The Cyprus Citizenship by investment 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 three months. Investors and their families can obtain full EU rights, including the ability to live and work in any EU country practically immediately.
Last year Russian oligarch Oleg Deripaska became the latest high-profile tycoon to acquire a Cypriot passport, according to the Guardian, which allows him visa-free access to the EU.
Deripaska, an aluminium magnate with connections to Donald Trump’s former campaign manager Paul Manafort, became the latest member of the Russian elite to obtain a Cypriot passport.
Until September 2016, foreign investors had to have at least €5million ($6,194,185.58) in domestic assets, including real estate, firms and government bonds.
However, Cypriot officials then decided to lower the threshold to €2million ($2,473,544.90).
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.
Cyprus citizenship by investment program may be obtained through a secure property investment. The financial criteria is as follows:
Euro 2 Million investment in the residential real estate (the investment can be in a single property or portfolio)
Cyprus offers a high standard of living in a clean, safe and healthy environment. It offers first-class healthcare and education, has an ideal Mediterranean climate, fresh cuisine, beautiful scenery, clean beaches and hospitable people. English is widely spoken making integration very simple.
Cyprus is firmly established as a reputable international commerce centre, the ideal bridge between East and west. It offers a tax efficient gateway for channelling foreign investments anywhere in the world. The Cyprus tax system is in full compliance with Eu and OECD requirements.
It provides a unique combination of favourable participation exemption provisions on income emanating from international activities, applies a wide ever-increasing network of double tax treaties and zero withholding taxes on any type of payments made anywhere in the world. Corporation tax is just 12.5%. These benefits are just a few reasons why so many multinational firms choose Cyprus as their Mediterranean/ European operations base.
We are available on every channel convenient for you.
Citizenship by Investment FAQs provide invaluable guidance for investors seeking to expand their opportunities and enhance their global mobility. In…
Residency by investment FAQs serve as a crucial resource for families seeking to safeguard their future. Residency by Investment has…
Immigration policies differ across regions and countries, and most people have to meet stringent requirements and conditions to qualify for…
Greece Residency By Investment New Regulation Greece has announced new minimum investment thresholds for its Golden Visa Program. This…
Starting a business in Dubai places entrepreneurs at the heart of one of the world's most vital economic hubs. It…
An overview of life in Latvia vs. Hungary: living costs, healthcare, education, cities, and language. Latvia and Hungary offer similar…