Opportunity to open a business in Cyprus. Citizenship after seven years.
Lowest income tax in Europe – 12.5%
Opportunity to own a business in Cyprus (receive dividends)
Possibility to obtain Cyprus citizenship in 7 years
Fast processing – the residency is issued in just 2 months
Residency is issued for a lifetime. All family members can obtain residency as well
No requirement to reside in the country
Permanent residency of Cyprus can also be obtained by:
|Investment in real estate||Share in Cypriot business||Share in Cypriot investment funds|
|Minimum investment amount||From €300 000||From €300 000||From €300 000|
|Investment income||Depending on the object||Depending on the project||Depending on the investment object|
|Return on investment||Yes||Depending on the project||Yes, depending on the fund|
|Holding period||During the tenure of permanent residence||During the tenure of permanent residence||During the tenure of permanent residence|
The minimum amount of investments in residential and non-residential properties – €300,000
Minimum investment amount – €300,000
Free preliminary background check (due diligence) of an applicant (1 day) and contract signing in one of our offices or remotely. At this stage, it will be sufficient to provide the passport copies of all family members who will be included in the residency application.
PREPARATION OF DOCUMENTS
We receive Police Certificates, fill out government forms, arrange notarization, translation, and apostilization of all the necessary documents, sending the package to our lawyer in Cyprus. You will only have to affix your signature before we send the documents.
At this stage, we submit the documents to the Civil Registry and Migration Department. A visit to Cyprus is not required.
OBTAINING THE RESIDENCE CARD
After the Civil Registry and Migration Department approves your application, the residency cards are issued.
Children under 18 years of age who are not married and who are fully supported by the main applicant;
Children from 18 to 25 years old, unmarried, in full time attendance at a recognized institution of higher learning, and fully financed by the main applicant;
Children who have a mental or physical disability, regardless of age;
Parents or grandparents of the main applicant and/or spouse;
Former spouse cannot obtain citizenship.
Children from previous marriages can added in the application.
Financial dependence is confirmed by an extract on the transfer of funds from the account of parents to the account of their children, a certificate of full-time learning, the general registration address.
No, Cyprus permanent residency by investment is issued for a lifetime.
Yes, it’s possible to apply for Cyprus citizenship in 7 years after becoming a resident.
Yes, you need visit Cyprus to obtain your resident cards and then once every 2 years.
There are no residency requirements, however, you need to visit the country once every 2 years. You do not need to know the language, there is no language exam.
Yes, you need to submit your biometric data
All documents are sent by mail.
No, you don’t as you don’t need to renew your residency.
Yes, Cyprus isn’t a part of the Schengen agreement. However, you can apply for a visa under a simplified scheme. You need a visa to enter the US and the UK.
The main applicant and/or dependants can apply for a work permit by submitting an application for a ‘single work permit’ through the normal channels. We can help with this.
Confirmation of employment and/or ownership of business is required. The following documents may be requested:
- certificate of salary, dividends received;
- certificate from the tax authorities;
- documents on the sale of real estate or other assets;
- an extract from the brokerage account on the sale of securities or income received;
- sale or gift contract;
- other documents confirming the acquisition of income.
One or several documents can be provided, the checklist is agreed when preparing the case.
A Cyprus residency is issued within two months from the date the application is submitted.
The Regulations provide that the amount of €30,000 is fixed for three years. It is also possible for the amount to be in a currency other than Euro; provided the total value of the deposit is the equivalent of €30,000 at all times during the three year lock-in period. The interest rate applied to the fixed deposit depends on the terms of offer of each eligible bank. The beneficiary of the interest accrued is the depositor/applicant.
An applicant will either not pass the due diligence check, or will be deprived of his Cyprus residency in case it was obtained by providing false information, fraud or concealing true information, or in case he is found guilty under the laws of Cyprus.
provision of false information;
- involvement in terrorism, money laundering, crimes against humanity or crimes that violate human rights and freedoms, or admission of guilt in such crimes;
- availability of a criminal record or criminal proceedings for serious criminal offenses;
- posing a potential threat to public order, national security or the reputation of Cyprus.
GDP 2020 - $25,70 bln.;
Population 2020 - 1 216 056 people;
The capital is Nicosia;
Sectors of the economy - tourism, industry, agriculture;
Doing Business 2020 ranking - 55rd out of 190 in the World Bank's ranking of ease of doing business;
According to The Financial Times, Cyprus is ranked 7th out of 12 among countries that offer citizenship by investment. Cyprus is ahead of Malta, Bulgaria, Austria and other European countries.