Passport and Citizenship in Cyprus
Citizenship by Investment | Get Second Passport in Cyprus
Situated in the north-eastern part of the Mediterranean Sea and to the south of Turkey, Cyprus is the largest island in the eastern Mediterranean as well as being the third smallest country in the EU, after Malta and Luxembourg. Cyprus joined the EU as a de facto divided island but the whole of Cyprus is EU territory.
Cyprus successfully diversified its largely agrarian economy into one based on services – including a large tourism sector – and light manufacturing. More recently it has also developed into an important financial hub, especially for investors from Russia and Eastern Europe.
Main Benefits of Obtaining Citizenship in Cyprus through the Citizenship-by-Investment Program
- Cyprus passport within 6 months only!
- Unrestricted right to live, work, own and operate a business, travel & study anywhere in the EU
- Visa-free travel to 157 countries
- Citizenship is granted to the applicant, the spouse and all financially dependent children up to the age of 28
- Cyprus allows dual citizenship
- Low tax rates (currently 12.5% corporation tax, and a tiered income tax from 0 to 35%) including no capital gains tax, wealth tax, inheritance tax, or gift tax, no estate duty, and no income tax paid on income from dividends or interest
- Access to the first-class EU health care and education systems
- No requirement to reside in Cyprus
- No donations required
- Investment to be kept just for 3 years
- No exams in history or Greek language
- The citizenship can be passed to future generations by descent
- The ability to work, run a business, and live in any of the EU member states
Hold no criminal record.
Solid Business background information
Excellent financial background
Good references with good CV of applicant
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