Cyprus Citizenship By Investment 2019

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Check photos, videos and stories anonymously from Fynch Global @fynchglobal Instagram profile. Grenada’s Citizenship by Investment Programme is a fantastic way to enjoy the beautiful island of Grenada, explore new paths for your business and expand your passport portfolio. The Cypriot Government recently amended the Scheme for Naturalisation of Investors in Cyprus by Exception. Citizenship by Investment is the legal practice of investing into a country & in return being granted a citizenship & passport of that country. Fast track to obtaining EU passport in only 6 months. Cyprus Investment Programme. Leading European countries developed investment programs on the most favorable conditions. New changes to the Cyprus Citizenship by Investment Program (CIP) will come into effect from the 15th of May 2019. A Note of Caution: Obtain the Cyprus Citizenship but ensure you make a good investment! Due to the popularity of the Cyprus Citizenship by investment program, certain investments being proposed by people in the industry are at times above market value, risking a negative financial result for the applicants. In the event. Astons is a one-stop for Cyprus citizenship and property acquisition with access to EU lifestyle and a second passport in just 180 days. 2 million and Cyprus 3 million for their CBI programs, it makes perfect sense to apply for Serbian citizenship now. Explore this site for investment options, how to apply for citizenship, and the list of authorised agents to contact. Dominica – Citizenship by Investment. No interview or travel required during application process. Cyprus launched the first citizenship by investment program (CIP) in Europe on July 11, 2007, that is twelve years ago from now. The Top 12 Citizenship by Investment Programs. 2) New annual cap on applicants. Applicants whose citizenship application was rejected by another EU me mber state, do not have the right to apply for the Cyprus C itizenship under the Cyprus Investment Programme. Unlock your future with Hudson Troy. Join us at our next information seminars to hear more about THE BEST EU Permanent Residency and 2nd citizenship programmes available via CYPRUS. Offered in accordance to subsection (2) of section 111A of the Civil Registry Laws 2002-2019, the Cyprus Investment Program is one of the fastest to lead to residence and citizenship in Europe. Obtaining Cyprus Citizenship by Exemption through investment. Despite the latest amendments to the Cyprus Investment Programme which now includes additional criteria before citizenship is granted, strong interest from China is still there, according to reports in the Chinese press. Premium Listings on RightMove, Zoopla and PrimeLocation. The Second Step – Obtaining fast-track citizenship: Invest another EUR 512,000 in bonds or equity. Investments. February 13, 2019, the council of ministers in Cyprus announced amendments to the Cypriot Investment Scheme. Bulgaria is the 16 th biggest country in Europe with Sofia, one of the largest cities as its capital and is strategically located connecting Europe to Africa, Middle East and Asia. The Cypriot Government recently amended the Scheme for Naturalisation of Investors in Cyprus by Exception. The program was amended in 2016 to a reduced price of 2M EUR investment for 3 years in addition to holding a valued at 500,000 EUR property for the. Cyprus Citizenship Program: Program Details. Obtain citizenship in cyprus. You can obtain a second passport, residency & visa free travel with our citizenship programs : johnwayne1@accountant. He explains that there is no need to live in Cyprus at any point in time to obtain citizenship and the applicant, their spouse and dependents up to the age of 28 can obtain citizenship. Investment minimum of €2 million (+ VAT if applicable) in real estate and/or government bonds. Cyprus offers the quickest, most assured route to citizenship of a European country through the Cypriot citizenship by investment programme. Cyprus Citizenship by Investment. The Malta Individual Investor Programme or MIIP allows, as per the provisions of Legal Notice 47/2014, the granting of Malta citizenship by investment to individuals who contribute to the economic and social development of Malta. It offers a second citizenship option to families wishing to relocate their personal or business affairs to an EU country. com are rated among the market leaders in the second citizenship industry, and their goal is to find the perfect Citizenship By Investment or Investor Visa program for people that are looking for a greater freedom of movement, either to escape a repressive regime or a war zone, or simply to expand upon their personal business. Cyprus has become the most popular citizenship scheme for HNW investors in Europe. Citizenship-by-investment programs (CIPs) offer many exciting benefits and the opportunity to gain citizenship in attractive countries around the world. A growing number of countries are allowing wealthy foreigners to buy citizenship under "citizenship-by-investment" programmes. Simply fill out the form above to have this guide. CYPRUS on Wednesday