Cyprus
Investment Programmes in Caribbean & EU Countries Second Citizenship
Dominica’s investment programme is known for its affordability and straightforward process, making it an attractive option for those seeking to acquire citizenship through investment while enjoying significant global mobility and tax benefits.
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Requirements
Requirements:
- Eligibility:
- Must be at least 18 years old.
- No criminal record.
- Pass a due diligence check.
- Good health condition.
- Investment Options:
- Cyprus Permanent Residency by Investment:
- Minimum Investment: €300,000 EUR in residential property or real estate.
- The property must be held for at least 5 years.
- Cyprus Citizenship by Investment (Note: The citizenship program was suspended in 2020, but the residency program is still available):
- Minimum Investment: €2 million EUR in real estate or other approved investments.
- Additional €150,000 EUR donation to the Cyprus Land Development Corporation (CLDC).
- Hold the investment for at least 5 years.
- Cyprus Permanent Residency by Investment:
- Dependents:
- Spouse, children under 18, and children up to 28 who are financially dependent and enrolled in higher education can be included in the application.
- Eligibility:
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Benefits
Permanent Residency:
- Right to live, work, and study in Cyprus.
- Visa-free or visa-on-arrival access to Schengen Area countries.
Citizenship (If Applicable):
- Full citizenship for life, including for family members.
- Dual citizenship is allowed.
- Visa-free or visa-on-arrival access to over 170 countries.
Tax Benefits:
- Favorable tax regime including low personal income tax rates and no inheritance tax.
Lifestyle:
- Access to a high standard of living in a Mediterranean setting.
- Quality healthcare and education.
Business Opportunities:
- Strategic location for business operations within the EU and the broader Mediterranean region.
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Fees:
Application Fee:
Permanent Residency: €500 EUR for the main applicant, €500 EUR for each dependent.
Citizenship (If applicable): €2,000 EUR for the main applicant, €500 EUR for each dependent.
Due Diligence Fee
- Typically included in the overall legal and processing fees.
Government Processing Fees:
- Additional fees for legal representation, document processing, and administrative costs.
Legal and Other Fees
Costs for legal services and administrative processing, which can vary depending on the complexity of the application and the legal advisor.
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Processing Time
Permanent Residency: Generally takes about 2-3 months from the submission of a complete application.
Citizenship (If applicable): Was typically around 6-8 months but is no longer available.
