info@cyprivita.com

Citizenship Procedure

EU Citizenship By Investment in Cyprus on
Real Estate of at least 2 millions euros, for 3 years.

EU CITIZENSHIP BY INVESTMENT in Cyprus on Real Estate of at least 2 millions euros, for 3 years, in:

BASIC STEPS TO OBTAIN DUAL CITIZENSHIP

  1. Fill out a basic questionnaire and send out the potential investor’s basic information, in order to evaluate his eligibility.
  2. Invitation to the potential investor, in order for him to be able to visit Cyprus as visitor, in case he is not able to do so with touristic Visa.
  3. Short term visit in Cyprus, in order to be able to choose the real estate he wants to invest.
  4. During his visit, the investor will contact the legal office which will undertake the passport issuance procedure and carries out a legal due diligence, in order to create the investor’s profile, according to the legislation against money laundering (AML). Evaluation by the legal office for the possibility of Citizenship acquisition.
  5. The type of investment will be chosen between three options:
    • Purchase of existing building or buildings.
    • Purchase of a building or buildings that are under construction by a construction company with existing permit.
    • Purchase of a building or buildings that will be constructed in a specified plot, upon permit’s issuance.
  6. Collection and evaluation of the necessary documents for Citizenship application.
  7. Signing of Purchase Contract for the real estate that has been chosen.
  8. Payment of €2,000,000 without VAT (if it exists) + legal fees.
  9. Registration of the Citizenship Application.
  10. Registration of Residence Permit Application (the approval is expected within 15 days).
  11. Approval of the Citizenship Application, in about 3-4 months upon the application’s registration.
  12. Passport issuance, about 6 months after the issuance of the Residence Permit.

In case the Buyer decides to buy/develop a property, then there is a delay in the Citizenship application submission, until the issuance of the building permit. In the case, the Letter of Guarantee, is partially refunded by us.

The fees will be partially deposited upon the beginning of the process until its completion.