approved a series of changes to its much-criticised Citizenship-by-Investment scheme, so it becomes “more targeted and trustworthy”, said Finance Minister Harris Georgiades. It is also a shipping hub: the Cypriot-registered vessel fleet is the fourth largest in the world. The Programme offers flexibility, as applicants can choose among a number of approved investments. Let’s compare the countries offering legitimate citizenship by investment… European Citizenship by Investment. If you consider obtaining St. Cyprus has the lowest corporate tax rate, 12. Music by Evridiki, Papiyon Band and Georgina Potamitou Dances: Traditional Dance Group “Rymvos” & Charis Savvas Dance Studio The proceeds from the event will support the free services that the Cyprus Association of Cancer Patients and Friends provides […]. Changes in Cyprus Citizenship by Investment Program to Add a EUR150,000 Compulsory Donation and Tighten Eligibility Criteria from 15th May 2019 March 5, 2019 - Cyprus. In order to boost foreign investment and attract high net worth entrepreneurs, the government of Cyprus has introduced an incentive that allows individuals to obtain Cypriot citizenship in exchange for significant financial investments in the country. Each of these programs are fast, commoditized, legal in the country itself, have a clear path to citizenship, and are open to (almost) anyone with a clean criminal record. Cyprus’ “Citizenship by Investment” programme, is the quickest and most cost-effective way to get EU passports for the whole family: you will all get your EU passports in 6 months of making application! The main applicant, the spouse and ALL dependent children up to 28 years of age qualify. You can complete an Interest to Sponsor form online at the beginning of 2019. Citizenship-by investment programs attract a number of high net worth individuals in developing nations, looking to add a second passport in their investment portfolio. The Government of Cyprus in the recent decision of the council of ministers taken on the 13 th of February 2019 has decided to change the "Cyprus Investment Programme” in order to make it more trustworthy and targeted. There are currently seven countries which offer citizenship-by-investment programs that provide a direct route to citizenship based on investment: Austria, Antigua and Barbuda, Cyprus, Dominica, Grenada, Malta, and St. 5 million in residential property. IMF in its consultation report said, Cyprus Real GDP grew by 4 percent (yoy) in 2018:H1, following an increase of 4. The Cypriot Government recently amended the Scheme for Naturalisation of Investors in Cyprus by Exception. Cyprus' citizenship-by-investment program affords applicants: • The quickest processing time in the European Union - between one and two months. Inaugurated in 2013, the Antigua and Barbuda Citizenship by Investment Programme is one of the world’s newest economic programmes. Washington - President Donald Trump said Friday he is "very seriously" considering an executive order to try to force the inclusion of a citizenship question An executive order would not, by itself, override court rulings blocking the inclusion of the citizenship question. Bulgarian Citizenship by Investment. How to apply for citizenship in Cyprus?. Leading European countries developed investment programs on the most favorable conditions. LONDON--(BUSINESS WIRE)--Henley & Partners, a leading global investment migration firm, has won the public tender to design, implement, and promote the much-anticipated Moldova Citizenship-by. Kitts, Nevis, Grenada, Dominica, Cyprus. Find out more about the programme below, or contact us now for a free consultation. The following provisions will apply to all citizenship by investment applications submitted as from the 15 th of May 2019,. Kitco News collects and features the top financial, economic and geopolitical news from around the world. The program. They include Portugal, Cyprus, Malta, Austria, Belgium, Russia, the UK and the USA. If one considers that Malta charge 1. how can we help you? Contact us or submit a business inquiry online. Choosing the right program is a critically important step in making a decision. Purchase of special government bonds up to a maximum of EUR 500,000 is an eligible investment option to acquire the citizenship. Investment required for Cyprus Investment Programme. Among these is also the Cyprus Citizenship by Investment Program which is one of the most reliable schemes for relocating to another country in the European Union. 