EU Passport

The Island of Love

Cyprus is without a doubt an outstanding amongst other nations situated in Europe to live, work or retire in. Since becoming a member of the European Union (EU) state in 2004 and an individual within the Eurozone in 2008, the Republic of Cyprus offers a low individual tax collection framework, brilliant foundation, wonderful atmosphere, great airline associations, while likewise offering a safe haven for foreign investors and their families.

Country Benefits

Internationally regulated competitive tax system with network of agreements with 43 countries

Corporate income tax of 12.5%, one of the lowest rates in the Europoean Union

Foreign sourced dividends are exempt from tax

One of the safest and most stable countries in the world

Under European Union law and citizen of European Union State

English is widely spoken within the country

English standard legal system and common law

Perfect opportunity to operate and access European mainland

Friendly environment, excellent climate and tourist-friendly place

Naturalisation By Exemption

The Republic of Cyprus enables applications from foreign investors to get the Cyprus Citizenship by venture under the arrangement of the Council of Ministers' Decision of 13 September 2016 which brought into impact the Naturalization By Exemption Programme on the premise of Article 111A(2) of the Civil Registry Laws of 2002-2015.

Prerequisites

1

Clearn Criminal Record from the country of residence. The investor cannot be blacklisted in European Union

2

Possession of residence(s) in Cyprus with a total net price of at least €500,000

3

Possession of a permanent residence in the Republic of Cyprus. The permit may be filed simultaneously with the citizen application

Key Points Of Eligibility

A non-Cypriot citizen, meeting the financial criteria explained in the next page

The spouse/cohabitee, the minor or financially dependant adult children and parents of the investor can also qualify

The definition of financially dependant adult children is:

Undergraduate or postgraduate university student of up tp 28 years of age

A first-time participant of the undergraduate or postgraduate degree

Not studying to acquire professional title such as Aca, ACCA or Barrister

Student should be within the first 2 years of the his/her studies

The parents of the investor can qualify providing:

Their own accommodation in Republic of Cyprus with a minimum value of €500,000 + VAT

Living with the investor provided that the total value of the accommodation is at least €1,000,000 + VAT

Financial Criteria

The investor is required to invest a minimum amount of €2,000,000 in one of the below areas and hold the investment for at least 3 years:

1

Investment in immovable propery, developments and infrastructure projects. This includes purchase of construction of buildings and land development projects

2

Acquiring, incorporating or participating in Cyprus businesses or companies financing of the investment objectives of the companies exclusively in Cyprus

3

Investment in alternative investment funds (AIFs) or financial assets of Cypriot businesses or Cypriot organizations licensed by CySec

4

Combination of the previous criterias and purchase of special government bonds of Republic of Cyprus up to €500,000

GET IN TOUCH WITH US

Do you have a question or want to know more about our services? We are here to assist you.

CONTACT US