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INVESTMENT CITIZENSHIP IN CYPRUS

About the program

The Scheme

The “Scheme for Naturalization of non-Cypriot investors by exception” is a policy which was founded in 2014 by the Cyprus Council of Ministers. The policy was posed as an ideal solution to encourage foreign direct investments, attract high net worth individuals, and stabilize the banking sector in Cyprus.

Join the Program

Today, the sunny Mediterranean haven offers an array of benefits when it comes to investing. However, what makes it’s topography so much more attractive in comparison to the island’s other EU competitors, is it’s swift exit strategy which is available within three years after the obtainment of a passport.

COMPANY

As a company, we are responsible for helping our customers feel at ease while working with us. Our goal is to assist you with the entire process of applying for a citizenship, in order for you to receive it in a swift, efficient, and timely manner. Admare property guarantees its clients a seamless purchasing experience.

Cypriot citizenship

It is essential to keep in mind that the acquisition of a Cypriot citizenship will not only grant you full benefits of a residency permit and visa free travel, but will also entail the citizenship holder with opportunities open to all European citizens.

Fundamental Reasons to Invest in the Program

Investors are presented with a clear exit strategy that becomes available 3 years from the date of naturalization, nonetheless they are required to maintain ownership of property worth 500,000 Euro (+VAT if applicable)

Cyprus boasts impeccable tax incentives to its citizens, with some of the lowest tax rates worldwide, lack of double taxation and full financial confidentiality make it an ideal place to do business.

Fast-Track process – 6 months to receiving Citizenship and Passport
A minimal investment of € 2 million euros + VAT is required in order to receive a citizenship

There are no expectations of the investor to reside in Cyprus before,
during or after the approval of the citizenship application

Cyprus permits one to obtain a dual-nationality
without reporting it to other countries

Investment criteria

The applicant is required to comply either with a single one or with a combination of the below criteria

 Investment in government bonds
 Purchase, creation or participation in Cypriot business or companies
 Investment in real estate, land development and infrastructure projects
 Investment in financial assets of Cypriot companies or Cypriot organizations.
 The applicant may to purchase state bonds of the Republic of Cyprus for 500,000 Euro maximum
 The applicant has to purchase financial assets of Cypriot companies or Cypriot organizations (bonds/securities/debentures registered and issued in the Republic of Cyprus) for at least €2 million.
 The applicant has to make an investment of at least €2 million in the purchase, or construction of buildings, or for the construction of other land development projects (residential or commercial developments)
 The applicant has to make an investment for at least €2 million in the purchase, creation participation in businesses or companies, that are based and operating in the Republic of Cyprus. These businesses or companies should obligatorily have a tangible presence in Cyprus and employ at least five (5) Cypriot citizens.

Owners of the Cypriot citizenship become free of the hassle with opening visas when it comes to
travelling abroad to over 170 countries, including the EU, Canada and Australia

New horizons are opened to the upcoming generation who are given
the opportunity to study at the best European universities for free or at a very low cost

There are no expectations of the investor to reside in Cyprus before,
during or after the approval of the citizenship application.

Goverment Fees

APPLICANTSUBMISSION FEECERTIFICATE ISSUANCE FEETOTAL
APPLICANT:
Investor
SUBMISSION FEE:
€2,000
CERTIFICATE ISSUANCE FEE:
€5,000
TOTAL:
€7,000
APPLICANT:
Spouse
SUBMISSION FEE:
€2,000
CERTIFICATE ISSUANCE FEE:
€5,000
TOTAL:
€7,000
APPLICANT:
Financially dependent child
SUBMISSION FEE:
€2,000
CERTIFICATE ISSUANCE FEE:
€5,000
TOTAL:
€7,000
APPLICANT:
Minor child
SUBMISSION FEE:
€80
CERTIFICATE ISSUANCE FEE:

TOTAL:
€80

Particular differences of the program

MARKET LEADERS

Along with your family, you can obtain an EU passport in as little as 6 months. No intention of permanently residing? We guarantee a return after a period of 3 years.

NO MORE BOUNDARIES

Guaranteed possibility of return after 3 years. Uncover new business opportunities and travel visa-free in the EU, Switzerland, Norway, Iceland, and Liechtenstein

