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CYPRUS INVESTMENT PROGRAM (CIP)

Posted by Baractariu Olga on 30/07/2019
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Today, more and more of our clients are interested in information: What are the conditions of the CYPRUS INVESTMENT PROGRAM? How to get a RESIDENT PERMIT in Cyprus? And finally, what kind of property to choose as an investment?

Such interest is obvious because the convenient location of Cyprus makes it an attractive place for business and residence. We would like to note, that Cyprus is one of the few European countries where the RESIDENT PERMIT really is relatively SIMPLE.

Our company provides answers to these questions and offers PROPERTY for these options.

 CYPRUS INVESTMENT PROGRAM RESIDENTIAL PROPERTIES COMMERCIAL PROPERTIES
PRIMARY INVESTMENT 500,000 € (+ VAT if applicable) 2 mln €(+ VAT if applicable)
ADDITIONAL CONDITIONS Optional investment 1,5 mln €( +VAT)
if applicable
Purchase of private property of minimum 500,000 €(+ VAT if applicable)
TOTAL AMOUNT 2 mln € (+ VAT if applicable) 2,5 mln € (+ VAT if applicable)

In addition to the qualifying investment criteria, there will be two new donation components added to the revised CIP that total €150,000:
– A donation of €75,000 to the Foundation for Research and Innovation to promote the creation of an entrepreneurial innovation system
– A donation of €75,000 contribution to the Land Development Agency to fund affordable housing initiatives.

The applicant must have a Schengen visa in order to be able to apply for naturalization.

RESIDENT PERMIT

Purchase a property or other primary property in the amount of 300,000 € (+ VAT) and you AUTOMATICALLY receive RESIDENT PERMIT in Cyprus. The program allows for the purchase of two objects.

Examples of properties that are suitable for (CIP) and RESIDENT PERMIT

1) Ready projects with profitability: 

AMATHUS APARTMENTS & MAISONETTES, READY PROJECT Custom ID: MDM1043

THE EDGE – BUSINESS CENTER – CITY CENTER – AGIOS NIKOLAOS Custom ID: MDGD998

2) Villa or apartment for living:

ADONIS BEACH VILLAS Custom ID: MDLE1001

NEO TOWERS Custom ID: MDP1054

MONTEBELLO MANSIONS Custom ID: MDPP1032

3) Package of objects:

DASOUDI RESIDENCE Custom ID: MDCR1042

MALAMA SEAVIEW VILLAS Custom ID: MDK1060

ACADEMIA TOWER Larnaca Custom ID: MDPL1056

CITY RESIDENCE Larnaca Custom ID: MDL192

SUNPATH Complex in Larnaca Custom ID: MDL186

For our part, we are pleased to provide a full amount of information regarding properties; their relevance in the market, as far as they are promising, we will tell about cooperation with proven developers and of course about possible discounts!

We will describe in detail the main conditions and requirements for program participants, as well as help in the preparation of the necessary documents.

Welcome to Cyprus!

MAJESTY REAL ESTATE Team

 

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