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Investment Program

Cyprus is a full member of the European Union and a commonwealth country. It is not a surprise that Cyprus passport is one of the strongest in the world. Apart from being able to live and work all over the Europe, there are 148 visa free countries for a passport. Cyprus allows dual citizenship. That means there is no need to renounce the previous nationality neither to announce new nationality. Moreover, there is no residency requirement as the investors must visit Cyprus once every seven years.

As a European citizen you have the right to vote and stand for European Parliament elections. Also, you have protection by the diplomatic or consular authorities of any EU country.

We, at G & V Hadjidemosthenous Ltd provide two immigration programs by investment for Cyprus. Each has different requirement and procedures.

Option A: Permanent Residency

The first step to Cyprus citizenship is the Cyprus Permanent Residency. The  investor is entitled for a permanent visa for him and his family only by investing 300k + VAT in a residential property.

Requirements

  • Purchase a property of at least 300,000 euros + VAT
  • The main applicant needs to prove € 30,000 per year income, for every dependent of the main applicant € 5,000 euro per year additional income is required.
  • € 30,000 fixed deposit in a Cyprus bank for 3 years.
  • 70% of the housing fund must be paid in order for the fast track procedure to start (approved within two months)

Documents Needed

You will be required to provide our legal team with the following documents:
· Copy of passport
· Copy of Birth Certificate
· Copy of Marriage Certificate
· Certificate of clean criminal record
· Two passport size photographs
· Curriculum Vitae (CV)
· Statement by the applicant that he/she does not intend to work in Cyprus

Process of Obtaining

Come in contact with G & V Hadjidemosthenous Ltd.
Choose a house investment of more than 300k + VAT
Provide our legal team with the following documents:
· Copy of passport
· Copy of Birth Certificate
· Copy of Marriage Certificate
· Certificate of clean criminal record
· Two passport size photographs
· Curriculum Vitae (CV)
· Statement by the applicant that he/she does not intent to work in Cyprus

We proceed with the application to the Ministry of Interior. The examination period is about two (2) months.

After the approval of the application we arrange an appointment for the fingerprint submission in the immigration department.

After the approval you get the Permanent Resident (PR) statues. At this stage we have a 100 % pass rate.

Citizenship

Living in Cyprus for 60 months within a period of 7 years, any permanent residence holder can apply for a Cyprus passport (EU passport). The main advantage of this programme is the low cost of investment that you need, to obtain the Cyprus passport. The whole process from investment to your passport application takes 5 years. However, if you are in a hurry there is a way to get Cyprus citizenship in 6 months. If you increase your total investment in Cyprus residential property to 2 million then you can immediately apply for Citizenship and get Cyprus passport in 6 months. See more details below about the Fast Track Cyprus Citizenship Programme.

Option B: The investor can get a Cyprus passport within 180 days.

The programme applies to the immediate family of the applicant i.e. the spouse and dependent children up to the age of 28 (if children are full-time university students, otherwise up to 18). It is valid for a life. Further, the applicant’s parents are entitled to apply for Cyprus Citizenship by exception provided that they have purchased a permanent residency of at least € 500,000 + VAT.

Requirements

You must make an investment of €2 million euros in residential properties. You can either buy one home for the amount of €2 million or multiple residential units for the total amount of €2 million. 

To hold citizenship, investors must always hold at least 500,000 euros in real estate (which may be multiple accumulate), while the rest of the investment may be sold in three years.

Documents Needed

You will be required to provide our legal team with the following documents:
· Copy of passport
· Copy of Birth Certificate
· Copy of Marriage Certificate
· Certificate of clean criminal record
· Two passport size photographs
· Curriculum Vitae (CV)

Process of Obtaining

You must make an investment of €2 million euros in residential properties. You can either buy one home for the amount of €2 million or multiple residential units for the total amount of €2 million. In case you buy multiple residential units, at least one of them must be minimum €500,000.

Provide our legal team with the relevant documents


· Copy of passport
· Copy of Birth Certificate
· Copy of Marriage Certificate
· Certificate of clean criminal record
· Two passport size photographs
· Curriculum Vitae (CV)

Our legal team proceeds with the application to the Council of Ministers and arrange an appointment for fingerprint submission in the immigration department. After the approval of the application, our legal team submits the approval to the Civil Registry and migration department and they issue the certificate of Naturalization (at that stage you are officially a Cypriot) Visit Cyprus at any time in order to appear at the Civil Registry and migration department and get your passport. Grandchildren also inherit the citizenship via naturalization thus creating a whole bloodline of EU Nationals.

Benefits

All rights of an EU Citizen : Holders of a Cypriot passport are, by extension, EU citizens with the right to reside, work, and study in, travel to, and own or manage a business in any of the EU states without limitations!

Freedom of Movement: Cyprus passport allows travelling visa-free (or by visa on arrival) to 172 countries in total. High Standard of Living: Cyprus is an island boasting a year-round favorable climate, high standards of living, and is among the safest countries in the world. English is widely spoken, and residents have access to high-quality education and medical care

Return on Investment: After a period of five years, investors can then sell their assets for a great return on investment, while at the same time keep their citizenship for life.

Citizenship for the whole family: Citizenship is granted to the main applicant’s entire family, including spouse, dependents, and adult children between the ages of 18 and 28. Citizenship is also automatically transferred to main applicant’s succeeding generations
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