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A Second Passport
In Months

Having a second passport gives you the freedom to travel, whether for work, personal, or education

A Better Quality
Of Life

Give yourself more financial options. Open a bank account where you please and take your business to different places.

A Secure Future For
You & Your Family

It is a time to secure your children and grandchildren’s future where they can live, study and work.

Why choose Cyprus?

A modern country that effortlessly marries European culture with keeping the glory of ancient heritage. Cyprus has something to offer every month of the year to its comers to enjoy golden beautiful beaches with crystal clear waters, pine-scented forests, superb climate, safe and stable settings ideal for luxurious life style. It is recently being known as a very appealing destination for non EU foreign nationals who are seeking to obtain permanent residency and citizenship statuses in one of EU countries by satisfying investment’s specific criteria.

 

In 2013, an announcement by the Ministry of Interior of the Republic of Cyprus was issued, stating that Immigration Permits (Citizenship and Permanent Residence) will be issued to third country nationals if they fulfil certain criteria and terms.

BENEFITS

  • Citizenship obtained within 3 months
  • Citizenship in EU
  • Dual Citizenship is permitted; there is no need to denounce other citizenship
  • No physical residence requirements during or after the application procedure (the only requirement is one visit every 7 years)
  • Visa-free travel to 159 countries around the world
  • Citizens have the right to live and work anywhere within 28 countries of the EU
  • Citizens have the right to attend schools and universities within any EU country at special tuition rates for EU nationals
  • Access to well established EU healthcare systems
  • Citizenship can be passed to future generations by descent
  • Beneficial tax regime for Cypriot passport holders, no foreign income tax, no inheritance tax, no withholding tax on interest earned and lowest taxation rates in Europe for residents
  • Cyprus Residence Permit is issued within 5 days from the submission of a joint application for residency and citizenship by investment.
  • Citizens of EU countries are well accepted and welcomed internationally
  • Family members (spouses, unmarried children below the age of 28 and dependent parents of applicant or his/ her spouse) may obtain citizenship

Qualifications

  • The applicant must hold a valid passport
  • Applicants must not hold criminal record
  • The applicant must be non EU National
  • The applicant must be over 18
  • The applicant must make the appropriate investment
  • The applicant must possess a permanent privately-owned residence in the Republic of Cyprus, the purchase price of which must be at least €500,000, plus (VAT)
  • Chosen investments must be retained at least three years after gaining the Cypriot nationality
  • The applicant should have made the necessary investments within the three years preceding the date of the submission of the Citizenship application
  • The applicant must provide proofs supporting the source and origin of the declared funds for the investment
  • The applicant, prior to his/her naturalization as a Cypriot citizen must hold a residence permit in Cyprus. If not, the simultaneous application for both residency and citizenship for non-residents
  • Children must be (1) under age 28 and unmarried; or (2) full-time students aged 18-28 who are dependent on their parents and living with (and fully supported by) the applicant or (3) children with severe physical or mental disabilities
  • Main applicant’s parents can be included, provided an additional investment of minimum €500,000 be made in residential property

Timeline & Procedure

The Cypriot passport can be obtained within 3 months.

Month 1-2 Step 1 Selection of the appropriate investment option.   File Preparation process beings.

Collection of documents, office fees, government fees and initial deposit in Cyprus is due at this stage.

Month 2-3 Step 2 Investment is made in the selected option
Citizenship File submission to Civil Registry and Migration Department
Month 4-6 Step 3 Issuance of “Approved in Principal Letter’’ by the Civil Registry and Migration Department
Step 4 Naturalization Certificate is issued
Step 5 Submission of passport application. Issuance of passport

