Cyprus citizenship by investment
The Cyprus citizenship by investment program is due to undergo changes as part of the Brexit negotiations. Clients should contact us immediately to ensure that their application falls into the current scheme before it is too late.
Speak to our expert lawyers by calling 020 7118 4546 or email: info@westkin.com
Why choose Westkin Associates?
Over £361 million invested
Westkin Associates has a long history of working with high-net-worth individuals and families to not only gain citizenship but to ensure that they are making wise investments. We work with the largest property developer in Cyprus, meaning you will have peace of mind for both the investment and the application process. Over our years of service, our clients have trusted us to help them with investments totalling over £361 million.
World-class experts
Our expert legal staff are experienced in every aspect of immigration law and have over 80 years of combined experience. They have successfully overturned wrongful Home Office decisions and are constantly up-date on immigration changes and Brexit. We are confident that whatever your status, our lawyers can help.
For a no-obligation discussion with world-class experts call 020 7118 4546 or email info@westkin.com
Cyprus Second Passport benefits
The Cyprus citizenship program through investment is widely considered the fastest way of securing EU citizenship for yourself and your family as this can be secured within 6 months. Below are just a few examples of additional key benefits of this scheme.
- You can secure citizenship for your whole family!
This includes children up to the age of 28 as well as your parents. - You can be a dual citizen
Cyprus permits dual citizenship meaning that you won’t need to give up your own passport and can claim a second EU passport. - Favourable tax system
Cyprus enjoys a favourable tax system with no taxes for non-domiciled individuals; no dividend tax and no inheritance tax. - World-class education
Europe is home to the world’s leading universities, and with an EU passport, your family can enjoy a high-quality education without the huge costs. EU citizenship can reduce university fees by up to half. - Travel
Through a Cyprus passport, you can travel to all 28 EU member states as well as have visa-free travel to 173 countries worldwide. - There is no residency requirement
Unlike other schemes which demand continued residency, the Cyprus citizenship scheme has no residency requirement. - Citizenship lasts for life
Cyprus citizenship lasts for life and can be passed down generations.
To start your successful application call 020 7118 4546 or email info@westkin.com
Cyprus 2nd citizenship requirements
Under the current rules, there are two pathways to securing Cyprus citizenship.
Investment in real estate
Under this pathway, you will be required to do the following
- Invest €2 million in real estate
You will need to make a minimum investment of 2 million in residential estates.
This can be made up of multiple purchases.
- Hold your investment for 5 years.
You will be required to hold this investment for a minimum period of 5 years; however, after this period you can reduce your investment to a value of €500,000, allowing you to free your capital.
- An additional €150,000 donation.
This investment is equally divided between the Research and Innovation Foundation of Cyprus as well as the Cyprus Land Development Corporation.
Combined investments
Under this pathway, you will be required to;
- Make an investment of €2.5 million
This investment can be in any one or a combination of the following investment options;
- Investing in real estate
- Buying, creating or participating in a Cyprus company
- Investing in shipping sectors
- Invest in Alternative Investment Funds (AIFs) or financial assets that are owned by Cypriot companies and are regulated under CySec
- Hold your investment for 5 years.
You will be required to hold this investment for a minimum period of 5 years; however, after this period you can reduce your investment to a value of €500,000, allowing you to free your capital.
– An additional €150,000 donation.
This investment is equally divided between the Research and Innovation Foundation of Cyprus as well as the Cyprus Land Development Corporation.
Westkin Associates works with the largest developers in Cyprus who guarantee a 4-7% rental return. To learn more about our investment strategy call our offices at 020 7118 4546 or email info@westkin.com
Cyprus Second Passport Frequently Asked Questions
How to get Cyprus passport by investment?
To secure a Cyprus passport, you will need to make a minimum investment totalling €2.15 million in real estate in Cyprus and hold this investment for a period of 5 years. Citizenship can be secured within 6 months and can include adult children as well as your parents.
How strong is Cyprus passport?
The Cyprus passport is considered the “world’s strongest passport” as it can be secured through investment within 6 months and permits travel to all 28 members of the European Union as well as visa-free travel to 173 countries worldwide.
Does Cyprus allow dual nationality?
Yes, under Cypriot national law citizens are permitted to hold dual or even multiple citizenships without any legal implications this allows you to hold on to the benefits that your current passport grants you. It also grants you the benefits of holding on to an EU passport.
To get in touch with our legal experts call 020 7118 4546 or email info@westkin.com
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