Cyprus for business and investors. Legal Framework.

Legal Framework:

From € 2.200.000

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The investment horizon is set to be at least 5 years. Then it is allowed to withdraw from all investment projects, except from the real estate for personal residence.

Citizenship is granted for the whole family. The status is issued not only to the investor himself, but also to all members of his family.

The simplicity of proceedings. There is no need to take exams and the procedure itself is not burdensome. An applicant must simply possess a residence permit in the Republic of Cyprus, for a period of six months prior to naturalization.

The waiting period is minimal. The Program provides for the possibility of naturalization already in 6 months after the official submission of the Application.

The world without borders. Visa-free entry to more than 170 countries of, simple visa processing in the United States for 10 years.

Legal second citizenship. Cyprus allows dual citizenship. The country of the first citizenship is not notified about the issue of a second passport.

A unique opportunity!

Cyprus Investment Programme

The Republic of Cyprus is one of the few European jurisdictions that has a state programme for granting preferences to investors in matters of naturalization, with the limit set at 700 annual applications.

Basic outlines:

Investment amount:

from € 2,2 mln.

Investment horizon:

from 5 years.

Citizenship:

For the whole family.

The Cyprus Investment Programme is a real opportunity for investors to obtain Cypriot citizenship and tax residency after at least 6 months from the date of application for all family members, including children under the age of 18 (under certain special conditions for students under 28 and even dependent parents), with the same investment coverage. Cyprus is attractive to investors for its stable economic growth, its geographical location, effective taxation, high quality of life, security and of course the mild Mediterranean climate.

The Programme also provides that from the moment of obtaining permanent residence, the Applicant has the right to apply for the tax resident status in Cyprus (Tax Identification Number - TIN) which, in particular, offers a tax rate of 0% for dividends, interest, and income from the sale/lease of real estate located outside of Cyprus for a period of 17 years. Tax on income from the sale of Securities will not be collected for life. To ensure this tax status, the Applicant must spend a total of at least 60 days a year on the Island.

In addition, the Applicant's children will be exempt from military service in Cyprus, and citizenship will be inherited by all descendants.

THE PROGRAMME CRITERIA:

ECONOMIC CRITERIA:

The key criterion for passing the application is the realization of investments in the country's economy according to the established parameters valued from € 2.15 million from the investor's personal funds received from abroad including:

Residence in the Republic of Cyprus

The Applicant must possess a privately-owned residence with the purchase price of which is at least € 500,000 plus VAT. The house (apartment) of this value must remain in the investor's ownership for life. Housing provides the Applicant with a stable liaison with Cyprus.

Donations

€ 100,000 to choose from either the Research and Innovation Fund, the Industry and Technology Fund, the Renewable Energy Fund, or the National Solidarity Fund, and € 100,000 to the Cyprus Land Development Corporation. Donations are made after the approval of the application by the Council of Ministers, prior receiving a certificate of naturalization.

Investment in the Cyprus economy

Investments in the Cyprus economy in accordance with one of the Economic Strategies described below are accepted if they are actually made in the amount determined by the Program, no earlier than three years before the date of filing an application for naturalization.

Stelios Americanos & Co. LLC

is a law firm registered under no. 450 with the Registry of Service Providers (Registry) of the Cyprus Investment Programme, which gives the right to submit any applications for the Cyprus Investment Program on behalf of the Applicants, at the Ministry of Interior. Our law firm is not an agency and is not acting on behalf of any particular investment project. We act solely in the interests of our clients. In particular, we provide the careful due diligence necessary to proceed securely with any investment transaction, proper planning and getting final permits as well as provide consulting and practical assistance in selecting an alternative and optimal options for investments.

OTHER CRITERIA:

The success of any application is possible only if it meets absolutely all the economic and other criteria set by the Cyprus Investment Programme.

The Applicant is to be over 18 Years Old

Only an adult can be qualified to submit the Application.

Clean Criminal Record

The Applicant must have a clean criminal record. Furthermore, his/her name must not be included in the list of persons whose assets, within the boundaries of the European Union, have been frozen as the result of sanctions.

