Citizenship

 

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EU Citizenship By Investment

EU Citizenship By Investment - Cyprus

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!


QUICK FACTS
1. Time To Citizenship: 3 months
2. Residency Requirement: None
3. Exit Strategy: 3 Years
4. Eligibility: All Nationalitie
5. Visa-Free Travel: 168 Countries
6. Dual Citizenship: Permitted
7. Family: Spouse: dependents up to age 28 & parents of man investor

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.

KEY MOTIVATORS

- Mobility - Stability and security - Healthcare & education

- Taxation & Succession planning - Investment opportunities - Enhanced financial freedom

CYPRUS CITIZENSHIP BY INVESTMENT

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, Switzerland and Norway.

Non-Cypriot Investors can acquire Cyprus Citizenship by naturalization by exception on the basis of the Civil registry Laws 2002-2013.

INVESTMENT CRITERION

Cyprus citizenship may be obtained through a secure property investment, the financial criterion is 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, dependent children up to age 28, provided
they are in full-time education & parents of main investor

> 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 168 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 infrastruc ture, a pleasant climate and is highly stable

> Establishment and free movement of services and goods

1. 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
2. Property purchased up to 3 years prior to the submission of the citizenship application will count towards the required investment
3. 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

Become an EU citizen in just 90 days! 
THE FREEDOM TO LIVE, WORK AND TRAVEL ANYWHERE IN THE EU

EU MEMBER COUNTRIES

• Austria • Denmark • Hungary • Malta • Slovenia
• Belgium • Estonia • Ireland • Netherlands • Spain
• Bulgaria • Finland • Italy • Poland • Sweden
• Croatia • France • Latvia • Portugal • United Kingdom
• Cyprus • Germany • Lithuania • Romania
• Czech Republic • Greece • Luxembourg • Slovakia

> EU citizens also enjoy these rights in Switzerland, Iceland, Lichtenstein and Norway which participate in the European Economic Area (EEA).

> European Citizens have the right to attend schools/universities within any EU country

for free or with reduced tuition rates, as applicable

> European citizens have the right to protection by the diplomatic or consular authorities of any EU country in a third country (country outside the EU) where your home EU country is not represented by a consulate

> European citizens can access the established first-class EU health care systems

VISA - FREE / ON ARRIVAL TRAVEL TO 168 COUNTRIES

THE CYPRIOT PASSPORT IS RANKED 9TH IN THE WORLD!

• Albania • Fiji • Malaysia • Saint Vincent and the
• Andorra • Finland • Maldives Grenadines
• Anguilla • France • Malta • Samoa
• Antigua and Barbuda • French Guiana • Marshall Islands • San Marino
• Argentina • French Polynesia • Martinique • São Tomé and Príncipe
• Armenia • French Southern • Mauritania • Senegal
• Aruba • Gambia • Mauritius • Serbia
• Australia • Georgia • Mexico • Seychelles
• Austria • Germany • Micronesia • Singapore
• Bahamas • Gibraltar • Moldova • Slovakia
• Bahrain • Greece • Monaco • Slovenia
• Bangladesh • Greenland • Montenegro • Solomon Islands
• Barbados • Grenada • Montserrat • Somalia
• Belgium • Guatemala • Morocco • South Africa
• Belize • Guinea-bissau • Mozambique • South Korea
• Bermuda • Haiti • Myanmar • Spain
• Bolivia, • Honduras • Mayotte • Sri Lanka
• Bosnia and Herzegovina • Hong Kong • Nepal • Swaziland
• Botswana • Hungary • Netherlands • Sweden
• Brazil • Iceland • New Caledonia • Switzerland
• British Virgin Islands • Indonesia • New Zealand • Taiwan
• Brunei Darussalam • Iran • Nicaragua • Tajikistan
• Bulgaria • Iraq • Niue • Tanzania
• Cambodia • Ireland • Norway • Thailand
• Canada • Israel • Oman • Timor-leste
• Cape Verde • Italy • Palau • Togo
• Cayman Islands • Jamaica • Panama • Tonga
• Chile • Japan • Papua New Guinea • Trinidad And Tobago
• Colombia • Jordan • Paraguay • Turkey
• Comoros • Kenya • Peru • Tuvalu
• Costa Rica • Kiribati • Philippines • Uganda
• Croatia • Kuwait • Pitcairn • Ukraine
• Czech Republic • Kyrgyzstan • Poland • United Arab Emirates
• Denmark • Lao People's • Portugal • United Kingdom
• Djibouti • Latvia • Qatar • Uruguay
• Dominica • Lebanon • Reunion • Vanuatu
• Dominican Republic • Lesotho • Romania • Vatican
• Ecuador • Liechtenstein • Saint Helena, Ascension, • Venezuela
• Egypt • Lithuania and Tristan Da Cunha • Wallis and Futuna
• El Salvador • Luxembourg • Saint Kitts And Nevis • Zambia
• Estonia • Macedonia • Saint Lucia • Zimbabwe
• Falkland Islands • Madagascar • Saint Martin
• Faroe Islands • Malawi • Saint Pierre and Miquelon

