Cyprus Investment Programs

CITIZENSHIP & PERMANENT RESIDENCE INVESTMENT PROGRAMS

BPP Brokers offers investment packages to clients that either want to acquire Citizenship or Permanent Residence in the Republic of Cyprus. All Real Estate investments can be tailored to our client request and needs with the objective of maximizing the profitability of their investment.

BENEFITS OF EU/CYPRIOT PASSPORT

• Dual Citizenship
• Visa-free travel to 157 countries
• Cyprus ideal geographic positioning, located on the crossroad of three Continents
• Beneficial Corporate Tax Structure
• No Inheritance Tax
• Comprehensive Double Tax Treaty Network
• Penetrate your business into the European Markets

CITIZENSHIP INVESTMENT PROGRAM

Acquire an EU passport and receive a full Cyprus nationality through the Citizenship investment program.

Procedure:

1. A combination of residential Real Estate investments of €2,000.000 in the Republic of Cyprus, out of which €500,000 will be for a private residence.
2. Applicants can also invest in Bonds or in Alternative Investment Organizations, out of which the applicant should invest €2,000.000 plus €500,000 for a Residential Real Estate.
3. Clean Criminal Record certificate from applicant’s country of origin.
4. Proof that the investment funds have been originated from legitimate sources outside of Cyprus.

In addition the applicant must:

1. Research donation
   

   Donate at least €75, 000 to the Research and Innovation Foundation. This requirement is waived if applicant has invested in innovative/social enterprise or the purchase of Cypriot companies

2. Donation to Affordable Housing
   

   Donate at least €75.000 to the Cyprus Land Development Corporation for the financing of housing schemes for affordable housing, but also for the materialization of other housing schemes/measures. This condition cannot be waived

   Important Note: Both of the above two options, any additional amount donated is used to supplement the total amount of the investment made on the basis of the criteria EUR 2 million investment in property, business, funds.

3. Schengen Visa
   

   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

   Applicants must compulsarily own permanent privately-owned residence in the Republic of Cyprus, the purchase price of which must be at least €500.000, + V.A.T

4. Due diligence
   

   Present a Certificate of Clean Criminal Record from the country of origin and the country of residence and provide a Due Diligence Report issued through an internationally accepted database ensured through a subscription (e.g. WolrdCheck, LexisNexis Diligence, Regulatory DataCorp Inc. etc.). The report must be dated no later than thirty days from the date of its submission.

5. Bonds, bills and securities
   

   Although government bonds or securities removed, the purchase of financial assets of Cypriot companies or organizations of at least €2 million, such as bonds, bills and securities, issued with the approval of the CySec.

   Important Note: Purchase by an AIF or RAIF of units of other AIFs or RAIFs is not considered eligible.

   The Ministry has created a specific page dedicated for Cyprus investment program effective from 15 May. The website is available here

PERMANENT RESIDENCE PROGRAM

Obtain the right to live in Cyprus permanently, by purchasing real estate assets.

Procedure:

1. Purchase in Cyprus numerous Real Estate properties with a total purchase cost of €300,000 (excluding VAT). Real Estate properties can be either Residential or Commercial properties
2. At least €200,000 (excluding VAT) of the purchase cost must be settled
3. A steady and secure annual income should be transferred on a regular basis from overseas to an operating bank in Cyprus. The annual income should derive from sources other than employment in Cyprus, such as salaries from employment, pensions, dividends from shares, fixed deposits, rents etc.
4. Applicants should transfer the amount of €30,000 from abroad and deposit it in an operating bank in Cyprus for a 3-year period