Schengen Visa

The Applicant must hold a valid Schengen visa. Third-Country nationals that do not require an entry visa for traveling in European Union member-states, as well as citizens of European Union Member States are excluded from this obligation.

The investments shall be retained for at least 5 (five) years

The investments listed below must be retained by the applicant for at least 5 years from the date of naturalization.

Funds from abroad

Investments declared in the Application for citizenship are to be effected exclusively from the Applicant's personal funds received from abroad.

Stelios Americanos & Co. LLC provides practical expert assistance in preparing the necessary documents, examine the specific circumstances of the Applicant to ensure the most effective way to successfully meet the criteria in order to pre-confirm the full compliance of the prepared set of documents with the requirements of the Cyprus Investment Program. We accompany the client and his/her dependents to the Civil Registry and Migration Department for the submission of the application, and after submitting it, we perform ongoing monitoring of its status until the case is duly resolved.

INVESTMENT STRATEGIES.

An image promoting the idea to start your business in Cyprus

Purchase, Establishment or Participation in Cypriot Companies or Businesses

When planning an investment in a new or existing business, it is important to consider the crucial Program criteria. Namely: the amount invested directly in the business should start from € 2.000.000, at least 5 local or EEC employees and a business plan are mandatory. Cyprus' economy offers a great variety of opportunities for entrepreneurs, from the tourist industry to the construction of solar power plants. A pro-business tax regime is also a factor. You may always count on our consulting, legal and practical support!

IN TOTAL: from € 2.575.000 plus VAT

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Investment in real estate, land development, and infrastructure projects

The minimum required amount of investment in real estate (excluding VAT): in residential from € 1.500.000, and in the commercial from € 2.000.000. Investments in the purchase or construction of buildings, land development projects, tourism facilities, and other infrastructure projects are encouraged. Real estate on the coast renting schemes, for example, bring a cash income of 4-5% per annum, plus a possible capital gain. We will provide full assistance and advice in choosing the most suitable project for you.

IN TOTAL: from € 2 150 000 plus VAT.

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An illustration of the growing value of an investment fund

Alternative Investment Funds, mixed investments

For those who are not seeking active involvement in business, the option for passive investments in Alternative Investment Funds (AIF) is available. Investments of AIFs are regulated by the Cyprus Securities and Exchange Commission, in its turn, must be carried out within Cyprus. It is possible to combine different strategies, provided that the value of such investments always starts from € 2.000.000. We have accumulated extensive experience in this area and by choosing us, you are choosing an expert solution for yourself.

IN TOTAL: from € 2 575 000 plus VAT

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Steps for obtaining citizenship

1

Сome to us

If you meet the criteria set, feel free to contact us at once. This can be done either online, from this site, or by phone, e-mail, and regular mail. A personal visit to our office is always welcomed.

2

Qualification

The Applicant should have made the necessary investments during the three years preceding the date of the application, and by its time, all investment payments must be effected in full.

3

Engagement letter

Stelios Americanos & Co. LLC is registered as a service provider in the Registry of the Cyprus Investment Programme, which gives us the right to submit applications on behalf of the Applicants at the Ministry of Interior.

4

Preparation of documents

The initial set of documents consists of copies of foreign passports, certificates of clean criminal record, copies of Schengen visas, marriage certificate, copies of utility bills to confirm the place of residence, etc.

5

Due Diligence Report

It should be issued through an internationally accepted database ensured through a subscription (e.g. World-Check, LexisNexis Diligence, Regulatory DataCorp Inc., etc.). The report must be dated no later than thirty days from the date of its submission.

6

Submission of the Application

The applicant personally, together with all those named in the Application and accompanied by our representative, submits the Application in the prescribed form with all necessary addendums. Also, biometric data is to be given.

7

Getting the residency

Upon the biometric data being submitted the Applicants should receive residence permit cards that could be valid until the formal naturalization while the file goes to the Ministry of Finance and Interior for detailed examination.

8

Naturalization and issue of passports

Not earlier than in 6 months from the date of Application, when certificates of naturalization by the exemption are ready, internal ID cards and passports of the Republic of Cyprus for foreign travel could be issued.

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Cyprus Citizenship for investors