Cyprus Passport Program Policies

1. Introduction to the Cyprus Passport Project

Section 111A of the Cyprus National Immigration Act of March 19, 2014, Section (2) provides for the "Cyprus Investor Amnesty Naturalization Program", the Act It is clarified that overseas persons can acquire nationality and obtain a Cyprus passport by purchasing property in Cyprus. The way to obtain this passport project is the same as in most countries, by purchasing real estate. This method has also been adopted by most countries, especially in European countries, where it is very common to buy a house and obtain a passport and permanent residence status.

2. Application conditions for the Cyprus passport project

Generally speaking, obtaining a Cyprus passport requires purchasing real estate. For applicants, there are two ways to purchase real estate. Applicants can choose according to their own needs, and the gap between the two is very small.

1. Purchase of real estate

Applicants must purchase one or more self-occupied properties in Cyprus with a net value of not less than 2 million euros. The property must be held for at least 3 years. After that, the investor only needs to keep the self-occupied property worth no less than 500,000 euros in his name and hold it permanently. The remaining properties can be disposed of at will.

2. Investment in real estate

The investor invests in a commercial real estate + self-occupied real estate portfolio of at least 2.5 million euros in Cyprus. After holding the real estate for 3 years, the investor’s name needs to be retained The self-occupied property with a value of not less than 500,000 euros shall be held permanently and the remaining properties may be disposed of at will.

3. Requirements for applicants

1) Non-EU citizens

2) Over 18 years old

3) No crime Records

4) Complete the required full investment

4. Application conditions that subsidiary applicants need to meet

1) Legal spouse

2) Children: Children under the age of 28, among whom children aged 18-27 need to provide proof of full-time study;

3) Parents of the main applicant: If the parents are accompanying them, the main applicant is required to purchase another set A self-occupied property with a net value of 500,000 euros and held permanently. The parents of the main applicant can also join Cyprus nationality and apply for citizenship;

4) The parents of the main applicant’s spouse: can apply for Cyprus permanent residence Residency status.

3. Cyprus Passport Project Process

The Cyprus Passport Project process is not complicated, and the cycle is relatively short, which is very suitable for applicants who have urgent needs for the passport project.

1. Consultation, evaluation, and contract signing

Aozhen Immigration will first conduct an evaluation based on the applicant’s conditions and carry out relevant preliminary preparations

2. Go to Investigate commercial/real estate projects in Cyprus

3. Authorize a lawyer and sign the contract

4. Pay the house payment and prepare immigration materials

After signing the Cyprus house purchase contract Afterwards, the applicant needs to pay the full house payment and taxes, complete the housing registration process, and prepare immigration materials.

5. Lawyer submits citizenship application documents

After preparing immigration application materials, the authorized lawyer needs to submit citizenship application documents to the Cyprus Ministry of Interior.

6. Take fingerprints upon entry, take an oath of naturalization, and get a passport

When applying, you need to take fingerprints when entering the country, and then take an oath to become a Cypriot national. In this way, you will obtain a Cypriot passport.

IV. Advantages of the Cyprus Passport Project

1. Short passport application period

It is convenient to apply for Cyprus, and the entire application period generally only takes about 6-7 months. .

2. Low requirements for applicants

There are no requirements for applicants’ language, residence and other conditions, and dual nationality is allowed.

3. Enjoy EU welfare benefits

1) High-quality education

Children holding Cyprus passports can go to school in any EU country and enjoy the same benefits as residents of that country. Educational benefits;

2) Living convenience

Applicants holding a Cyprus passport can freely settle and live in EU member countries;

3) Social benefits< /p>

With a Cyprus passport, you enjoy the same employment, education, medical care, social security and other benefits as local residents.

4. Preserve wealth and assets

1) It can avoid tax avoidance by individuals and enterprises, and can effectively avoid CRS information exchange;

2) Integrate enterprises to list overseas , very convenient;

3) It has the functions of family trust, avoiding inheritance tax and dispersing wealth.