Honorary Citizenship Cyprus Costs
Honorary Citizenship Cyprus Costs | GCI. We are the world's leading experts in advising foreign investors on Citizenship & Residency by Investment.
What costs are expected?
1. Donation into an Alternative Investment Funds or financial assets of Cypriot enterprises or Cypriot organizations:
By choosing this option, you must deposit €2 million for the purchase of Units form Alternative Investment Funds (AIF) or bonds of financial assets of Cypriot businesses or organizations. This criterion also covers the purchase of financial assets of Cypriot businesses or organizations for at least EUR 2 million, in the form of bonds, securities and debt securities.
2. Investment in real estate, developments and infrastructure projects:
By choosing this option, you should make an investment of at least EUR 2 million for the purchase or construction of buildings or for the construction of other land development projects (residential or commercial developments, developments in the tourism sector) or other infrastructure projects. It is noted that investment in land under development is included in this criterion, provided that an investment plan for the development of the purchased land will be included in the application. It is understood that investment in land that is situated in a building zone of zero development, is excluded.
3. Purchase, establishment, or participation in Cypriot businesses and companies:
You must make an investment of at least EUR 2 million in the purchase, creation or participation in businesses or companies that are based and operating in the Republic. These businesses or companies should have a demonstrable and tangible presence in Cyprus and employ at least five Cypriot citizens. The minimum number of employees shall increase, if more than one applicant invest simultaneously or almost simultaneously in the same business or company. In addition, the employees of the companies need to have legally and continuously resided in Cyprus during the five years preceding the application submission date.