The investments should be made by a non-Cypriot citizen investor – applicant exclusively within the Republic of Cyprus either personally or through a company/companies in which he/she participates as a shareholder (in proportion to his/her holding percentage), or through investments done by his/her spouse or jointly with the spouse or even as a high-ranking senior manager of a company/companies that meets the said economic criteria and has a clean Criminal Record Certificate.
A high-ranking senior manager may apply provided that he/she receives such a remuneration that generates for the Republic tax revenues of at least €100,000 over a three - year period and provided that this tax has already been paid or prepaid.
The applicant should have concluded the necessary investments during the three years preceding the date of the application. The investments attached to the application must remain in their possession for a minimum period of five years from the date of the naturalization. The applicant may replace his investment during the five year period, provided that he/she has obtaining before-hand an approval by the Ministry of Finance.
After the lapse of the five -years period of obtaining Cypriot citizenship by exception, the applicant can sell his /her properties provided that he /she keeps always on his /her name a privately – owed permanent residence (house or apartment) in the Republic of Cyprus which he/she purchased for at least €500,000.
Registry of Service Providers of the Cyprus Investment Programme
Any applications for the Cyprus Investment Programme can be submitted on behalf of the applicants only by natural / legal persons registered with the Registry of Service Providers (Registry) of the Cyprus Investment Programme since July 31,2018.
A Self-Declaration by the Service Provider for the purposes of the Cyprus Investment Programme” duly completed and signed, is a pre-requisite on the List of Documents to be submitted along with the required documents in accordance with the said Programme.
GEORGIOS K GEORGIOU LLC is a registered Service Provider, keeping in line with the high standards lay out by the Republic of Cyprus.
It is important to note that such applicant must fulfill the following prerequisites whatever the mode of investment :
A. ( Obligatory)
B. (One choice)
Investment in real estate, land development and infrastructure projects.
Investment of at least €2.0 million for the purchase or construction of buildings or for the construction of other land development projects. These projects can be residential, commercial or tourism developments.
Purchase or Establishment or Participation in Cypriot companies or Businesses.
Investment of at least €2,0 million for the purchase or participation in companies established and operating in Cyprus.
Investment of at least €2,0 million in Alternative Investment Funds or Registered AIF or financial assets of Cypriot companies/organizations that are licensed by Cyprus Securities and Exchange Commission.
Combination of all the above mentioned investment options, provided that the total investment will amount up to at least €2,0 million.
SUBMISSION OF DOCUMENTS
For the evaluation of the applications the form (M127) as well as the following documents must be submitted.
RESIDENCE IN THE REPUBLIC OF CYPRUS.
CLEAN CRIMINAL RECORD.
CRITERIA REGARDING THE INVESTMENT.
Required documents based on the mode of investment
Donation to the Research and Innovation Foundation and the Cyprus Land Development Corporation Donation to the Research and Innovation Foundation and the Cyprus Land Development Corporation.
Investment in real estate, land development and infrastructure projects Investment in real estate, land development and infrastructure projects.
Purchase or Establishment or Participation in Cypriot Companies or Businesses Purchase or Establishment or Participation in Cypriot Companies or Businesses.
Investment in Alternative Investment Funds.