The Best method
The best method to Acquire Cypriot Citizenship is through the Investment in Real Estate, Land development and Infrastructure projects where the Application must have made an investment of at least €2 million for the purchase or construction of buildings or for the construction of other land development projects (residential or commercial developments, developments in the tourism sector) or other infrastructure related projects. On the basis of this criterion, the investment in land under development is also included, provided that the investment will be supported with an investment plan for the development of the purchased land.
In such an investment, an additional purchase of a permanent residential property amounting to €0, 5 million (plus VAT) is required.
Furthermore the Applicant will need to make the required investment during the three years preceding the date of application and should ensure that the said investment is retained for a period of at least three years from the date of acquiring the Citizenship.
Many would wonder why to invest in Cyprus and here are some of the main advantages:
(i) Climate, business and culture
(ii) The obtainment of Cypriot Citizenship by Exception provides full EU Citizenship to an investor and his / her dependents
(iii) The obtainment of the EU passport provides the right of travelling with no restrictions within the EU member states
(iv)Cyprus also provides favorable tax regime, in comparison to other EU member countries
For further information on this topic please contact Ms. Nada Starovlah (email@example.com) at SOTERIS PITTAS & CO LLC, by telephone (+357 25 028460) or by fax (+357 25 028461)