6 bln 13 February, 2019 Cyprus on Wednesday approved a series of changes to its much criticised Citizenship for Investment scheme, so it becomes “more targeted and trustworthy”, said Finance Minister Harris Georgiades. Quickest way to obtain Cyprus Citizenship and European Passport. Joachim Stern (2011) coined the term jus. ” And the US Treasury claims citizenship by investment can “facilitate financial crime. Hurricane-hit countries slash cost of citizenship-by-investment programs Port Zante in St. If the undeclared offshore. International. This includes living & working in a quality destination that combines family life with a vibrant international business centre. Second citizenship of Antigua and Barbuda: a step-by-step procedure, requirements for applicants, the necessary documents, nuances and features of the state program! An investment in real estate in Antigua and Barbuda. The Cabinet approved new criteria which will see a Cyprus passport being granted in exchange for an. Full citizenship granted citizenship & passport will be delivered in 3 to 6 months. This was announced by the PIO, as part of the overall amendments to be effected. The Cyprus Investment Programme, based on subsection (2) in Section 111A of the Civil Registry Laws of 2002 to 2019, was approved by the Cyprus Council of Ministers on13 September 2016, and subsequently amended in May 2018 and February 2019. We are the world's leading experts in advising foreign investors on Citizenship & Residency by Investment. The island nations of Cyprus and Malta both offer streamlined routes to European citizenship for applicants who meet their minimum investment. In efforts to increase its foreign investment, Cyprus introduced its citizenship by investment program, or what is known as The Golden Passport, back in 2012, granting around 1860 passports, and generating over 6. The Government of Cyprus recently redesigned the Cyprus Investment Programme, with new rules coming into force in March 2019. Opponents of the citizenship question said it would discourage participation by immigrants and residents who are in the country illegally, resulting in inaccurate figures for a count that determines the distribution of some $675 billion in federal spending and how many congressional districts each state. More Info. President Donald Trump is considering issuing an executive order on including a citizenship question in the U. Citizenship by Investment. EU citizenship is mandatory. Legal Basis for Maltese Citizenship Malta Citizenship by Investment may be granted under an amendment passed in November 2013 to the Maltese. Kitts Citizenship May Get More Expensive Soon While the government’s citizenship-by-investment program, in place since 1984, helped St. The Programme offers flexibility, as applicants can choose among a number of approved investments. @2019 - Cyprus-mail. The obtaining of residence permit is a formality due to EU regulation. What are the benefits of being a holder of the Cyprus citizenship/passport?. Cyprus Investment Programme. Cyprus Residence Permit is issued within 5 days from the submission of a joint application for residency and citizenship by investment. Today, everyone is a global citizen, as they have the opportunity to travel and work from any part of the world. 824 dated 11 July 2007 establishing the first investor's citizenship by investment scheme. ExpressEUpassport experiences and dynamic staff has been engaged in the field of citizenship and immigration for more than 5 years. Previously the minimum investment requirement was set at €5 million. Come and say hello to our professional #investment relationship managers in #Beacon Investment #Migration Forum at #ShangriLa in #Dubai We are here from 25-27 feb #kdfinvest #realestste #citizenship. Dominica has long run a program that offers citizenship and residency through investment in the country. As a part of its policies aiming to further encourage Foreign Direct Investment and to attract high net worth individuals to settle and do business in Cyprus the Council of Ministersestablished the "Cyprus Investment Programme". Music by Evridiki, Papiyon Band and Georgina Potamitou Dances: Traditional Dance Group “Rymvos” & Charis Savvas Dance Studio The proceeds from the event will support the free services that the Cyprus Association of Cancer Patients and Friends provides […]. Cyprus Citizenship for Foreign Investors Member Starting February 2015. Read More. Home Immigration and Citizenship Cyprus citizenship by investment program. The Best Citizenship by Investment Programs. There are currently seven countries which offer citizenship-by-investment programs that provide a direct route to citizenship based on investment: Austria, Antigua and Barbuda, Cyprus, Dominica, Grenada, Malta, and St. Singer June 11, 2019 Twelve new communities have been added to British Columbia’s Entrepreneur Immigration Regional Pilot. The Cyprus citizenship program offers the most simple and efficient means of obtaining EU citizenship; it is the only direct EU citizenship program as it has absolutely no residency requirement and passports are issued in just 3 months. The application time of a Cypriot citizenship is one of the shortest among others and can often be done in three months. Attained in various ways, dual citizenship can provide you numerous benefits:. Montenegro economic citizenship program (ekonomsko. Our specialist lawyers can assist from our Mayfair offices. Changes in the citizenship by investment program of Cyprus. Democrats who oppose adding the citizenship question allege that it is a ploy to scare immigrants into not participating and engineer a population undercount in. Applicants applying for Cypriot citizenship through this citizenship-by-investment option must actively invest in the Cyprus economy, by primarily purchasing. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International. The official announcement is expected to be made in the Cyprus Gazette. 51 KB File Type Create Date February 11, 2019 Last Updated June 6, 2019 Download Sofya Kudryashova IMC-RP 2019/3 ABSTRACT This article focuses on the consequences of the acquisition of Cypriot citizenship through Cyprus’s new Investment Programme, adopted in 2013. @2019 - Cyprus-mail. Its capital city is Nicosia. Find event and ticket information. This detailed summary includes information on the country of Cyprus, the program options for investment and summary of the costs involved. 5%, in Europe. Cyprus Investment Programme Member of EU Since 2004. Citizenship by Investment. 0 million in real estate is required, plus a donation of €75,000 to the Governments Research and Development fund and €75,000 to the Land Development Organisation. What surprised even more experts at the time was the relatively expensive amount that was required from foreign investors in comparison to other economic citizenship programs around the world; Turkey’s passport does not offer visa-free to Europe or the U. Previously the minimum investment requirement was set at €5 million. 000 EUR to the Cyprus Land Development Corporation and 75. So, while getting a second residency and passport in Cyprus is quick and simple, it’s not cheap. The applicant must have invested participated in companies / organisations established and operating in the Republic of Cyprus with investment costs of at least €2 million. An overview of the Malta Citizenship by Investment Programme (Individual Investor Programme) and eligibility criteria for obtaining Malta Citizenship. Non-Cypriot citizens who meet certain criteria and fulfil the terms and conditions outlined by the Government of Cyprus may apply for the acquisition of Cypriot citizenship through naturalisation by exception and enjoy the benefits of being citizens of the European Union. 824 dated 11 July 2007 establishing the first investor's citizenship by investment scheme. The latest amendments to the CIP are effective from15 May 2019 onwards. Unique opportunity to get an investor visa for you and your family. The new criteria of the Cyprus Citizenship by Investment Program starting 15th of May 2019 Posted yesterday in News Articles According to the latest reports Cyprus has been ranked the 5th best relocation destination in the world. Lucia offers 4 different ways to get your second passport, which is more than other economic citizenship programs out there. Cyprus Investment Programme. Cyprus Citizenship by Investment is available to investors pursuant to the "Scheme for Naturalization of Investors in Cyprus by Exception" on the basis For citizenship in Cyprus, applicants need to fulfill the requirements outlined in the "Investment Requirements" section, in addition to the following criteria. Cyprus is a member state of the European Union and it is close to Greece, Turkey, Egypt, Israel, Syria and Lebanon. Since 1998, WIS has been a leading service provider in global residence and citizenship solutions. On 13th February 2019, the Cyprus government introduced significant new economic & procedural changes to the Cyprus Citizenship by Investment Program, with the objective of making it more secure, transparent, encourage investment in the shipping sector, as well as promote research & development activities & fund housing schemes. Citizenship Through Investment. Bulgarian Citizenship by Investment. Though the scheme was largely unpopular in the beginning, it only gained momentum and took off in 2013 when Cyprus eased the citizenship requirements to recover from bank bailout. They all include investing €2 million in stock, bonds, properties or business located on the territory of Cyprus as well as purchasing €500,000 worth residential. Alternatively, an applicant can choose to invest €2 million in one of the following options:. Eligibility for Cyprus citizenship and your gateway to Europe. The Cyprus government has approved new changes to the cypriot citizenship by investment legislation, effective from May 2019. Today, everyone is a global citizen, as they have the opportunity to travel and work from any part of the world. Cyprus Citizenship Programme 10th Jun 2019 The Government of Cyprus has established a scheme for Naturalization of non- Cypriot Investors by Exception on the basis of subsection (2) of section 111A of the Civil Registry Laws of 2002-2019, with specific incentives but also control procedures in order to prevent abuse. Find who else is attending and connect with 56 people interested in participating at 2019 edition of Citizenship By Investment Property Fair, Beirut. Granted just in 180 days, Cyprus citizenship is the way to obtain EU citizenship quickly. Firstly, you must seek the services of immigration experts and In September 2016, the Government of the Republic of Cyprus announced some significant changes to the citizenship-by-investment program. Current policy valid until 14th May 2019, click here to see new policy details which will be valid from the 15th May 2019. The Citizenship by Investment Program is one of the most affordable caribbean citizenship options for a single applicant starting at USD 100,000 plus due diligence