§ 00 Equity participation · Interest · counsel-gated
Cyprus & Greece AI campus equity
interest — not a visa product.
For individuals who today park €250k–€800k+ in Cypriot or Greek real estate primarily for residency planning — and want a clear look at a different instrument: planned Class B preferred equity financing the Vasilikos Sovereign AI Campus (Phase 1), with Greece as a parallel TARGET expansion. Residency remains a parallel counsel track. AGICY grants neither visas nor coupons.
Concept / planning imagery · pre-construction · not a property deed
§ 01 Who this is for · Audience filter
Equity interest in campus financing — residency is not the product.
Many non-EU individuals buy residential or commercial RE in Cyprus or Greece primarily to pursue a residency permit. This page describes a different job: illiquid infra equity sized to statutory investment floors as a reference — with securities counsel and immigration counsel kept separate.
You may recognise yourself if…
- You budget €250k–€1M+ for CY/GR investment immigration
- You want EU infra equity exposure alongside counsel on residency
- You can take securities and immigration counsel separately
- You accept Target entities and pre-construction risk
This page is not for…
- Anyone seeking a guaranteed visa or coupon
- Buyers who need a deed to a flat as the sole product
- Retail crowdfunding / “invest now” checkout shoppers
- Anyone counting CPA/SRA as the visa asset
§ 02 Investment rails · Counsel must reconfirm
Cyprus vs Greece — what maps, what does not.
Public practitioner consensus (Aug 2026). Floors are sizing references for discussion with counsel — not AGICY product SKUs and not a promise of eligibility.
| Rail | Indicative floor | Statutory asset type | AGICY mapping |
|---|---|---|---|
| Cyprus Reg. 6(2) | €300,000 | CY company share capital (C) or CySEC AIF / AIFLNP / RAIF units (D) | Primary: HoldCo Class B once formed + substance. Scale: Cyprus RAIF. |
| Greece Elevate | €250,000 | Fresh equity (or bonds) in an Elevate-registered Greek startup | Only if a Greek Elevate-listed AGICY affiliate exists — not Cyprus shares alone. |
| Greece AIF / fund | €350,000 | Units in a Greek mutual fund / AIF investing primarily in Greek assets | Only if a Greek qualifying fund is structured — counsel-gated. |
| Strategic (optional) | €1,000,000+ | Economic Class B (residency still needs a qualifying rail ≥ floor) | HoldCo Class B or RAIF + optional separate Campus CPA (commercial). |
Honesty: Cyprus citizenship-by-investment is cancelled. Live path is Reg. 6(2) PR — maintain-or-replace for permit life (not “free at Y5”). Greece Elevate: jobs / ≤33% / statutory 5-year share hold (Art. 100A) + 2-month reinvest after the minimum. Greece AIF / funds (Art. 99): maintain for renewals — not free at Y5. Cyprus HoldCo Class B does not auto-qualify for Greek Golden Visa; Greece needs a Greek Elevate entity, Greek qualifying fund, or other listed Greek instruments. Counsel must reconfirm statutes.
§ 03 What you buy · Class B / RAIF
Class B preferred — junior, dilutable, illiquid.
Primary pilots: Class B preferred shares in AGICY Holdings Ltd (Cyprus Cap. 113) — TARGET / not formed. Economic claim on the group that owns OpCo and campus assets. Senior project lenders stay senior on OpCo assets. Scale backup: Cyprus RAIF (externally managed by licensed AIFM) holding HoldCo Class B — not retail.
8% cumulative accrues if distributions allowed — not a coupon guarantee
1× non-participating preference (planning)
No below €50M individual (SSOT threshold)
Institutional €1.63 planning default for residency-band Class B
Not conferred by AGICY — counsel + authorities
No on equity-only — optional only with separate Campus CPA
§ 04 Campus project · Vasilikos Phase 1
One project card — not a property catalogue.
What this is not: an apartment, a deed to a rack, a finished RE Golden Visa unit, or a live ECSP crowdfunding campaign.
§ 05 Phase-1 lock · Public facts · model under NDA
What is locked publicly — not a personal return table.
CapEx and capital-path facts only. Executed offtake = 0. Executed leases = 0. Senior debt is MODELED_UNCOMMITTED (€176.4M). We do not publish Y1–Y5 revenue, EBITDA, DSCR, EV, or MOIC on this face page — those materials stay in the counsel-gated Full-Programme Memo after IR / NDA.
§ 06 Limassol comparable · ILLUSTRATIVE · different jobs
Limassol rental apartment vs Class B — choose the job.
Ticket match (illustrative): €300,000 — CY Reg. 6(2) floor sizing · mid-market Limassol apartment band. A rental flat buys landlord yield + title. Class B buys illiquid growth equity in a pre-construction compute campus. Not a claim that equity is “better than real estate guaranteed.” Comparison year Y5 = company-plan / primary exit horizon — not a CY immigration free-sale date.
| Limassol RE (rent) | AGICY Class B equity | |
|---|---|---|
| Ticket | €300k | €300k |
| What you own | Title / apartment (deed) | Illus. shares @ €1.63 PPS (~184,049) |
| Income | Gross yield ASSUMPTION 5.0–6.5% · net ~3.5–5.0% | No contractual rent. 8% preferred accrues if paid — not committed |
| Immigration hold (statute — counsel) | CY Reg. 6(2): maintain RE for permit life; alienate without immediate equal/greater replacement → cancel. No statutory free at Y5. GR Art. 100 property: 5y permit renewable only while owned; resale revokes seller. | CY shares / RAIF (6(2)(C)/(D)): same maintain-or-replace as RE. GR Elevate Art. 100A: statutory 5-year share hold + 2-mo reinvest after; jobs maintain 5y. GR Art. 99 AIF: maintain for renewals — not free at Y5. No visa from AGICY. |
| Liquidity | Sell property (months; costs) — immigration may still require replacement if keeping PR | Private equity illiquid; immigration hold may continue past Y5 if residency kept; SHA may lock exit |
| Residency | Classic RE path where statute lists property | Equity / AIF counsel rail — not automatic; AGICY grants no visas |
| Key risks | Vacancy, rates, tax, sale timing | Construction / COD, offtake = 0, Target entities, dilution, junior debt |
§ 07 Indicative share math · ILLUSTRATIVE · not an offer
Amount ÷ €1.63 PPS — allotment TBA.
Method: amount ÷ institutional planning PPS €1.63. Ownership % vs illustrative post-conversion bridge share count is TBA until term sheet + counsel. Anchor €1.05 is not the default for residency-band amounts (MFN discipline).
§ 08 Honesty block · Common misconceptions
Myth vs fact — banker-grade only.
§ 09 FAQ · Structured data parity
Questions counsel will ask first.
§ 10 Register interest · No wire button
Next step: interest + counsel — not a checkout.
Residency-band readers (€250k–€1M): email IR. Institutional path (€5M+): use the existing onboard / data-room funnel. Live onboard amount dropdowns remain institutional-minimum today — residency-band eligibility is via Contact us until counsel extends bands.
Not an offer · CySEC / HCMC / Prospectus Regulation caution · No ECSP licence claimed · Capital at risk · Illiquid · Target entities · Immigration independent · Past / illustrative performance ≠ future · © AGICY