Existing rules as of September 2018
| Investment type | TOTAL INVESTMENT (EXCL. VAT) |
|
|---|---|---|
| A. 1 Investment in realestate, land developmentand infrastructure projects,*Residental properties, -Commercial properties /Land development / Developments in the tourism sector / Combination | €2.5M (*At least one residental property must be at the cost of €500.000 (excl. VAT)) | |
| A. 2 Purchase or Establishment or Participation in Cypriot Companies or Businesses | €2.5M | |
| A. 3 Investment in Alternative Investment Funds or financial assets of Cypriot companies / organizations licensed by CySec | €2.5M | |
| A. 4 Combination of the aforementioned investments – including investments in special Government Bonds of the Republic of Cyprus up to €500.000 | €2.5M |
Proposed additional rules as of 2019
Cyprus CBI will be more stringent with applicants refused by Schengen and member states will be refused.
The holding period for investment has been increased to 5 years from 3 years
New provision is also made for mandatory donation of 75,000 euro to the Research & Innovation Foundation and an additional 75000 euros to the Cyprus Land Development Agency increasing the extra total donations to 150,000 euros. The 75,000 euros donation to the Research & Innovation Foundation is lifted if the applicant invests the money in a Certified Innovative or Social Business.
Important note: This article has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice from a qualified accountant.