Lazaros OmirouCyprus Law Firm
I would like to inform you that investments for citizenship programme of Cyprus can be made either personally by the investor, either by his/ her spouse, or jointly with the spouse or jointly with any other person. You and your friend are allowed therefore to collectively acquire real estate properties. The minimum amount of real estate investments in order to apply for Cyprus citizenship is 2 million Euros so in the latter case of a collective investment, the minimum amount of the investment is 4 million Euros (2 million for each investor). You and your friend can invest even through a company in which you will be participating as shareholders or as ultimate beneficial owners. In that case the percentage of the investment that will be taken into consideration for each of you will be in proportion to your holding percentage. Also you can jointly buy a company which already owns real estate properties in Cyprus. In that case you will not pay transfer fees. The documentation that will be required is the same in all the cases above, except in the case of investing through a company or of the purchase of a company. In these cases we will need additionally the registration docs of the company that will show also your percentage as shareholders.