Securing your Cypriot citizenship
Updated: Nov 1, 2019
* Please note, Citizenship scheme has been updated as of April 2019. Please refer to our latest article for more up to date information which you can find here
Since its implementation, the Citizenship-by-Investment Programme has received a lot of demand amongst those wishing to secure a European passport.
Among benefits such as dual-citizenship, holder of a Cypriot passport can travel visa-free to 157 countries across the world.
Although it should be a pretty straightforward process, there are some important things to take into consideration ahead of your application in order to avoid disappointment.
One of the major decisions involves choosing a reliable and experienced service provider.
In short, the service provider will lead you through the whole process of your application.
From preparing the files for submission to helping the applicant select the least costly route, advising on investment to be made and providing a smooth process leading to a successful outcome.
So how does one select a reliable service provider?
The service provider should have a proven track record. They should also be a fully licenced & independent operator.
Moreover, they should be a specialist in their field and only work with other trusted professionals.
Point to note: Providers which fail to mention that the applicants must pass a Due Diligence process should also be avoided.
What advice should your service provider provide you with?
Professional service providers should be able to advise regarding the following:
The most cost-effective path to a Cypriot citizenship, for example, which member of the family should be listed as the main applicant
The documentation required and its legalisation
Taxation and legal aspects
In cases of property investments:
The changing aspects of the current property markets
Advise on the best locations that match the client’s needs and investment profile
Rental and the likely yield appreciation.
The quality of construction plus internal finish, the cost of property management and any ongoing maintenance fees.
The suitability and credibility of the developer (or property management company if the building is already built).
The legal standing of the property and the drafting of contracts plus any supporting agreements and arrangement.
International Property Network based in sunny Limassol offers this top to bottom service and guides their client through the whole process of their passport application.
The company cherry picks reliable, trusted, service providers that offer high standards of service to ensure that your application is successful.
IPN’s Operations Manager, Mr Achilleas, comments:
“By only selecting a number of tried and tested providers that cater to the above we aim to provide an effortless process that places our customers’ needs above all.”
For more information on passport application, contact IPN team on +357 25 31 31 81 or visit www.ipncyprus.com
* Please note, Citizenship scheme has been updated as of April 2019. Please refer to our latest article for more up to date information.