Cyprus is a commonwealth nation in the Mediterranean that is located South of Turkey and east of Greece. It is a member of the Eurozone and the European Union allowing this small country access to the economic and financial resources of the EU, consequently Cypriot people enjoy a high quality of life, the lowest crime rate in Europe and a long life expectancy.
Cyprus is also a sought after tourist destination for its beautiful beaches, architecture and unique cuisine. This also gives it a reputation as a paradise for retirement. Cypriot people are internationally recognized for their literary history, their sporting prowess and their contributions to cinema. Cyprus has a history that involves several influences from civilizations around the Mediterranean and this shows in their distinctive architecture and lifestyle.
Scheme for Naturalization of Investors in Cyprus by exception
To obtain a passport, applicants must be over 18 years old and not a European citizen. Applicants must purchase a permanent resident by purchase of a 1st time buy immovable property to the value of € 500K Euro’s and hold indefinitely. Clean Criminal Record. €2m Shares are redeemable after 5 years. Applicant must not appear and source of wealth not appear under sanctions of the European Court or similar sanctions list.
Based on subsection (2) of section 111A 19th March 2014, the “Scheme for Naturalization of Investors in Cyprus by exception” has been enacted. 165 applications have been completed as of March 2015.