Citizenship & Residency

Citizenship & Residency

Citizenship-by-Investment

Naturalization by Exception is available pursuant to the "Scheme for Naturalisation of Investors in Cyprus by Exception" on the basis of Section 111A (2) of the Civil Registry Laws of 2002-2013, based on a Council of Ministers decision, reducing the amount of investment from 2.5 million to 2 million euros and giving the opportunity to the applicants to include their parents in to the application by adding 500 000 euro worth of property.

In virtue of this law, the Cyprus Council of Ministers may grant citizenship by naturalization to foreign entrepreneurs. Additionally, the Cyprus Citizenship by Investment law provides for the granting of the Cypriot citizenship by investment to the spouse as well as financially dependent adult children of the investor.

Residency by Investment

In line with the Government’s intent to attract foreign investment and help economic development, a fast-track procedure for third-country nationals who wish to relocate and take up permanent residency to Cyprus has been introduced. Regulation 6(2) of the Aliens and Immigration Regulations outlines certain conditions to be met in order to take advantage of this new program. Some of these conditions are:

  • Purchase of a property with market value 300 000 euro + VAT
  • Stable source of foreign income of at least 30 000 euro
  • Deposit of 30 000 euro locked for three years
  • Clear Criminal Record
  • Initial funds to be transferred from abroad
Business Relocations to Cyprus

There are numerous advantages in choosing to relocate your business in Cyprus. These are:

  • A friendly and safe business and social environment
  • Generous Tax Advantages
  • A regulated legal and financial network

In addition to the above Cyprus offers:

  • High Quality of life
  • Great weather with more than 8 months a year of bright/sunny periods
  • Gorgeous Beaches
  • Fabulous everyday social events
  • Friendly/helpful culture
  • Small distances / fast commuting

We at ALTA can facilitate for all the above by shouldering the related effort in:

  • Registering your Company
  • Finding and setting up your new office
  • Completing all necessary paperwork
  • Obtaining all necessary licenses and permits
  • Recruiting on your behalf skilful and experienced staff