Part “A”: Individual Category
Minimum investment amount €5.0 million
1. Investment in government bonds:
The applicant must have purchased state bonds of the Republic of Cyprus of at least €5.0 million.
2. Investment in financial assets of Cypriot companies or Cypriot organizations:
The applicant must have purchased financial assets of Cypriot companies or Cypriot organizations (bonds/ securities/ debentures registered and issued in the Republic of Cyprus) of at least €5.0 million.
It is noted that these financial assets can be purchased either at issuance, or subsequently by the market.
3. Investment in real estate, land development and infrastructure projects:
The applicant must have made an investment of at least € 5.0 million for the purchase or construction of buildings or for the construction of other land development projects (residential or commercial developments, developments in the tourism sector or other infrastructure projects).
4. Purchase or creation or participation in Cypriot businesses or companies:
The applicant must have made an investment of at least € 5.0 million in the purchase, creation or participation in businesses or companies, that are based and operating in the Republic. These businesses or companies should evidently have a tangible presence in Cyprus and employ at least five (5) Cypriot citizens.
It is noted that the mandatory conversion of deposits into shares is included in this criterion.
5. Deposits in Cypriot banks:
The applicant must have personal fixed term deposits for three years in Cypriot banks or deposits of privately owned companies or trusts (in which he/she is the beneficiary owner) in the Republic of Cyprus of at least €5.0 million
6. Combination of above 5 options:
The applicant can invest as combine any of the above amounting to €5.0 million
7. Persons whose impaired deposits with the Popular Bank Public Company Ltd:
Due to the measures implemented after the 15th March 2013 the applicant has incurred an impairment in deposits amounting to a total of at least €3.0 million.