Cyprus is a country found in the continent of Europe and it is an active member of the European Union. The country has a high-income economy and yet it has the lowest tax rate compared to all the other countries in the European Union making it a business-friendly environment.
Cyprus has as its official languages Greek and Turkish, but English is also widely spoken in the country.
Cyprus is an island and a destination town for many tourists. The country is known for its golden beaches, amazing sea caves and dazzling sunshine. The beauty of the country is associated with the birth of the goddess of the love and beauty Aphrodite. Because of the uniqueness of its beauty, the country is visited from people all over the world.
Cyprus has a unique history and welcomes people from all over the world. It is perhaps because of these different people that Cyprus is now one of the countries in the world with a mixture of various cultures making it attractive for peoples around the world to visit.
CITIZENSHIP BY INVESTMENT
In 2013, the council of a minister in Cyprus met and decided to give non-EU investors and their families an opportunity to gain citizenship in Cyprus through a programme called naturalization by investment.
GENERAL REQUIRMENTS
Application for naturalization by investment must fulfill the following conditions;
- Must be over 18 years’ oldl
- Have a good character, including having no criminal conviction
All investments in residential real estate should be retained for a minimum period of 3 years. At the end of the retained period. Applicants have the option to make multiple property purchases.
BENEFITS OF THE PROGRAM
- Citizenship granted within 4-6 months
- No physical presence required.
- Passports issue to the investor, their spouse, dependent children up to age of 28(provided they are in full-time education) & parents of the main investor.
- All nationalities eligible
- No language requirements, medical test or interview.
- Exit strategy after 3 years.
- No tax consequences, unless you opt to become tax resident in Cyprus.
- Pure Investment, no donation required
BEBEFITS OF CYPRIOT CITIZENSHIP
With a Cyprus nationality, you are considered a Cypriot citizen. Cypriot citizen enjoys a range of benefits, including:
- Unrestricted right to live, work, travel and study anywhere in the European Union.
- Ability to access almost 168 countries visa-free.
- Free Trade within EU, business access to 500 million EU citizens
- Cyprus has no inheritance tax, has a highly favorable corporate tax structure and comprehensive double tax treaty network.
- Given the opportunity to have dual citizenship.
- The living cost here is inexpensive, but the standard of living is high.
Permanent residence by investment
As an alternative way to secure permanent residence in Cyprus for investors and their dependents, an immigration permit application under the provision of Regulation 6(2) of the Aliens and Immigration Regulation may be submitted with the investment amount being substantially lower than the citizenship by investment program.
GENERAL REQUIREMENTS
Applicant for the permanent residency must fulfill the following conditions;
- Must be over 18 years’ oldl
- Have a good character, including having no criminal conviction
All investments in residential real estate should be retained for a minimum period of 3 years. At the end of the retained period. Applicants have the option to make multiple property purchases.
BENEFITS OF THE PROGRAM
Permanent residence granted in within 2-3 months.
Permanent residence can be converted to citizenship after 7 years if the applicant reside 4 years in Cyprus.
No physical presence required. Residence requirement is 1 day every 2 years.
Passports issue to the investor, their spouse, dependent children up to age of 25(provided they are in full-time education).
All nationalities eligible.
No language requirements, medical test or interview.
No tax consequences, unless you opt to become tax resident in Cyprus.
Pure Investment, no donation required.
Cyprus is the only European Union country in which non-European Nationals are able to obtain permit residency with a short period of time and with simple criteria. It has been observed that should the above criteria be fulfilled, residency is practically guaranteed.
BEBEFITS OF CYPRIOT PERMANENT RESIDENCY
Cyprus permanent residence can enjoy a range of benefits, including:
- Unrestricted right to enter in Cyprus.
- It is very easy to visit European Union countries while having the permanent residency.
- Cyprus has no inheritance tax, has a highly favorable corporate tax structure and comprehensive double tax treaty network.
- The living cost here is inexpensive, but the standard of living is high.
- Permanent residence can have access to free education which is one of the beast in the world.
- Cyprus is the only European Union country in which non-European Nationals are able to obtain permit residency with a short period of time and with simple criteria. It has been observed that should the above criteria be fulfilled, residency is practically guaranteed.