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What are the exceptions to the Cyprus citizenship-by-investment program requirement to purchase a residential property worth 500,000 EUR?

I would really like to put all of my money into a business and government bond investments, if possible.

Answers

• Yiannis Fanides

  Cyprus Law Firm

  Answered on December 14, 2017

  An applicant can invest the minimum investment amount of €2.5 million given that at least €500.000 plus VAT (if any) is invested on a residential property (the €0.5m is included in the €2.5m). The total amount that you may invest in government bonds is €500.000 and the rest can be invested in shares of a Cyprus Company given that such a company employs at least 5 Cypriots or E.U. employees. Therefore, you may invest in government bonds, company shares and residential property (mixed investments) in order to apply for a Cyprus Passport.

• Marianna Pavlides

  Cyprus Law Firm

  Answered on December 13, 2017

  There are no exceptions to the requirement of residential property of at least 500.000 EUR. The investment needs to be at least 2 million EUR plus the residential property of at least 500.000 EUR. Governmental bonds are eligible for the investment for the maximum amount of 500.000 EUR.

• Savvas Poyiadjis

  Cyprus Certified Public Accountant

  Answered on December 13, 2017

  Unfortunately, the 500.000-euro residential property is a hard condition that needs to be fulfilled in all cases with no exceptions.