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Cyprus citizenship by Investment

Starting from March 19 2014, per the Cyprus law, the non-Europeans investing in the economy of Cyprus have the opportunity to obtain Cyprus (European) citizenship.

The Cyprus citizenship program offers the most simple and efficient means of obtaining EU citizenship; it is the only direct EU citizenship program as it has absolutely no residency requirement and passports are issued in just 3 months. Investors and their families can obtain full EU rights, including the ability to live and work in any EU country practically immediately.

Global citizenship

Dual citizenship offers an effective tool for international tax planning and provides financial privacy for banking and investment. It improves personal security, enables freedom of movement and allows access to the best healthcare and education opportunities.

In March 2014, Cyprus changed the legislation that enables foreign investors to become a Cypriot (EU) citizen and obtain a Cypriot passport through naturalisation, making it more accessible and affordable than ever.

An EU citizen is any person who holds the nationality of an EU country. EU passport holders are entitled to enter, reside, study and work in the European Union, Iceland, Liechtenstein, and Norway. Non-Cypriot Investors can acquire Cyprus Citizenship by naturalization by exception on the basis of the Civil registry Laws 2002-2013.

Key facts:

  • Time to citizenship: 3 months
  • Residency requirement: None
  • Exit strategy: 3 years
  • Eligibility: All nationalities
  • Visa-free travel: 158 countries
  • Dual citizenship: Permitted
  • Family: Spouse, dependents up to age 28 & parents of main investor
  • Tax consequences: None

Mobility – Stability and security – Healthcare and education – Taxation and Succession planning – Investment opportunities – Enhanced financial freedom

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Plenty of Benefits

Investment criterion

Cyprus citizenship may be obtained through a secure property investment, the financial criterion being as follows: €2 Million investment in residential real estate (the investment can be in a single property or portfolio).

Parents of the main investor can be included in the application provided that they purchase a permanent residence property with a value of at least €500.000. This amount can be pooled in the main investment, if preferred.

BENEFITS OF THE PROGRAM

  • Citizenship granted within three months
  • No physical residency requirement
  • Passports issued to the investor, their spouse and dependent children up to age 28, provided
  • they are in full-time education
  • Cyprus allows dual citizenship
  • All nationalities eligible
  • No language requirement, medical test or interview
  • Exit strategy after 3 years
  • Citizenship is passed on by descent, thus offering a legacy to future generations
  • No tax consequences, unless you opt to become tax resident in Cyprus
  • Pure investment, no donation required

BENEFITS OF CYPRUS EU CITIZENSHIP

  • Unrestricted right to live, work, travel and study anywhere in the European Union
  • Visa-free travel to 158 countries
  • Free trade within EU, business access to 500 million EU citizens
  • Cyprus has no inheritance tax, has a highly favourable corporate tax structure and a comprehensive double tax treaty network
  • Cyprus offers a great place to visit/live, it enjoys a strategic geographical position, offers excellent worldwide connections, has excellent infrastructure, a pleasant climate and is highly stable
  • Establishment and free movement of services and goods

CONDITIONS

  • The main investment may be sold after three years; however, the investor must always

maintain/purchase a property with a value of at least €500,000

  • Property purchased up to 3 years prior to the submission of the citizenship application will count towards the required investment
  • Applicants must hold a clean criminal record from the country of origin and country of residence if different and their name must not be on the list of persons whose property is ordered to be frozen within the EU

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