Comparable table of European passport programs

CyprusMaltaLatviaUKSpainSt Kits & Nevis
:
Result
Cyprus:
EU Passport
Malta:
EU Passport
Latvia:
EU Residence for 5 years; passport after 6 years plus exams in the Latvian language and history
UK:
EU Residence for 5 years (3 years then 2 years); passport after 6 years plus exam in English
Spain:
EU Residency for 5 years
St Kits & Nevis:
Passport St Kits & Nevis
:
Time to obtain passport
Cyprus:
3 months
Malta:
12 - 14 months
Latvia:
6 years
UK:
6 years
Spain:
10 years
St Kits & Nevis:
4 - 6 months
:
Currency
Cyprus:
EUR
Malta:
EUR
Latvia:
EUR
UK:
GBP
Spain:
EUR
St Kits & Nevis:
USD
:
Amount of investment
Cyprus:
2,500,000
Malta:
500,000 (or 150,000 plus rent of a property for minimum 16,000 for 5 years)
Latvia:
250,000
UK:
2,000,000
Spain:
500,000
St Kits & Nevis:
400,000
:
Donation
Cyprus:
-
Malta:
650,000 (plus 50,000 for every adult family member and 25,000 for under 18)
Latvia:
-
UK:
-
Spain:
-
St Kits & Nevis:
Optional
:
Duration for investment to be kept
Cyprus:
3 years
Malta:
5 years
Latvia:
5 years
UK:
5 years
Spain:
5 years
St Kits & Nevis:
5 years
:
Assets
Cyprus:
Bonds or securities of Cyprus companies or Real estate or Business or Deposit
Malta:
Bonds and Real Estate
Latvia:
Real Estate
UK:
Bonds or securities of the UK companies (75%) and Real Estate or Deposit (25%)
Spain:
Bonds or Real estate or Business
St Kits & Nevis:
Donation or Real Estate
:
Physical residence
Cyprus:
No
Malta:
6 -12 months
Latvia:
No
UK:
Not to be absent for more than 450 days within first 5 years and not more than 90 days within the 6th year
Spain:
Yes
St Kits & Nevis:
No
:
Dual citizenship
Cyprus:
Yes
Malta:
Yes
Latvia:
No
UK:
Yes
Spain:
No
St Kits & Nevis:
Yes
:
Visa free
travel, residence
and work in EU
Cyprus:
Unlimited
Malta:
Unlimited
Latvia:
Free travel in Schengen countries and residence in Latvia, no working permission
UK:
Residence in the UK, no working permission
Spain:
Free travel in Schengen countries and residence in Spain, no working permission
St Kits & Nevis:
Free travel in Schengen countries and the UK limited to 180 days a year; no working permission

Citizenship for the whole family

Investing in residential property on the island reaps many benefits, including the convenience of one’s family members obtaining a Cypriot citizenship as well: this applies to spouses, dependent children under 18, and dependent children aged under 28 that are still enrolled in higher education institutions. The investor’s parents may also apply for Cypriot citizenship after the investor has acquired the Cypriot citizenship, provided that they are owners of a private residence of at least €500.000 (+VAT).

Possible investment ways

 Residential Property
Commercial property
 Combination of all the above
 Financial assets of Cypriot companies
 Government bonds (500,000 Euro maximum)
 Participation in Cypriot business with main office located in Cyprus
 Investment in commercial property, land development, and infrastructure projects

SERVICES DEVELOPED INDIVIDUALLY FOR EVERY CLIENT
Our goal is to provide our clients with only the best of the best

THE MOST RELIABLE PROGRAM ON THE MARKET
There have been NO dismissals since the program commenced

SERVICES DEVELOPED INDIVIDUALLY FOR EVERY CLIENT
One of the first developers present in Cyprus

Benefits of the program

UNIQUE APPROACH

Admare Property is one of the first developers established in Cyprus. Our goal is to provide our clients with only the best luxury and bespoke properties.

BUILDING THE FUTURE

Our new technologies include smart home systems, solar units for the production of solar energy and other innovative technologies we implement into construction.

Suitable Solution

The most cost-effective investment scenario is the acquisition of residential properties with a total value of €2 million, as there is no need to buy a residential property worth €500,000. When investing in government bonds and commercial properties, in addition to the investments of €2 million, the applicant is required to purchase a residential property (1 or 2), worth €500,000

Investment Program Advantages

 Comprehensive double tax treaty network (more than 50 double tax treaties with third countries)
 High quality of life including natural beauty and pleasant Mediterranean climate
 Right to immediately travel, reside, work and study anywhere within the EU
Strategic geographical position and excellent worldwide connections
 Safe environment with low crime rates, ideal for a peaceful family life
 Establishment and free movement of capital, services and goods
 Simple and efficient vehicle to obtain European citizenship
 People of all races are accepted and welcomed equally
 0% tax rate for annual income under 20,000 Euros
 No tax on dividends for Non-domiciled Cypriots
 Pure investment, no donation required
 Visa-free access to 158 countries
 Corporation tax regime 12.5%
 Legacy to future generations
 No medical test is needed
No inheritance tax

Contact Us

contacts
Office in Cyprus:
Phone: +357 25 323 303
Mobile Phone: +357 99 7777 09
Email: [email protected]
Cyprus, Limassol 4047, Potamos Germasoyia,
Corner of Christaki Kranou 1 and Georgiou ‘A 83 Str.
Russian Office:
Phone: +7 495 128 01 63
Email: [email protected]
Цветной бульвар дом 30 строение 1,
Москва, 127051, Российская Федерация
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