Cyprus Citizenship By Investment Programme 2019
Looking to obtain a top-tier EU passport by property investment fast? The Cyprus Citizenship By Investment Programme give high net worth South Africans the ability to gain EU citizenship by investment in 6 months. The process is fast, simple and efficient, and serves as the ultimate Plan B against socio-economic and political risks in countries such as South Africa, Zimbabwe and further afield.
With the outlook in SA deteriorating by the day, now is the time to take action and secure your family’s future. Discover the benefits of obtaining a Cypriot passport by investment, or contact us today for a free consultation.
Key programme overview 2019
Often referred to as the leading EU Golden Passport Programme, the Cyprus CBI programme is one of the worlds’ leading investment citizenship programmes, and with good reason: In addition to giving applicants access to one of the world’s most powerful travel documents and EU citizenship rights, Cyprus is also considered a highly attractive property investment destination by discerning real estate investors worldwide.
The CCBI scheme is widely credited as having helped the country recover from the last financial crisis.
As of the beginning of 2019, the ability to obtain Cypriot citizenship through naturalisation by exception is a closing window of opportunity. Brussels is coming under pressure to curb EU nations’ ability to issue citizenship to third country nationals with to curb potential money laundering risks and programme abuses, thus appeasing concerns from EU nations who do not offer citizenship by investment or investment residency programmes.
The rise of nationalistic forces within Europe looks set to increase the pressure on countries offering such programmes, and it looks likely that countries offering CIP programmes will be forced to introduce volume caps, higher investment thresholds and more onerous application requirements in the near future.
Property Investment Options 2019
-
Option 1: Residential Property Investment: For the time being, an investment of €2 million rand into government approved residential real estate, is sufficient to grant the investor and their immediate family members the ability to apply for EU citizenship and passports.
The qualifying investment must be maintained for a period of 3 years, with the understanding that the investment citizen will maintain a property investment of no less than €500,000 even beyond this period for as long as Cypriot citizenship status is enjoyed.
Option 2: Commercial Property and Residential Property Investment: Alternatively, the third country investor has the option to invest in government approved commercial property worth €2 million, with an additional €500,000 residential property investment being required.
Option 3: Commercial Property and Government Bonds: A third option is to invest €2 million in qualifying commercial property, along with an additional investment of €500,000 in government issued bonds.