Visa Free Travel

Americas

Anguilla

Antigua & Barbuda

Argentina

Aruba

Bahamas

Barbados

Belize

Bermuda

Bolivia

Brazil

British Virgin Islands

Canada

Cayman Islands

Columbia

Costa Rica

Curacao

Chile

Dominica

Dominican Republic

Dutch Caribbean

Ecuador

El Salvador

Falkland Islands

French Guiana

Greenland

Grenada

Guadeloupe

Guatemala

Haiti

Honduras

Jamaica

Martinique

Mexico

Montserrat

Nicaragua

Panama

Paraguay

Peru

St Barthélemy

St Kitts & Nevis

St Lucia

St Maarten

St Martin

St Pierre & Miquelon

St Vincent

Trinidad & Tobago

Turks & Caicos

Uruguay

Venezuela

Africa

Botswana

Comoros

Djibouti

Egypt

Gambia

Kenya

Lesotho

Madagascar

Mauritius

Mayotte

Morocco

Mozambique

Reunion

Bulgaria

St Helena

Seychelles

South Africa

Swaziland

Tanzania

Togo

Tunisia

Uganda

Zambia

Zimbabwe

Asia

Armenia

Bangladesh

Brunei

Cambodia

Darussalam

Georgia

Hong Kong

Indonesia

Iraq

Israel

Japan

Jordan

Kyrgyzstan

Laos

Lebanon

Macau

Malaysia

Maldives

Nepal

Oman

Philippines

Singapore

South Korea

Sri Lanka

Taiwan

Timor Leste

Oceania

Australia

Cook Islands

Micronesia

Fiji

French Polynesia

Kiribati

Marshall Islands

Nauru

New Caledonia

New Zealand

Niue

Palau

Papua New Guinea

Samoa

Tokelau

Tonga

Tuvalu

Vanuatu

Wallis & Futuna

Europe

Albania

Andorra

Austria

Belgium

Bosnia & Herzegovina
Bulgaria

Croatia

Cyprus

Czech Republic

Denmark

Estonia Faroe Islands

Finland

France

Germany

Greece

Guernsey

Hungary

Iceland

Ireland

Isle of Man

Italy

Jersey

Latvia

Liechtenstein

Lithuania

Luxembourg

Macedonia

Malta

Moldova

Monaco

Montenegro

Netherlands

Norway

Poland

Portugal

Romania

San Marino

Serbia

Slovakia

Slovenia

Spain

Sweden

Switzerland

Turkey

Ukraine

United Kingdom

Vatican City

Investment Schemes

The applicant must own a permanent residence in Cyprus with a minimum value of € 500,000 (excluding VAT) in addition to the one of the following investment schemes with maintaining it for the required duration of 3 years.

 

Α.1) Investment in Real Estate, Land Development and Infrastructure projects: The applicant must invest at least €2 million for the purchase or construction of immovable property or development creation such as residential or commercial developments, developments in the tourism sector or other infrastructure projects

 

* In cases where the applicant invests at least €2 million in one or more residential properties then the applicant is not required to further purchase another residence

 

Α.2) Investment in Financial Assets of Cypriot Companies or Cypriot Organizations:

The applicant must invest €2 million in order to purchase, create or participate in businesses or companies based and operating in the Republic of Cyprus. These businesses or companies must have a physical presence in Cyprus, substantial activity and a significant turnover and must also employ at least 5 Cypriot citizens or European Union citizens who during the five years preceding the filing of the application were residing in the Republic of Cyprus;

 

Α.3) Investment in Alternative Investment Funds or Financial Assets of Cypriot Companies or Cypriot Organizations that are licensed by CYSEC :

The applicant must invest at least €2 million in Alternative Investment Funds established in Cyprus, licensed and supervised by the Cyprus Securities and Exchange Commission and exclusively making their investments in the Republic of Cyprus.

 

Α.4) Combination of the aforementioned investments:

The applicant may proceed with a combination of the above, provided that the total investment will amount to a minimum of €2 million

Within this criterion, the applicant may include the purchase of special government bonds of the Republic of Cyprus of up to EUR 500,000.

 

*In case that the purchase value of the permanent privately owned residence in Cyprus exceeds the amount of €500,000, part of this additional amount can be used for purposes of supplementing the total amount of the investment made on the basis of the criteria of Part A above.

Legal Basis

According to the decision of the Council of Ministers dated on March 19th, 2014, Scheme for Naturalization of investors in Cyprus by Exception on the basis of subsection (2) of section 111A of the Civil Registry Laws of 2002-2013 had been approved.

 

On the basis of the Scheme, a non-Cypriot citizen, who meets one of the investment schemes criteria (A), either personally or through a company may apply for the acquisition of the Cypriot citizenship through naturalization by exception.

 

On September 13th,2016, the Council of Ministers has introduced a Decision amending the criteria for acquiring the Cyprus Citizenship by Investment. The main amendments relate with the reduction of the minimum investment amount to €2 million and the inclusion of the investors’ parents: Investors’ parents can also apply for obtaining the Cyprus Citizenship along with the investors’ minor and adult dependent children (up to the age of 28).

“Bluemina has a great professional team, my application was completed and submitted within days.”

Dr. Hussein M
Iraq

“Bluemina took care of the whole process, I just handed my documents and left the rest to them.”

Vijit S
UAE

“Bluemina is all about service. Very smooth and easy application.”

Tareq H
Jordan

“Received my passport in 2 and a half months from Bluemina.”

Mona F
Jordan

“Bluemina really helped me decide what citizenship program was right for me and my family.”

Ramez H
Jordan

“Have had my passport for 5 years, still recommend Bluemina to my friends and collegues.”

Dr. Sahar S
Iraq

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