Citizenship in Cyprus
Dual Citizenship has a number of important benefits, from tax planning, to investment privacy, and the EU remains enormously popular as a second Citizenship location. The Cyprus EU Citizenship program is one of the fastest and simplest routes to EU Citizenship, with passports issued in just six months. No donation is required to complete the process, which works purely on the basis of a secure financial property investment.
Cyprus - gateway to the EU
Cyprus has been a full EU member state since 2004 and joined the EU Monetary Union in 2008. In 2014, legislation was introduced allowing foreign investors to become Cypriot (EU) citizens, acquiring a Cypriot passport through naturalisation.
A Cypriot passport holder is an EU passport holder and a passport holder of any EU country and is also considered an EU citizen. EU citizens can work, reside, study and travel within the EU, as well as Iceland, Liechtenstein, Switzerland and Norway.
The benefits of Citizenship
Becoming an EU citizen opens up the right to live and work anywhere in the EU. Visa-free travel is available to 168 countries and free trade rules within the EU provide access to a potential business market of 500 million EU citizens. There are numerous advantages to obtaining this access via the Cyprus Citizenship program.
Speed and flexibilty
Passports are granted within six months and there is no requirement of residency in Cyprus.
Open to all
Any nationality can apply for Cyprus EU citizenship and there is no language requirement, medical test or interview to complete.
EU passports are made available to the investor, a spouse, parents of the investor, as well as dependent children aged 28 or less who are in full time education.
Exit after 3 years
The main investment can be sold on after three years, as long as a property with a value of at least €500,000 is maintained.
Only those who choose to become tax resident in Cyprus need worry about changes to taxation. For those who do, Cyprus has no inheritance tax, friendly corporation tax and a strong double tax treaty network.
Both current and future generations will have the right to either live in Cyprus or remain in their home country.
Investors can own a business in Cyprus or set up an internationally trading business using Cyprus as a base. It’s simple to make use of Cyprus’ excellent business and tax advantages.
Investors of any nationality can apply for EU Cyprus Citizenship. No donation is required only the investment deposits, information and documentation mentioned below. In addition to an investor, a spouse, minor children and unmarried adult children up to the age of 28 who are studying outside of Cyprus can also benefit from citizenship. The parents of the investor can also become Cyprus Citizens. Once citizenship is obtained it is valid forever.
Documents and conditions
In addition to the property purchase, a number of documents must be supplied by an investor, including:
Application fees apply:
- €2,000 per adult€80 per minor child
- €5,000 per adult
Taxes apply to the property purchase:
- VAT standard rate is 19%. However, this may be reduced to 5% on the first property purchase (first 200m2)
- Additional taxes and duties apply (approximately €4,000)
The steps involved
The process of applying for EU Cyprus Citizenship has been made very simple and is designed to be completed quickly. For most investor applicants it takes just six months to arrange a passport.
Children - dependent or non-dependent
Children can apply to be naturalised once a parent investor has obtained EU Cypriot citizenship.
For minor children this normally takes around three weeks. Minor children can collect their documents from Cyprus at any time.
Applications for naturalisation of adult children take up to two months and passport and identity card must be collected from Cyprus within three months. Adult child naturalisation is subject to fees, including a submission fee of €2,000 and approval fee of €5,000.
Please contact us for any queries or information requests in relation to the Citizenship program in Cyprus.
Residency in Cyprus
The Cyprus Permanent Residency (PR) program offers to non-EU nationals guaranteed permanent residency. The whole process takes 2 months period and the candidate can benefit with a single real estate investment of €300,000. It applies to the investor, the spouse, the dependent children (up to age 25), the parents of the investor and the parents of the spouse. The permit is valid for lifetime and the process is simple and can be arranged whilst not in Cyprus.
Please contact us for any queries or information requests in relation to the Residency program in Cyprus.