Cyprus Investment Program

Cyprus Investment Program

Starting from March 19, 2014, according to the Cyprus law, the non-Europeans investing 2 million euro in the economy of Cyprus have the opportunity to obtain Cyprus citizenship. Simon Zenios & Co LLC provides a service package to facilitate the submission of individual and collective investment citizenship applications as well as to make sure all of your family members receive Cyprus passports in a timely manner.

  • The investor is entitled to sell its investments after three years. However, he must hold possession of at least 500 000 Euro worth of residential property (+ VAT if applicable)
  • Dual-citizenship permitted, and the acquisition of citizenship in Cyprus is not reporting to other countries
  • No history or language proficiency tests
  • Visa-free travel to 157 countries worldwide, including all the European Union countries, Canada and Australia amongst others
  • No double taxation in Cyprus, international tax planning tool and financial confidentiality to the Cyprus passport holders
  • Numerous education options in the European universities which feature lower tuition fees
  • No requirement to reside in Cyprus either before, during or after the approval of the citizenship application
  • The citizenship is given to the whole family – husband, wife and all financially dependent children under 28 years old
  • All the rights of an EU citizen protected by EU legislation and regulations include the following: freedom to reside, work, do business, study and travel anywhere in the EU, Switzerland, Liechtenstein, Norway and Iceland

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