Audited accounts of the applicants company for the three years preceding the year of the application. The foreign migrant can apply for this long-term Immigration Permit if they fall into one of the following categories: Categories A-D: A non-EU member who plans to work as self-employed in agriculture and related areas, miming enterprises, trade or profession, science. 6. This is an opportunity to travel, live and work in the EU countries, as well as to have free access to European markets. At least 3 years of marriage and residing legally in Cyprus are the requirements. There are plenty of advantages of securing a Cyprus citizenship through the investment programme. Cypruss national health service is called the General Healthcare System (GHS). Required documents: Application Form M123; Applicant's birth certificate; Marriage certificate of applicant's parents; Copy of the applicant's and the applicant's parents' passports; Certificate of clean criminal record of the applicant, 4. The whole family, including the spouse of the applicant, children under 18 years old and adult financially dependent children (university students - up to 28 years old) are eligible to apply for citizenship. Cost of living in Cyprus is, on average, 14.12% lower than in United States. The TRNC Consul General Ms Kop says: "Becoming a TRNC citizen is a 3-step process. Certificate of a clean criminal record from the country of origin (or the country of residence in case that differs). You are eligible for a Cypriot passport if you are over 18 years old and have a clean criminal record. Terms and conditions, as well as the selection criteria, apply for all applicants. These are known as co-payments. 11. Frequent question: Is Georgia bigger than Cyprus? Further required documents include contracts of sale, investment plans, and proofs of payment. Family of four estimated monthly costs are 2,845$ (2,411) without rent. Knowing that there are so many potential mistakes you can make and so many things that can go wrong along the way, there is little wonder why most feel overwhelmed by this process. 3. Application for acquisition of citizenship can be submitted by spouses of overseas Cypriots after they have completed at least three years of marriage. How much does it cost to get citizenship in Cyprus? Regarding the visitors visa, it applies when a non-EU resident is: At the immigration office, a non-EU resident should complete an MCYV2 or MVIS2 form to apply for a temporary residency and, depending on the purpose of the request, submit the following documents: As for those applying for the yellow slip, we strongly recommend consulting a lawyer before applying. Corporation tax at 12.5% Turkish citizenship 250. . The minimum stay period is reduced to five years in case the individual's parents or children also live in Cyprus. Contact Federal Authority for Identity and Citizenship for more information. Limassol Winstonfield Residences receives European Property Awards, Pitfalls when investing in property in Cyprus, Property transfer TAX in Cyprus (Transfer Fee), I agree to the personal data processing rules and privacy policy. So, for an educational purpose, we present to your attention the famous investment program of Cyprus. Apart from this, the country stands out due to its high quality of fast-growing life and economy. All this can be yours! Bear an official translation into Greek or English from Press and Information Office. In case the applicant is a high-ranking senior manager,the employment contract and the Department of Inland Revenues receipt are additionally required. The requirement for the applicant is a minimum investment of 2 million euro in real estate, land development, and infrastructure projects. 1. To buy Cyprus citizenship, an investment of a minimum of 2 million is required, which can be invested in construction, a company, investment funds, or building projects, as well as direct real estate purchase. A certificate of purchase of the Cypriot citizenship of the Cypriot spouse, if applicable. Application for Cyprus citizenship can be submitted by foreigners, who have completed a total of 7 years of legal residence in Cyprus (2555 days of staying in Cyprus) before the application date. Here, you will find a step-by-step explanation of it along with the list of documents you must submit when applying. For a successful application for the Naturalization of Investors in Cyprus by Exception, several general requirements need to be met in addition to the above-mentioned criteria. Got any questions? Professional assistance and help are not only required and helpful but essential for a successful application. - The Ministry of Foreign Affairs of the country of origin of the applicant and then the Embassy / Consulate of his country in Cyprus and then certified by the Ministry of Foreign Affairs of Cyprus. Read this article to learn more. This permit allows you to reside temporarily on the island. For children or parents of Cypriot citizens, this period is reduced to 5 years. Citizenship through naturalization For this, the applicant must have lived in Cyprus for longer than 7 years (or 5 years if parents or children also live in Cyprus). State healthcare in Cyprus is not free. The interests of those who cannot stay on the island are also taken into account. Application for Cyprus citizenship can be submitted by foreigners, who have completed a total of 7 years of legal residence in Cyprus (2555 days of staying in Cyprus) before the application date. Give us some input and we will be better equipped to help you out. For issuing an ID/Passport for the First Time, you MUST book an appointment under Category B - First Issue of Identity Card AND Passport (for both documents following the acquisition of Cypriot citizenship). By the way, some Britons found their Cypriot roots just after the United Kingdom left the EU. However, if you decide to stay for more than 90 days, you will have to apply for the pink slip. The main requirements for the application are a clean criminal record and a residency permit in the Republic of Cyprus. If the couple has completed at least five years of marriage and has at least one child, it is not necessary to attach the aforementioned letter. It also gives you the ability to obtain to the medical card, register your car or enroll your children in a Cyprus school. Title/Titles