> Cypriot passport holders can quickly and cost effectively obtain visas for other countries, such as the USA

The Cyprus citizenship program offers the most simple and efficient means to obtaining European citizenship. All nationalities are eligible to apply and the requirements are minimal.

APPLICATION CRITERIA

In addition to making a real estate investment applicants must also meet the following criteria / supply the following documents:

> Passport (copy)

> Birth certificate

> Police clearance certificate from country of origin and country of residence if different

> Marriage certificate (if applicable)

> Detailed biography

APPLICATION FEES / GOVERNMENT FEES

Submission fee €2,000 per adult, minor child €80

Approval fee €5,000 per adult

TAXES

Vat may be reduced to 5% on the first property purchase (first 200m²) Standard vat rate is 19%

Additional taxes and duties apply (approximately €4,000)

THE PROCESS

step 1 - Review and select real estate investment

Select property/ies (through visit to Cyprus or via correspondence).

Sign purchase agreement and transfer funds to a secure account.

Receipt issued by our company, which is required for application.

step 2 - Preparation of citizenship application – the client will receive a detailed application package and document checklist.

Applicant must gather all necessary papers required for application

(see application criteria). The documents must be officially translated into Greek or English and certified with apostille (if in a country which has signed the Hague Convention of 1961) or stamped by the Ministry of Foreign Affairs and relevant Cyprus Embassy.

step 3 - Acquire pre-approval

The appointed lawyer completes a pre-clearance check

step 4 - Citizenship and PR application submitted to Government

Payment of submission fee €2,000 per adult applicant.

Application lodged, together with the property purchase agreement and all required documents, at the Ministry of Interior.

step 5 - Issue of Cypriot citizenship

Once ratified by the Council of Ministers, a citizenship certificate is issued. This Certificate must be signed by the applicant either in front of a Registrar of a Cypriot Court or a Consular at any Cypriot Consulate abroad within 3 months of receiving approval. In Cyprus the process, including collection of biometric ID cards, takes under 1 day, through an embassy the process takes up to 2 weeks.

step 6 - Naturalisation of children

Submit the applications of children to be naturalised. Applications of minor children are processed within 3 weeks; they can visit Cyprus anytime to collect their papers. Adult children's applications are processed within 2 months and are subject to a submission fee of €2,000 and approval fee of €5,000. Adult children must visit Cyprus within 3 months to collect their passport and identity card.

Note: Further to the changes announced on the 13.09.16 by the Ministry of Interi-or an additional government fee may be applicable for the PR application.

We are also awaiting clarification on the procedure concerning the submission of the main applicants parents.

CYPRUS, AN OVERVIEW

Cyprus is a modern country that enjoys a strategic geographical position. It lies at the crossroads of three continents, Europe, Africa and Asia, thus provides unrivalled access and travel opportunities. With its excellent flight connections and first-class airports, the island is perfectly placed for working and travelling within and beyond the European Union. Cyprus has a rich heritage and diverse culture, beautiful beaches with the cleanest bathing waters in Europe, fresh air, a wonderful Mediterranean climate and cosmopolitan cities with an abun-dance of amenities. The island offers a low cost but high standard of living and is a very popular year-round destination for Europeans seeking a coastal or golf holiday.

Cyprus has a modern, free-market, service based economy and is a favored business destination due to its strong set of business and taxation advantages. Additionally, the island is very safe and stable making it an ideal location for families and students. Cyprus is an emerging regional energy hub, since the discovery of huge hydrocarbon reserves in its Exclusive Economic zone the island has seen a surge in foreign investment and development. Cyprus enjoys world-class property rights and solid investment, trade, labor, business and financial freedom.

