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Cyprus Citizenship by Investment

Boasting a rich and diverse culture, Cyprus offers investors a safe and stable environment which is ideal for raising families. The Cyprus Citizenship by Investment Program is ideal for business and investment purposes recognising numerous investment opportunities for investors.

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Cyprus Citizenship by Investment

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  1. Cyprus Citizenship by Investment Savory And Partners

  2. INTRODUCTION In 1984 St. Kitts and Nevis introduced the first Citizenship by Investment Program, soon after the other Caribbean countries followed. Some of these programs are the oldest, most reputable programs that are still functioning today. Much like the European Programs, which were modeled on these programs, they aim to increase domestic investments. In return, the investors obtain the right to live and enjoy all the benefits that the country’s systems provide. While most programs are built around a similar framework, each has its specific requirements and offers different benefits.

  3. About Boasting a rich and diverse culture, Cyprus offers investors a safe and stable environment which is ideal for raising families. At the crossroads of Europe, Asia, Africa and the Middle East, Cyprus is the perfect setting for global travel. An important member of the European Union, it is also an active member of the British Commonwealth. The Cyprus Citizenship by Investment Program is ideal for business and investment purposes recognising numerous investment opportunities for investors.

  4. Legal Basis The Cyprus Citizenship Program is now one of the fastest in Europe and is pursuant to the “Scheme for Naturalisation of Investors in Cyprus by Exception” on the basis of Section 111A (2) of the Civil Registry Laws of 2002-2013, based on a Council of Ministers decision dated 19th March 2014. On 24 May 2013, Pursuant to subsection (2) of section 111A of the Civil Registry Laws of 2002-2013. In virtue of this law, the Cyprus Council of Ministers may grant citizenship by naturalization to foreign entrepreneurs. Therefore, enforcing favourable immigration policies and further fostering a way of obtaining Cyprus Citizenship by Investment. The new regulations simplify the entire procedure in both time and formalities.

  5. Conclusion Additionally, the law provides for the granting of the Cypriot citizenship to the spouse as well as financially dependent adult children of the investor. Neither the spouse nor the children are obliged to meet any additional financial criteria.

  6. THANK YOU Office C11 19th Floor, I-Rise Tower, Barsha Heights, Dubai, UAE P.O BOX - 336163 • Email us: info@savoryandpartners.com • Web: https://www.savoryandpartners.com/ Mobile : +971 54 440 2955 Landline : +971 4 430 1717

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