deeds for the financial assets/units purchased. For permanent residence, the investment requirement is less, standing at 300,000. Quick Answer: Why is there no water in North Cyprus? However, you must submit the application personally. If you wish to obtain permanent residency in Cyprus and you are willing to invest in the country, you may apply for a permanent residence permit (Category F) through the standard procedure. The document says that previously submitted applications will be considered, but new ones are no longer accepted. Acquisition of Cypriot Businesses or Companies: Another way to meet the investment criterion is to purchase or participate in Cyprus-established or operating organizations or companies that have an investment cost of at least 2 million. In this chapter, you will learn the most relevant facts about the laws regulating the Cyprus immigration process. Design by, http://www.moi.gov.cy/moi/crmd/crmd.nsf/All/2DC0A53CB22ADF38C22578E300362B51?OpenDocument, http://www.youtube.com/watch?v=Y0US7oR_t3M, http://www.moi.gov.cy/moi/CRMD/CRMD.nsf/All/2DC0A53CB22ADF38C22578E300362B51?OpenDocument. If you want to obtain citizenship, you need to live in marriage for three years, two of them in Cyprus. Application for obtaining Cypriot citizenship. These applications must additionally be accompanied by a letter from the couple stating the reasons for requesting the grant of the Cypriot citizenship to the foreign spouse. If your father or mother has Cypriot citizenship, this also gives you the right to obtain it. These may be commercial, tourist, or residential land development projects. For the actual application, however, an authorized agent has to be chosen, who will then guide the applicant through the due diligence process. Cyprus dual citizenship is allowed under Cypriot Citizenship law; Key provisions - eligibility. Investment in infrastructure projects, land development, real estate. Applications for Cypriot citizenship are submitted through District Administration offices and are processed by the Civil Registry and Migration Department. On the basis of this global interest, the country has given many people the opportunity to acquire citizenship and own a Cypriot passport, ranked 4 in terms of passport power by the Passport Index. The economy is mostly service-oriented, with finance and tourism accounting for the largest industries. Photocopy of receipt for the amount of 300 euros paid as fees. The Title Deeds or Proof of Registration of the contract submitted with the Lands and Surveys Department. Payment proof for the agreed purchase price. According to The Financial Times, Cyprus is ranked 7th out of 12 among countries that offer citizenship by investment. Let's take a look at each in a little more detail. Those EU and non-EU residents who have continuously legally resided in Cyprus for 5 years can be granted permanent residency. For example, if your mother was from Cyprus and you were born between 1960 and 1999, you can apply for citizenship when you reach the age of 21. Furthermore, the applicant should keep in mind the possible consequences for family and assets that might be affected by the choice to buy Cyprus citizenship. Application for a Cypriot Passport and ID Card We will collate all the documents you need into a pack which you can take to the Cypriot Embassy in London. The applicant must have resided continuously in Cyprus through the last 1 year before applying. First, you should know that the Cyprus immigration process differs for EU residents and non-EU citizens. Make the following investments in Cyprus: 2 million by purchasing, establishing or participating in. An exception to the above-mentioned terms is given when the applicant has invested in housing units as part of their above-mentioned investment criterion. Another important condition is that immediately before submitting an application, you need to be on the island for 12 months without a break. For those employees who are citizens of the European Union, the applicant needs to furnish their Registration Certificate (MEU1) or Permanent Registration Certificate of Union Citizen (MEU3). Cyprus, the Mediterraneans third largest island, is known for its warm climate, mineral wealth, rich culture, and natural beauty. The age of majority (18 years) for the main applicant. The process of preparing a comprehensive application may be rather time-consuming and confusing due to the various required forms and the different immigration authorities. Heres the good news though. . Give us some input and we will match you with a How do I get a residence permit in Cyprus? One of the ways to obtain citizenship under Cyprus citizenship law is to marry a Cypriot national. What did this mean? After three years of marriage, it will be necessary to explain why the Cypriot citizenship is required if the person who wants to obtain it does not live in Cyprus. There is a well-established, substantial UK expat community living there. As it is the case with the yellow slip, the pink one received its name due to the colour of the paper it is printed on. Statement of cohabitation from the local authority. At the moment there are only three. To get Cyprus citizenship by investment, the applicant must purchase real estate property worth at least 2 million. If you were born abroad after 1960 and your father was a Cypriot citizen, you are free to apply for citizenship. As part of this criterion, the applicant may acquire special government bonds of the Republic of Cyprus. Category E: a foreigner who have been offered permanent employment in the Republic, which will not create undue local competition. Civil Registry and Migration Department, 1457 Nicosia Tel: 2280 4515 Fax: 2280 4534 email Relevant Forms Application by an alien for certificate of naturalisation 4. 0-14: 15.6%, 15-24: 13.81%, 25-54: 47.04%, 55-64: 11.45%, 65+: 12.09%, Orthodox Christianity (89.1%) In particular, people who invest in the real estate sector and houses for sale in Cyprus can apply for citizenship by living in Cyprus for 5 years along with residence permits that they can obtain. In all these cases, it would be useful to learn Greek. Cypriot origin Well, everything is simple here. Apart from being able to live in a beautiful country, the benefits of getting Cyprus citizenship are many. 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