and other fees. Cyprus, which is part of the EU, has a citizenship by investment program, which significantly changed on May 15th, 2019. Cyprus Citizenship. This has an immediate effect from the publication of the changes in the Cyprus Gazette i. The Cypriot Investment Scheme will only receive 700 applications every year and other conditions on the re-sale of the invested asset were put in place by the Cypriot Council of Ministers. The Cyprus government has approved new changes to the cypriot citizenship by investment scheme effective from May 2019. Key Amendments on the plan include: Compulsory donation of €75,000 to the Foundation for Research and Innovation, for promoting the creation of an entrepreneur. To apply for the Citizenship Program Cyprus the applicant has to make a significant economic contribution to the country. Citizenship by investment is a process by which a country grants citizenship to eligible applicants which make a significant financial contribution into that country's economy. You get direct passport and cypriot citizenship if you invest over € 3 million in the country in the form of business investment. Under the scheme investors are required to buy €2 million investment of which buying a home or residential property worth atleast €500,000 is compulsory. The non-EU citizen can buy only one (Unless it goes for Citizenship by Investment Program. This includes living & working in a quality destination that combines family life with a vibrant international business centre. Second Citizenship In Growing. Third country nationals who hold the permanent residence status and reside in Cyprus for at least seven years may apply for citizenship. INVESTMENT CRITERIA AND CONDITIONS. The Real Estate Investment Summit Presents: Cyprus Citizenship and Residency May 21, 2018 More than 100 immigration experts from 24 countries are expected to attend the 3rd Cyprus Citizenship and Residency by Real Estate Investment Summit. New changes to the Cyprus Citizenship by Investment Program (CIP) will come into effect from the 15th of May 2019. House of Representatives. If you are a potential investor seeking more information on your eligibility, please use this contact form to get in touch with us. If you choose the real estate investment option, the price of your residential property counts towards the EUR 2 million minimum limit. Cyprus launched the first citizenship by investment program (CIP) in Europe on July 11, 2007, that is twelve years ago from now. Student Accommodation. The Bulgarian Citizenship Investor Program is an attractive opportunity for foreign investors and wealthy individuals to enjoy visa-free access or visa-on-arrival access to 157 countries and territories, Bulgarian citizenship for the family members, and many other benefits. Varied cultural program and activities for children organised by the Cyprus Association of Cancer Patients and Friends. Currently Cyprus offers citizenship to foreign investors for €2 million euros, which requires buying a home for half a million euros. The Cyprus Citizenship by Investment Program is provided for in the Scheme for Naturalization of Investors in Cyprus by Exception, on the basis of Section 111A(2) of the Civil Registry Laws of 2002-2013. Cyprus is an Island country, and it is located in the Eastern part of the Mediterranean Sea. Explore this site for investment options, how to apply for citizenship, and the list of authorised agents to contact. The Cypriot Government has recently been under substantial pressure from the European Parliament regarding its Citizenship programme – namely the Cyprus Investment Programme. In order for them to be, they come with a price. Which is the best citizenship by investment program for you? You can consider the citizenship programs from different aspects. How to get a Cyprus passport by investment program. census, Axios "The administration is considering the appropriateness of an executive order that would address the constitutional need for the citizenship. 824 dated 11 July 2007 establishing the first investor's citizenship by investment scheme. Changes in the citizenship by investment program of Cyprus. The first option is to make an investment to the into an Alternative Investment Funds or financial assets of Cypriot enterprises or Cypriot organizations. Obtaining Cyprus Citizenship by Exemption through investment. As a part of its policies aiming to further encourage Foreign Direct Investment and to attract high net worth individuals to settle and do business in Cyprus the Council of Ministersestablished the "Cyprus Investment Programme". The Republic of Cyprus allows investors to obtain the Cyprus Citizenship by investment under the provisions of the Council of Minister's Decision, which brought. At Jane Katkova & Associates, we can help you with citizenship by investment in Cyprus. 