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Immigration Services

Alternative Citizenship and Residency

Being one of the most reputable firms in the European Union in terms of investment migration services, Fidescorp’s dedicated team, in cooperation with our global partners, provides a complete guide and a full range of immigration services for the following programs:

  • Cyprus Permanent Residency
  • Cyprus Investment Program
  • Cyprus work and other visas
  • Greek golden visa program
  • Portugal residency program
  • Spain residency program
  • Antigua & Barbuda citizenship
  • Kitts & Nevis citizenship
  • Vanuatu citizenship

and others.

We navigate you through the complex procedures and we gained the expertise to eliminate the hassle of paperwork, with all immigration authorities, so you can stay concentrated on you core business. We process your applications smoothly, avoiding any unpleasant surprises.

Cyprus Permanent Residency

In line with the Cypriot government’s intention to increase foreign investment and to help its economic development, Regulation 6(2) of the Aliens and Immigration Regulations has recently been simplified by the Ministry of Interior in order to issue residence permits to applicants from non-European countries who intend to invest in the republic, provided that the following requirements are met:

  1. The main requirement is the purchase of new immovable property of a total market value of at least EUR 300,000 plus VAT. The applicant must submit the application form accompanied with a contract of sale and proof of payment of at least EUR 200,000 plus VAT. The contract of sale must have been submitted to the Cyprus Department of Land and Surveys. The property can also be bought by a company provided that the company is registered in the name of the applicant or the applicant and their spouse. They must also be sole shareholders.
  2. The applicant must submit a confirmation letter from a Cyprus bank that they have deposited a minimum capital of EUR 30,000 from abroad into an account that will be locked for three years. After the expiration of this period, the money will be released without restrictions.
  3. The applicant must provide supporting evidence of a secured annual income of at least EUR 30,000 deriving from abroad. This income must increase by EUR 5,000 for the spouse and every additional child and EUR 8,000 for each dependent parent. The income may include, for example, salaries from employment, rents, pensions, and dividends from shares.

Procedures and time frame

A fee of EUR 500 is payable with the submission of the application and EUR 50 extra for biometric capturing. The application will then be examined by the Civil Registry and Migration Department and will be submitted to a permanent secretary of the Ministry of Interior, who will make a decision within two months. Once approval has been granted, the applicant and all the members of the family must visit Cyprus within one year to obtain the actual permit.

When in Cyprus, a visit is organized to the migration office in Nicosia in order to capture the biometric data for all members of the family applying. The biometric data can be submitted either with the submission of the application for residence, during the application process, or immediately after approval.

Benefits of the Cyprus Permanent Residence Program

  • The application procedure is highly efficient, within two months.
  • There is a high approval rate if all criteria are satisfied.
  • It is not necessary to reside in Cyprus, but a visit once every two years is required.
  • Dependents can be enrolled in high-quality private schools, offering English language courses.
  • Residence applies to the whole family (applicant, spouse, and children under 18 years old).
  • Dependent children between 18–25 and parents of the applicant are also eligible.
  • The whole process can be arranged without being present in the country. However, a visit is required for biometric capturing.

Cyprus Investment Program

The Cyprus Investment Programme full Cypriot citizenship to wealthy individuals who invest EUR 2.15 million into the country and meet certain other requirements. Successful applicants gain the right to live, work, and study in all 28 EU member countries.

On 15 May 2019, the Council of Ministers revised the existing program and implemented new rules that enable foreign nationals to gain citizenship if they meet certain criteria. The changes include the addition of two government contributions of EUR 75,000 each and an approval time frame of six to eight months.

Any non-Cypriot citizen may apply for the Cyprus Investment Programme if they meet one of the investment criteria presented below. The qualification may either be done personally or through a company or companies in which the applicant acts as a shareholder or as a high-ranking senior manager.

  1. Fulfill both the below contributions:
  2. Donation of EUR 75,000 to the Research and Innovation Fund or another certified innovation enterprise
  3. Donation of EUR 75,000 to the Cyprus Land Development Corporation
  4. Select one of the following options:
  5. Investment in real estate, developments, and infrastructure projects

The applicant should make an investment of at least EUR 2 million for the purchase or construction of real estate.

  1. Purchase and establishment of or participation in Cypriot businesses and companies

The applicant must make an investment of at least EUR 2 million in the purchase of, creation of, or participation in businesses or companies that are based and operating in the republic. These businesses or companies should have a demonstrable and tangible presence in Cyprus and employ at least five Cypriot citizens.

  1. Investment in alternative investment funds or financial assets of Cypriot enterprises or Cypriot organizations licensed by the Securities and Exchange Commission

The applicant should purchase units amounting to at least EUR 2 million from alternative investment funds. This criterion also covers the purchase of financial assets of Cypriot businesses or organizations for at least EUR 2 million, in the form of bonds, securities, and debt securities.

  1. Combination of the above investments

The applicant may invest in a combination of the above, provided that the total investment amounts to at least EUR 2 million.

Our team can advise on which option is best for you based on your personal circumstances and needs. Please get in touch with our experts for a free consultation.

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