Immigration Services

We can assist you in all stages relating to relocation.  This can be in the form of residency in Cyprus of Cyprus Citizenship.

Cyprus Citizenship

Investment of €2 million

This includes investments related to the purchase or construction of property or creating developments such as residential or commercial developments, developments in the tourism sector or other infrastructure. However, the investment must be in developable land and there must be an investment plan for its development. Purchase of land in zero growth areas is excluded. There is no need for the additional purchase of residence amounting to € 500.000 in these cases.

Investment in purchase, incorporation or participation in businesses/companies which are situated in Cyprus and which employ at least five citizens of Cyprus

Investing in Alternative Investment Institutions established in Cyprus and licensed by the Cyprus Securities and Exchange Commission which carry out investments exclusively in Cyprus. Within this category is also included the purchase of €2 million in bonds, securities and debentures that are licensed by CySec for companies that demonstrably have a physical presence in Cyprus and are financing their investment objectives.

Or a combination of the above investments provided that the total value is at least € 2 million and the investor may make a purchase of Cypriot government bonds up to € 500,000. Investments should be kept for a period of 3 years.

The parents of an investor may acquire Cypriot citizenship by purchasing an additional residence with market value € 500,000.

Residency

Immigration permits can be issued to third country nationals if the following conditions are satisfied as per the below announcement from the Ministry of Interior.

The applicant should submit a confirmation letter from a financial institution in Cyprus that he/she has deposited a minimum capital of €30.000 into an account, which will be pledged for a period of at least three years. It must be proved that the said amount has been transferred to Cyprus from abroad.

The applicant should prove that he/she has at his/her disposal a secure annual income of at least €30.000. This annual income should increase by €5.000 for every dependent person of his/her family (spouse and children) and by €8.000 for every dependent parent or parent inlaw. This income should derive from abroad, and may include salaries from employment, pensions, dividends from shares, fixed deposits, rents etc. For the calculation of the total amount of the annual income, the spouse’s income may be also taken into consideration

The applicant should submit, together with the application, title deeds or a sale contract in his/her name and/or his/her spouse, which has been officially filed at the Department of Lands and Surveys, of a real estate, of total market value of at least €300.000 (V.A.T. is not included therein) and official payment receipts of at least €200.000 (excluding V.A.T.), irrespective of the delivery date of the real estate. It should be stressed that the full payment of the real estate value shall be settled in an account in a financial institution in Cyprus

The above mentioned amounts must be proven to have been transferred to Cyprus from abroad. It is noted that the real estate purchase may be accepted even when made in the name of a legal person, provided that the applicant and/or his/her spouse are the sole shareholders or the ultimate beneficial owners of it and that this legal person is legally established in the Republic or other member state of the European Union or European Economic Area.

Dependent Persons:

The Immigration Permit issued to an applicant covers his/her spouse and children under the age of 18. Two separate Immigration Permits may be granted to each spouse, if desired, provided that a separate application is submitted and the relevant fee is paid, without being required for the other spouse to satisfy the criterion of the purchase of a property, the secure annual income and the deposit in a financial institution in Cyprus. Children under the age of 18 may be included as dependent persons in both Immigration Permits with the payment of the relevant fee. In the event of the death of an Immigration Permit holder, the spouse is granted an Immigration Permit pursuant to the provisions of Regulation 6(2) of the Aliens and Immigration Regulations with the submission of an application and the payment of the relevant fee, without being required for the other spouse to satisfy the above criteria

An Immigration Permit may also be granted to the parents and parents-in-law of the applicant/holder of an Immigration Permit with the submission of an application and the payment of the relevant fee, with the condition that the applicant/holder of an Immigration Permit presents only an additional annual income of €8.000 for every such dependent parent. It is noted that every such dependent parent, shall submit with his/her application, all the documentation defined in the relevant list.

FastCo provides you with specialized tailored solutions. Our team is comprised of professionals who are fully qualified in their field of expertise.

We are a trusted provider of corporate services including:

– Company registration

– Provision of fiduciary services

– Opening of corporate bank accounts

– Management and administration of companies

– Audits

– Tax planning

– Accounting

www.fastcoregister.com

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