Investments for the Cyprus citizenship program can be made either personally by the investor, by his/ her spouse, jointly with the spouse or even through a company in which they are participating as shareholders or as ultimate beneficial owners. Please bear in mind that, if the applicant invests through a company in which he/ she participates as a shareholder, only a percentage of the investment will be taken into consideration in proportion to his/her holding percentage. A branch of an overseas company has the same power to hold immovable property in Cyprus as if it were a company incorporated under the Cyprus Company Law Act. Overseas companies may establish a branch in Cyprus by filing with the registrar of companies in Cyprus the following according to s.347.
First is a written report which provides: (i) name and legal form of the overseas company, as well as the name of the branch, if that is different from the name of the company; (ii) head office and address (postal or other) of the overseas company, as well as the address (postal or other) of the place of business; (iii) purpose and objects of the overseas company; (iv) where applicable, the register abroad of the overseas company, where its basic data has been entered; (v) its subscribed capital where this exists; (vi) where applicable, information in relation to the winding-up of the overseas company, the appointment of liquidators, etc; (vii) in the case of an overseas company of a non-member state of the European Union, the law of the state, governing the company. (vii) In the case of an overseas company of a non-member state of the European Union, the law of the state, governing the company.
Second is providing a certificate of incorporation of the company (certified) and a certified copy of the memorandum and articles of the company or other instrument constituting or defining the constitution of the company, as well as every amendment to the said documents. You will need a list of directors and secretary of the company, as well as of all the persons who are authorized to represent the company. Lastly, you will need the name and address of one or more persons resident in the republic authorized to accept on behalf of the company service of process and any notices required to be served on the company. All the aforementioned documents should be legalized, apostilled in the country of issue and translated into Greek.
