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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

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    Yiannis Fanides

    Cyprus Law Firm
    Answered on

    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.

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    Marianna Pavlides

    Cyprus Law Firm
    Answered on

    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.

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    Savvas Poyiadjis

    Cyprus Certified Public Accountant
    Answered on

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

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