Cyprus

1. Elite Citizenship & Investment will pre-screen your passport copy for government pre-approval before requirement of investment.
2. A down payment of the professional fees is required to open your application (paid on signing of retainer agreement).

STEP 2 – Month 1-2

1. Select the appropriate real estate investment option.
2. Collection of the all the required documents according to the Government checklist.
3. Citizenship application submission along with payment of Government processing fees to Civil Registry and Migration Department.
4. Sign the sale agreement and pay the purchase price.

STEP 3 – Month 3

1. Decision to grant the St. Lucio citizenship is issued.
2. Remaining balance of professional fees are paid.

STEP 4 – Month 4-6

Make your investment, either option: cash contribution or real estate investment.

STEP 5 – Month 6

Citizenship certificate(s) and passport(s) are issued.

*There is a one-time government contribution of €150,000.

1) Investment in real estate, land development and infrastructure projects:

The applicant must have made an investment of at least €2,0 million for the purchase or construction of buildings or for the construction of other land development projects (residential or commercial developments, developments in the tourism sector) or other infrastructure projects.

2) Purchase or Establishment or Participation in Cypriot Companies or Businesses:

The applicant must invest €2 million in order to purchase, create or participate in
businesses or companies based and operating in the Republic of Cyprus. These businesses or companies must have a physical presence in Cyprus, substantial activity and a significant turnover, and must also employ at least 5 Cypriot citizens or European Union citizens who during the five years preceding the filing of the application were residing in the Republic of Cyprus.

3) Purchase or Establishment or Participation in Cypriot Companies or Businesses:
Cypriot Companies or Cypriot Organizations that are licensed by Cyprus Securities and Exchange Commission (CYSEC):

The applicant must invest at least €200,000 million in Alternative Investment Funds established in Cyprus, licensed and supervised by the Cyprus Securities and Exchange Commission and exclusively making their investments in the Republic of Cyprus.

4) Combination of the aforementioned investments:

The applicant may proceed with a combination of the above,
provided that the total investment will amount to a minimum of €2 or €2.5 million. Within this criterion,
the applicant may include the purchase of special government bonds of the Republic of Cyprus of up to €500,000.