FIND OUT HOW TO APPLY
Cyprus is one of the leading Investment Programmes in Europe. We can guide you on your application to secure a second citizenship, increasing both you and your family’s global mobility.
Our Citizenship by Investment and Residency services enable High Net Worth Individuals to enjoy a globally mobile lifestyle, access to visa free travel throughout Europe and dozens of other countries, a secure investment and an opportunity to build a successful business and life for both them and their families.
AXESA is a strong proponent of an inter-connected world. We agree that regulation and due diligence best practices will ensure the integrity of the investment migration market in the long-run. You can find read more about the specific changes in legislation impacting the requirements for Cypriot Citizenship on AXESAQ.
Rights of Cyprus Citizens
Cypriot Citizenship enables High Net Worth Individuals to enjoy a globally mobile lifestyle, visa free travel throughout Europe and numerous other countries. The “Cyprus Investment Programme” sets out the framework for a secure investment and offers the investor an opportunity to build a fruitful business based in Europe.
It also ensures the investor with the option to relocate to Cyprus (optional) or to any jurisdiction within the European Union. This opens an opportunity to enjoy a high quality of life for both the investor and his/her dependent family members. Once the investor obtains Cyprus Citizenship, his/her successors can also obtain citizenship through their parent’s descendancy.
As an EU Member state, since May 1st 2004, Cyprus passport holders are afforded the same rights as fellow European Union members including:
- The ‘Free Movement of People’; Citizens of EU Member States are able to freely travel, reside, study and work within the 28 countries of the EU, as well as Switzerland, Norway, Iceland and Liechtenstein. An entire family can obtain Cyprus Citizenship i.e. spouse of applicant, children under 18 years, adult dependents (ages 18 to 28) and parents of the main applicant. Children of EU nationals have the right to lower tuition fees within the EU.
- The right to offer services within the EU Member States without any obstacles as an individual/through its EU Company.
- The right to transfer funds between EU Member States, purchase property in any EU Member State and invest in any type of activities.
- The right to freely transfer goods produced in EU Member States between Member States.
To learn more about how we can assist you in applying for the “Cyprus Investment Programme”, specifically before the 15 May 2019, please contact us at the earliest.
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THE LEGAL FRAMEWORK
The legislation to apply for Cyprus Citizenship through the Cyprus Investment Programme (CIP) is governed by the Naturalisation of Investors in Cyprus by Exception Scheme, based on subsection (2) in Section 111A of the Civil Registry Laws of 2002. This was approved by the Cyprus Council of Ministers on the 13 September 2016 and updated most recently on the 13 February 2019.
On the 13 September 2016, the Cyprus Council of Ministers revised the “Cyprus Investment Programme” in an effort to attract more foreign investors and entrepreneurs. This resulted in Cyprus issuing almost 2,000 citizenships to duly approved individuals, a large proportion of which have invested in the real estate sector in Cyprus and positively impacted the GDP growth by over 1% over the past 5-year period.
FIND OUT THE FEES & STEPS INVOLVED
The CIP application can take from 6 to 9 months and requires a minimum investment of EUR 2,000,000.
It is estimated that approximately EUR 6 Billion has been invested in the “Cyprus Investment Programme” providing a source of income for the local economy and enabling vetted Non-EU investors to ‘Go Global’. Recently, on the 13 February 2019 the Council of Ministers revised the criteria further, enhancing both the thresholds and creating a more robust programme with effective changes to be implemented in May 2019.
AXESA advise affluent individual who can demonstrate an impeccable track record and a clear source of funds on Citizenship solutions. We work closely with an array of clients and their trusted advisors throughout South East Asia, the Middle East and Latin America predominantly. Our network of clients and associates include; family offices, trustees, lawyers, immigration … Continue reading Citizenship Criteria
We offer affluent persons who can demonstrate an impeccable track record and a clear source of funds, transparent advice on Citizenship solutions, tailored to their personal, financial and business needs. AXESA work in close collaboration with an international network of wealth managers, real estate advisors and family offices as well as investment managers. Jointly, we … Continue reading Application & Fees