2 percent in 2017. Key Amendments on the plan include: Compulsory donation of €75,000 to the Foundation for Research and Innovation, for promoting the creation of an entrepreneur. Our expert immigration law division lawyers, you can assist you with permanent residence or visa or for purchasing a property procedures in Cyprus. Dominica’s Citizenship by Investment Program has been in operation since 1993. A second citizenship obtained from a select country can offer effortless visa-free travel to over 130 countries, compared to the basic 50 countries offered to Egyptian passports and 30 offered to Iraqi passports. A Note of Caution: Obtain the Cyprus Citizenship but ensure you make a good investment! Due to the popularity of the Cyprus Citizenship by investment program, certain investments being proposed by people in the industry are at times above market value, risking a negative financial result for the applicants. 2) New annual cap on applicants. Explore this site for investment options, how to apply for citizenship, and the list of authorised agents to contact. Lucia offers 4 different ways to get your second passport, which is more than other economic citizenship programs out there. Amendments in relation to the Cyprus Investment Programme have been approved by the Cyprus Cabinet in order to make the Programme even more trustworthy. Turkish passport is currently ranked 51st in the world We applied for an EU country, Cyprus to be exact. Forsat advisory is an international prestigious company located in Cyprus(Nicosia) offering standard services to the costumes. Fast track to obtaining EU passport in only 6 months. Kitts And Nevis. Annual government levy deadline, 30th of June 2019. The most significant change is that the total investment required will increase from €2,000,000 to €2,150,000. The Cypriot government maintains a program for the naturalization (granting citizenship) to non-Cypriot investors. Student Accommodation. Astons is a one-stop for Cyprus citizenship and property acquisition with access to EU lifestyle and a second passport in just 180 days. As of May 16, 2019, the new investment will start from €2. There is no requirement to reside in Cyprus. An investment of €2. In this latest article for our series on immigration through investment, we are discussing the Cyprus Citizenship by Investment Programme. Manama, Bahrain: Investors in Real Estate in Cyprus can obtain citizenship in Cyprus, an EU member state, through the country’s Investment and Permanent Residency Programmes available through property investment. The Best Citizenship by Investment Programs. Changes to Cyprus citizenship by investment scheme to kick in on 15th May 2019. Citizenship-by-investment programs (CIPs) offer many exciting benefits and the opportunity to gain citizenship in attractive countries around the world. - No criminal background. Global Citizenship. This video is unavailable. Unlock your future with Hudson Troy. Looking for the best citizenship by investment passport? get a quote. European Citizenship - Cyprus Citizenship “Fast Track Scheme to Cypriot Passport for Investors in Cyprus” REDUCED TO € 2 MILLION One of the main objectives of the economic policy of the Republic of Cyprus is to further encourage Foreign Direct Investment and to attract high net worth individuals to settle and do business in Cyprus. Remember, this is not a fake document, this is a completely legal passport and citizenship to a second country. ly/2KyaNMY Europe - citizenship byIn exchange for investment into economy, the receiving jurisdictions are ready to offer their passports to the foreign high net worth individuals. We are well versed on. Cypriot passport within 3-4 months. IMH is organising the Cyprus Citizenship and Residency by Real Estate Investment Summit set to take place 24-26 May 2018 at Carob Mill Complex in Limassol. New passports for investor and family. Cyprus Citizenship, Cyprus citizenship by investment, Cyprus citizenship by investing, Cyprus citizenship property, Cyprus citizenship requirements, Cyprus citizenship naturalisation, dual Cyprus citizenship, Obtain citizenship Cyprus. AME Second Citizenship is certified and regulated by the Committee of Supervision and Control for the Cyprus Investment Programme. Buying Your St. Cypriot citizenship through investment The Government of Cyprus revises citizenship criteria for entrepreneurs and investors. EU citizenship by investment Download a detailed passport programs presentation by following this link - bit. 0 million in real estate is required, plus a donation of €75,000 to the Governments Research and Development fund and €75,000 to the Land Development Organisation. The Republic of Cyprus allows investors to obtain the Cyprus Citizenship by investment under the provisions of the Council of Minister's Decision, which brought. The following provisions will apply to all citizenship by investment applications submitted as from the 15 th of May 2019,. This program was launched in 2003 and offers many benefits in exchange of several requirements that applicants must meet. Investor needs to invest in real estate properties with the value of not less than 2 million EUR in order to qualify for the Cypriot Citizenship. In its first budget since returning to power in a landslide election, Narendra Modi's government in India unveiled plans for a private investment-led growth strategy as part of his push for a $5tn economy by 2024. Citizenship of Cyprus allows a citizen the right to work, reside and buy property. Hideaway Luxury Condominium Project.