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How can I open a branch of a company in Cyprus under the Cyprus citizenship by investment program?

I would like to launch a branch of my company in Cyprus. How would I proceed? Could this fall in the investment immigration program?


Answers
  • Evagoras Anastasiou & Associates LLC
    May 08, 2020

    Yes, an investor can register a company in Cyprus and fall in the Cyprus Investment Program. Company Registration procedure in Cyprus is simple and quick and can be concluded within two weeks. The registration can also be completed remotely. The applicant must invest at least 2 million euros for the purchase or participation in companies or organizations established and operating in the Republic of Cyprus with investment costs. The invested funds shall be channeled towards the financing of the investment objectives of these companies exclusively in Cyprus, based on a specific investment plan. The applications shall be evaluated to verify that the companies or organizations have proven physical presence in Cyprus, with significant activity and turnover and employ at least five Cypriot citizens or citizens of European Union member-states. The minimum number of employees shall increase, if more than one applicant invest simultaneously or almost simultaneously in the same business or company.

  • CHRISO SAVVA LLC
    May 08, 2020

    Please note that investment must be made in Cyprus entities, which are established in Cyprus and which have been employing EU nationals or Cyprus nationals for at least five years.

  • Michael Kyprianou & Co. LLC
    May 08, 2020

    A branch of a company can be set up in Cyprus. The branch should have a physical presence and significant activities and turnover in Cyprus in order to qualify for the Cyprus Investment Program (CIP), while the branch should employ at least five citizens from Cyprus or other European Union countries. A minimum amount of 2 million euros should be channeled towards the financing of the investment objectives of the company exclusively in Cyprus, based on a specific investment plan. Moreover, a permanent residence of 500,000 euros should be acquired (new or resale) by the applicant.

  • CA Advocates (Pourgoura & Aspri LLC)
    May 08, 2020

    The applicant must purchase or incorporate or participate in business organisations or companies that already are, or will be operating in the Republic of Cyprus. The investment to be made in such entities must be for a value of at least 2 million euros and the same must be utilized only for operations in the Republic of Cyprus based on a pre-approved business plan. Investments in the shipping sector are now eligible under this category, on the basis of measurable criteria that will be determined jointly by the Ministry of Finance and the Shipping Deputy Ministry from time to time. The Cyprus entity is obliged to employ at least five Cypriot or European Union citizens.