The expected time-frame for the examination of any application submitted in accordance with the provisions of the Cyprus Investment Programme is 6 (six) months

• The programme applies to the immediate family of the applicant i.e the spouse or partner and dependent children up to the age of 28 if full time university students and for children with severe physical or mental disability.

• A € 2 million (plus vat if any) - Investment in a single Residence. A single property to be used as a residence at a minimum value of €2 million (plus VAT if any). The privately-owned residence must be retained by the investors for a period of 5 years after the date of approval. The Investor has the right to sell his/her property and buy another one at a minimum value of €500,000 (plus VAT if any).

• A €2 million (plus Vat if any) Investment in a selection of Residential Properties, out of which one property is to be used as a privately-owned permanent residence of a minimum value of €500,000 (plus VAT if any). The remaining €1.5 million can be invested in a range of residential properties only, which may be resold 5 years after the date of approval.

• It is noted the investor and his/her parents may collectively acquire a residence, provided that the total of this home – property is at least €2.500.000 (plus VAT if any).