Kronenburg Estates S.L.
Nr:2, Apt:2 Shafaq dead end, Vaezi alley, Shariati str.,
Postal code: 1934657641
Tehran, IRAN
+982122724700
teh-hq@kronenberg.eu5.org
Subject : Residence abroad
Dear customer,
Thank you for printing this page, obviously you found something of interest, we can help you with your documents and make sure that your planning to migrate to Cyprus. we can assist you from the planning stage upto a suitable residence. Generally spoken we can help you with :
- Attending Inquiries for Any Countries' Visa Assistance (Source - Email, Call or office appointment)
- Solving Visa Related Queries
- Preparing The Basic Set to Be Forwarded for Further Processing
- Coordinating with The Operations and Keeping the Client Updated On The Visa Status
- Promoting and Cross Selling Other Services (Packages, Tickets, Insurance, Etc.)
- Research On the Latest Updates of Visas
- Marketing, To Grow the Flow of Business
- Dealing with Disciplinary Matters and Customer Complaints
We hope to see you soon in our office to review the details of your programs, we will help you with your efforts,
M.J. van't Zand
Marketing manager
Citizenship by Investment Program
Program Summary
On 25 May 2013 the Council of Ministers passed a decision amending the existing Investment Citizenship program making it easier for investors to obtain Cyprus Citizenship. The program is one of the fastest to lead to residence and citizenship in Europe.
RESIDENCE PERMIT REQUIREMENTS
- The applicant must possess a valid passport;
- The applicant must provide documents supporting the source and origin of the declared funds for investment;
- The applicant must not have any criminal record;
- The applicant’s name must not be included in the list of persons whose property is ordered to be frozen within the boundaries of the EU;
- The applicant must choose one of the following investment options:
- Mixed investments and a donation to a state fund
Applicants choosing this option must deposit €2 million for the purchase of shares and/or bonds of the State Investment Company (under formation) and should make a donation of at least €500,000 to the Research and Technology Fund. Investors need to maintain the shares and/or bonds for a period of three years.
- Direct Investment
Applicants choosing this option must make a direct investment of at least €5 million in the purchase of a property, businesses or financial assets. Investors need to maintain ownership of the assets for a period of three years.
- Bank Deposit
Applicants choosing this option must have a fixed term deposit of at least €5 million for three years in a Cypriot bank (4) Combination of options 1, 2 and 3 amounting to at least €5 million
- Business Activities
Applicants choosing this option must be shareholders or beneficiary owners of a company, the management of which is in the Republic of Cyprus and the company has contributed at least €500,000 per annum, in the past three years to state funds (corporate tax, VAT, etc.).
- Persons whose deposits with the Bank of Cyprus or Popular bank have been impaired
Applicants that have incurred an impairment in deposits on one or both of the aforementioned Banks amounting to a total of at least €3 million can apply for Cypriot citizenship. In case that the impairment incurred is less than €3 million, one can cover the difference by making an additional investment in the above-mentioned options.
- Mixed investments and a donation to a state fund
- The applicant must pass a security background check.
Benefits
- Fast-track procedure allowing for direct path to citizenship within three months;
- No physical residence requirements during or after the application procedure (the only requirement is for one visit every 7 years);
- No language requirements for residence or citizenship;
- No obligation to relinquish current nationality;
- Low tax rates and free trade within the EU;
- Unrestricted right to live, work and study in Europe;
- Right to own land in an EU member state;
- Strategic geographical location, forming a bridge between the EU, the Middle East, and North Africa with direct access to the Mediterranean Sea;
- Low crime rate, excellent education system with a number of high standard schools and universities and first-rate healthcare;
- An outstanding holiday destination.
This program is becoming more and more popular among investors who want to Invest in Real Estate and become a citizen of Europe.
Application Process
The application process can be divided to the following 9 steps. At phase1 the application is made for main applicant and spouse and at phase 2 for other dependents. The whole process will take 3 to 6 months.
Phase 1 - Main Applicant and Spouse
- All necessary documents must be prepared by the applicant and signed before a Cypriot consul or Court Registrar in Cyprus.
- Preparation of application file, signing the Sale Agreement for the property and all other steps for property and bank transactions.
- Settling the funds into the Cypriot bank for the Financed Investment and full property purchase price into Lawyer's account and payment of fees and costs.
- Submission of application to the Ministry of Interior.
- Approval, settlement or purchase price of property, settlement of remaining legal and processing fees.
- Issuance of naturalization certificate(s) and issuance of passport(s) for the main applicant and spouse
Phase 2 - Family Members
- All necessary documents must be prepared by the applicant and signed before a Cypriot consul or Court Registrar in Cyprus.
- Submission of application to the Ministry of Interior.
- Issuance of naturalization certificate(s) and issuance of passport(s) for the family member(s)
Fees
Application fees for a typical family of four are:
- Legal Fees: 50,000 Euros
- Government fees start at 15,000 Euros and vary with the number of dependents
