Since 2016, when the Republic of Cyprus announced its new requirements for naturalisation of investors by exemption, the programme offered, to obtain EU Citizenship and PASSPORT is becoming more and more attractive and is probably THE BEST WORLDWIDE !!!
The main applicant must be at least 18 years old and enter an Investment scheme with a required investment amount of €2,0 mln in real estate and in addition must have:
A clean criminal record.
Own a permanent residence in Cyprus of a market value of at least €500.000 excluding VAT which is also considered part of the total investment amount of €2,0 mln.
The investor is obliged to retain the real estate investment for at least three years following the acquisition of Cypriot citizenship, with the exception of the permanent residence.
BEST INVESTMENT OPPORTUNITY
The main real estate currently offered by DNP PROPERTY GROUP as the investment and residence part of the naturalization scheme provided by the Republic of Cyprus to obtain EU passport is :
The project is situated beside the main tourist area of Paphos in front of Yeroskipou beach.
Its prime location, high quality and competitive prices make it an excellent investment opportunity!!!
RENTAL GUARANTEE 3.5% ROI (not added on price)
PERMITS IN PLACE
STRONG CAPITAL GROWTH EXPECTED
The application procedure begins after the investment has been completed with proof of the funds arriving in Cyprus from external sources. The application of the spouse is submitted concurrently with the application of the main applicant. Upon the approval of these applications, children's applications follow.
The application is submitted to the Ministry of Interior. Whilst the Ministry of Finance assesses the financial criteria at the time, the Ministry of Interior investigates whether the applicant meets the other conditions of eligibility. Once the examination by the two Ministries is completed, the application is presented to the Council of Ministers for approval.
Following the application approval the Civil Registry and Migration Department issues the Certificate of Naturalization and the Applicant may visit Cyprus.
The application process usually takes 3-6 months.
2 180 2M REAL ESTATE 157 74
MONTHS TO DAYS TO CITIZENSHIP INVESTMENT INVESTMENT TRAVEL VISA ARTON INDEX
RESIDENCE APPROVAL AMOUNT TYPE FREE SCORE
BENEFITS OF EUROPEAN CITIZENSHIP
Cyprus passport is a full EU passport. Investor and his family can freely reside, work, study, have business in any of the EU-member states as well as in Switzerland, Liechtenstein, Norway and Iceland
Holder of Cyprus passport can travel visa-free in 157 countries in total
Dual-citizenship is permitted. Acquisition of Cyprus citizenship is not reported to other countries
The passport is issued also for the investor’s spouse*** and all financially dependent children (up to 28 years old). All next generations of investor retain EU citizenship
The investor’s parents are entitled to apply for citizenship provided that they are owners of a Cyprus permanent residence of at least €500.000
An express procedure - 3 months to be approved, plus another 3 months to actual passport
No requirement to reside in Cyprus
Minimum investment required is €2mln (here and below amounts are excluding VAT where VAT is applicable)
The investment must be kept just for 3 years. After that the assets can be sold. To be more precise, the Law states that a property of minimum value of €500.000 must be kept as a private residence (we expect that this condition will be removed; anyway this private residence can be rented out and generate rental income for investor)
No donation to the Cyprus government
No history and language proficiency tests