publications

Citizenship by Investment in Cyprus

21 Dec/18

SCHEME FOR NATURALIZATION OF INVESTORS IN CYPRUS BY EXCEPTION

The Cyprus Government as a part of its policies aiming to attract foreign investors in Cyprus, established new financial criteria based on which all nationalities are eligible for Cyprus’ citizenship by investment program. It improves personal security, enables freedom of movement and grant access to healthcare and education opportunities. There is no physical residency requirement, no language assessment exam, medical test or interview and passports can be issued to the investor, their spouse and dependent children up to age 28, provided they are in full-time education. Since citizenship is passed on by descent it is possible to offer a legacy to your future generations.


THIS MEANS

Your entire family can obtain citizenship. You can travel, live, work and study anywhere in the European Economic Area which includes the European Union, Iceland, Lichtenstein and Switzerland. You can travel to more than 158 countries without a visa. It is an effective tool for family and tax planning.

It also offers additional insurance against instability. Cyprus has zero inheritance, wealth, gift and immovable property taxes. It will enable you to access some of the finest education and healthcare institutions in the world.

You will be able to enjoy free movement of capital, services and goods.


NATURALIZATION REQUIREMENTS



Applicant 18+



Investment > €2mln for minimum 3 years


Clean Criminal Record



Residence worth €0.5mln kept for life


Minimum of one visit





BENEFITS OF THE PROGRAM


TIME TO CITIZENSHIP

6 Months

RESIDENCY REQUIREMENT

None

ELIGIBILITY

All nationalities

VISA-FREE TRAVEL

158+ countries

DUAL CITIZENSHIP

Permitted

FAMILY

Spouse, dependants up to age 28 & parents of main investor

EXIT STRATEGY

3 Years
 

TAX CONSEQUENCES

None



WHY INVEST IN CYPRUS


  • Member of EU with the Euro as official currency
  • 300 days of sunshine with an average annual temperature of circa 20o Celsius
  • A charismatic region in the winter with the warmth & beauty of the summer combined
  • Investors seeking strong, long term returns, Cyprus as a mature market and sound investment area in which to expand their property portfolios
  • Excellent British education (30% of students are foreign)
  • Excellent healthcare system
  • Highly qualified & multilingual workforce (English widely spoken)
  • Sophisticated, high quality financial professional services and support
  • Efficient British-based legal system
  • Multi-cultural environment with a strong British, Russian and growing Chinese community
  • Wide choice of financial and legal services
  • Largest natural gas find in the Mediterranean worth trillions of Euro