Cyprus, officially the Republic of Cyprus, is an island country in the Eastern Mediterranean and the third largest and third most populous island in the Mediterranean, located south of Turkey, west of Syria and Lebanon, northwest of Israel, north of Egypt, and southeast of Greece.

GOLDEN VISA CYPRUS CITIZENSHIP €2.0 MILLION:

✓ Cyprus offers two golden visa programs through real estate investment.

✓ One for permanent residency and one for citizenship.

✓ The two Cypriot immigration investment schemes are fast and efficient at granting a residency permit and second passport.

✓ Cyprus is a full member of the European Union and English is widely spoken on the island.

PERMANENT RESIDENCY CYPRUS:

✓ Applicants can secure permanent residency in Cyprus through investment in real estate.

✓ The programme is one of the fastest and simplest investor visa programmes in Europe.

✓ It requires an s investment of just €300,000 in the o the property to gain the Cyprus residency permit.

✓ The residency visa is granted within two months and covers the whole family.

✓ It includes parents of both the main applicant and spouse plus dependent children up to the age of 25.

✓ It is valid for life and can be passed down to dependents and spouse.

✓ The permanent residency programme offers ease of travel throughout the European Union and requires just one visit to Cyprus by all family members once every two years.

✓  The investment may be made by a company for which the main applicant and spouse are beneficial owners.

 ✓ The investment can be a maximum of two properties provided they reach the €300,000 permanent residency limit. The properties purchased must be brand new.

Professional Services and Workforce

A very high education index has contributed in developing Cyprus’ labour pool into a very skilled workforce which provides high-quality services and excellent business opportunities, factors which lead Cyprus in evolving as an economic hub and a trade centre in the region.

Strong Legal System and Reliable Land Registry

Cyprus is a member of the Commonwealth and ex-British colony. The legal justice system is based on the common law principles and is similar to India and the UK. Indeed Cyprus contract law is closer to India than the UK. The Land Registry provides security and reliability to all property buyers. A title deed holder is the sole legal owner and freeholder of property.

Tax

Cyprus has the lowest corporate tax in Europe 12,5% and no inheritance tax. It is no coincidence that Cyprus has attracted a lot of international companies to relocate in the island because of its favourable tax system towards entrepreneurs and businesses. Double tax agreements have been signed with more than 40 countries including Russia, China, USA, Qatar and Iran.

Energy

Hydrocarbons reserves have been discovered off the South coast of the island. Already there is a process underway by oil and gas giants Noble (USA), ENI (Italy), KOGAS (S. Korea) and British Gas Group (UK) to exploit the reserves. Cyprus is an emerging energy hub for the Eastern Mediterranean region.

WHY CYPRUS?

  • Cyprus has a very favourable tax regime for individuals and companies residing there. • Over 80% of the country speaks English.
  • And there are excellent education facilities including several UK universities with campuses on the island.
  • Cyprus has the lowest crime rate in Europe and is the 5th safest country in the world.
  • There is a high standard of educational institutions and healthcare facilities.
  • Cyprus is strategically located at the crossroad of three continents; Europe, Asia, and Africa.
  • Cyprus is set to join the EU Schengen zone soon.
  • Property acquired is freehold, there is a low property tax and there is reduced VAT then the property of just 5% (subject to conditions).

INVESTMENT:

FINANCIAL CRITERIA

Collective investment scheme

Organised on behalf of the investor by Patroclos Group for the reduced amount.

Minimum of €2 million in residential property investments net of Tax. 
Purchase and maintain the ownership of residential property worth €500,000 or more. 
Total: €2 million net of Tax

Minimum of €2 million in any property investments net of Tax. 
Purchase and maintain the ownership of residential property worth €500,000 or more. 
Total: €3 million net of Tax

Standard investment scheme Patroclos Group alternatively offers

Minimum of €5 million in any property investments net of Tax. 
Purchase and maintain the ownership of residential property worth €500,000 or more. 
Total: €5.5 million net of Tax

RESIDENCE PERMIT:

FINANCIAL CRITERIA & CONDITIONS:

Minimum of €300,000 in property net of Tax

  • Can be one or two new properties.
  • Must be sold for the first time from the same development company.
  • At least 1 must be residential with the other one can be residential, a shop of a surface of up to 100m² or an office of a surface of up to 250m².
  • Payment must be a transfer from abroad to a Cypriot financial institution.

Create a long term deposit of €30,000

  • Minimum of €30,000.
  • Transferred from abroad to a Cypriot financial institution.
  • Must be pledged to a Cypriot financial institution for at least a three year period.
  • This requirement is increased by €5,000 for every dependent person.

Secure annual income of at least €30,000

  • Investor must prove secure income over €30,000 per year from businesses outside of Cyprus.
  • Income may include salaries from employment, pensions, dividends from shares, fixed deposits, rents etc.
  • This requirement is increased by €5,000 for every dependent person.
  • This requirement is increased by €8,000 for every for every parent of the applicants.

BENEFITS OF THE PROGRAM

The Permanent Residency VISA is forever

  • There is no need for renewal as long as the applicant still owns the property/ies worth €300,000 in Cyprus.

This VISA allows the holder to travel to Cyprus

  • No extra documentation is required.

The whole family can be issued the Permanent Residency VISA

  • Married couples, children under the age of 18 and parents of the applicants are also eligible for the PR VISA.
  • Unmarried children between the ages of 18 and 25, provided they are students or undergraduates and are financially dependent on the applicant. The VISA permit is still valid even if the holder has exceeded the age of 25 years old

Property can be resold

  • The investor can sell the property/ies if he/she wishes to dispose of his VISA.

The VISA is issued within 2 months

  • Swift and simple procedure.

Timing is everything – Taxes and tax benefits for property purchasing

  • For a limited time, 5% VAT on the first property purchase (first 200m²) – Standard VAT rate is 19%
  • For a limited time, there are no Transfer fees if VAT applies – Standard Transfer fees are 3%-8%
  • For a limited time, there is no Capital Gains tax – Standard Capital gains tax is 20%
  • Additional taxes and duties apply (approximately €5,000)

DETAILS:

Cyprus Fact File:

Country name: Republic of Cyprus

Government type: Presidential Democratic Republic

Climate: Temperate; the Mediterranean with warm, dry summers and mild winters

Highest Point: Mount Olympus 1951m

Languages: Greek, English, Turkish

Population: 860,000

Capital: Nicosia

Other major cities: Limassol, Larnaca, Paphos

Currency: Euro €

GDP per Capita: $30,882 (2014 IMF world Economic outlook)

Drives on: Left

Time difference: GMT +2

MEDIA:

Personal and customized service for you:

  • We will welcome you and pick you up with your family from the Airport as soon as you arrive in Cyprus.
  • Chauffer for the duration of your visit will be on offer if you wish.
  • Tour you around Cyprus to experience the way of life and enjoy the beautiful sites.
  • Tour you around your new home and the local area showing the available nearby facilities and points of interest.
  • 3-Day hospitality expenses for your inspection trip in Cyprus are reimbursed to you if you choose to apply for the Cypriot Programs.
  • We guarantee your permit/citizenship application or your money back.
  • After sale service:
    • Property management
    • Property maintenance
    • Rental services
    • Legal Advice (tax, immigration, property etc.)