Purchase property (multiple or single properties) for a value of Euro 2M +VAT. Of such amount, a residential property purchased for at least Euro 500,000 +VAT must be earmarked and kept as prime residence. The balance of Euro 1.5M + VAT will be invested in other properties which the investor applicant must retain for 5 years. During those 5 years, the investor may let the properties if he/she so wishes. After such time, the said properties (other than the prime residential property) may be sold.
Purchase a single property for Euro 2M +VAT. Must be maintained indefinitely.
• A mandatory donation of € 75,000 to the Foundation for Research and Innovation to promote the creation of an entrepreneurial innovation ecosystem.
• A mandatory donation of € 75,000 to the Cyprus Land Development Corporation, aiming at the contribution to the integrated housing policy, specifically for the purpose of implementing affordable housing projects and the implementation of other housing plans / measures.
• The inclusion of investments in the shipping sector in the eligible investments, on the basis of specific measurable criteria as well as in registered Alternative Investment Funds in the eligible investments,
• The applicant must have a Schengen visa in order to be able to apply for naturalization and a clean criminal record.