency and citizenship applications.

- No physical residence requirements. The only requirement is one visit every seven years.

- No language requirements.

- Parents qualify for citizenship also* 

- Civil unions eligible to submit applications.

- No obligation to relinquish current nationality.

- Low tax rates and free trade within the EU.

- Unrestricted right to live, work and study in Europe.

- Right to own property in an EU member state.

- Strategic geographical location forming a bridge between the EU, Middle East and North Africa with direct access to the Mediterranean Sea.

- Safest country in the world with a population under 5 million.

- Excellent education system as well as first-rate health care.

- An outstanding holiday destination.

 * provided they own a house valued at €500,000 + VAT or own a share of €500,000 in a residential property of the main applicant.

Criteria

To qualify for citizenship, applicants must fulfill one of the investment options below and hold it for three years in addition to meeting the following criteria:

- Possess a valid passport;

- Hold no criminal record;

- The main applicant’s property is not frozen within the boundaries of the EU;

- Be a resident before being granted citizenship (hence the simultaneous application for both residency and citizenship for non-residents);

- Own a permanent private residence in the Republic of Cyprus with a purchase price of at least €500,000 plus applicable VAT.

- In the applicant chooses to invest in residential properties only, then one of the residential properties must be priced at €500,000 or more;
                
- The total investment amount must be at least €2 million.

Investment Options

The applicant must invest in one of the following four property options:

1. Real Estate, Land Development or Infrastructure Project

Applicants may invest at least €2 million in the purchase or construction of buildings, land development projects (residential or commercial) or infrastructure projects.

2. Purchase, Creation or Participation in Cypriot Businesses or Companies

Applicants may invest at least €2 million in the purchase, creation or participation in businesses or companies based and operating in the Republic of Cyprus. These businesses or companies must have a tangible presence in Cyprus and employ at least five Cypriot citizens or European citizens.

3. Investment in Financial Assets of Cypriot Companies or Organizations

Applicants may invest at least €2 million in the financial assets of Cypriot companies or Cypriot organizations. This includes bonds, securities and debentures registered and issued in the Republic of Cyprus. Investors must maintain the purchased assets for a period of three years.

4. Combination Investment

Applicants may invest in a combination of the above options. The combination of investments must total at least €2 million.

Our Service

IPhoneYouUp Cyprus Real Estates aims to maximaize each applicat's chances of being ranted Cypriot Citizenship and Residency.

To do this we give our client's accurate and impartial advice on whether they are able to meet the required qualification criteria, based on Current Cypriot Law.
                
By doing this unnecessary, prolonged and wasted time effort will be avoided, thus ensuring ensure that our client's application will result in a successful outcome for themselves and the well being of Cyprus itself.

In particular we provide our clients with the following benefits and services:

- pre-vetting of all applications by competent authorities;

- use of specialist advice from experts in the fields of Cypriot Taxation, EU Immigration Regulations, Cyprus Real Estate and Cypriot Law;

- independent and objective knowledge of all areas arelating to Cypriot Citizenship and Residency through Investment;

- our close working relationship with the relevant Cypriot government officers.

We are here to make your dreams come true of living, working and enjoying the best the island of Cyprus has to offer its residents.


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A.T & P.E Homes (Cyprus) Ltd. is a Certified and Licensed Estate Agent Company: Registration No.: 808; License No.: 147/E.