> Full EU member > Excellent healthcare system
> Excellent British education > Relatively low cost & high standard of living
> Beautiful scenery & very low crime rate > English widely spoken
> Strategic location enables easy access to Europe, > Very clean air & the cleanest bathing waters
Africa & Asia in Europe!
> Excellent year-round climate > Efficient & transparent British-based legal
> Advanced infrastructure system
> No inheritance tax > Cyprus allows dual citizenship

CYPRUS GLOBAL RANKING

The Economist- where to be born index 2013, rank 24 The World Bank - Doing Business 2014, rank 39

2015 Index of Economic Freedom, world rank 45, regional rank 20 Forbes Best Countries for Business Index, rank 33

Knight Frank Global Lifestyle review 2013, rank 5 UNDP Human Development Indicators, rank 31

INTERNATIONAL MEMBERSHIPS

World Trade Organisation (WTO) (1995)

Organisation for Security and Cooperation in Europe (OSCE) (1975)

The Commonwealth (1961)

The Council of Europe (CoE) (1961)

The United Nations (UN) (1960) and its Specialised Agencies

The World Bank

The International Monetary Fund (IMF)

EU & EUROPEAN MONETARY

UNION MEMBER STATE

Cyprus became a full EU member state in May 2004 and joined the EU Monetary Union in 2008. Through Cyprus, foreign investors can access 500 million EU citizens.

BUSINESS & TAXATION

Cyprus is firmly established as a reputable interna-tional commerce centre, the ideal bridge between East and West. It offers a tax efficient gateway for channeling 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 increas-ing network of double tax treaties and zero with-holding 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 chose Cyprus as their Mediterranean/European operations base.

INFORMATION & COMMUNICATION

TECHNOLOGIES

An advanced, continuously expanding network infrastructure, including an extensive submarine fiber optic cable network and wireless access system networks, connects Cyprus with the rest of the world. Of the 28 EU member states, Cyprus ranks 4th for innovation and 6th for linkages and entrepreneurship. Major multinational ICT firms operate regional headquarters in Cyprus, using the country as a regional base/gateway into and out of the EU for corporate functions.

SHIPPING

Cyprus has two deep sea ports with close geographic proximity to the Suez canal. It is the largest third-party ship management centre in the EU (Second largest worldwide) and has the third largest merchant fleet in the EU (10th in the world).

PROFESSIONAL SERVICES & REGULATORY

FRAMEWORK

Cyprus has a modern legal and regulatory frame-work based on the British legal system and common law principles. The island is recognized as an international 'centre of excellence' for professional services. Cyprus has more than 120 limited accounting firms and 40 partnerships, 160 limited liability law firms and 2,500 registered advocates.

INFRASTRUCTURE

Cyprus has an advanced infrastructure including two multi-purpose deep sea ports, two interna-tional airports, an advanced high-speed, internet and telecommunications system and a modern road network connecting all cities.

ENERGY

Cyprus is an emerging regional energy hub located at the crossroads of international energy routes. US oil giant Nobel, French oil giant Total and South Korea's ENI Kogas have signed exploration and production contracts for blocks in Cyprus' Exclusive Economic zone. Oil services giants are following, Halliburton has just chosen Cyprus as its Eastern Mediterranean base. Cyprus' energy policy is EU harmonized, ensuring competiveness, liberalization, security of supply and environmen-tal protection.

QUALITY OF LIFE

Cyprus offers a high standard of living in a clean, safe and healthy environment. It offers first-class healthcare and education, has an ideal Mediterra-nean climate, fresh cuisine, beautiful scenery, clean beaches and hospitable people. English is widely spoken making integration very simple.

CYPRUS FACT FILE
LOCATION
Southeast Europe, island in the Mediterranean
CAPITAL CITY
Nicosia (Lefkosia)
GEOGRAPHICAL AREA
9251km2, 3rd largest Mediterranean island
EU MEMBER
Since 2004


TIME DIFFERENCE
GMT+2

LANGUAGE
Greek, Turkish, English widely spoken

RELIGION
Greek Orthodox, Muslim, other

GOVERNMENT TYPE
Presidential democracy

CURRENCY
Euro (EUR)

GDP
$21.62 billion (2013 est)
purchasing power parity
$24,500 (2013 est.) per capita
Composition: agriculture: 2.4%,
industry: 15.9%, services:81.7% (2013 est.)

CLIMATE
Mediterranean, mean temperature 23°C

POPULATION
1,155,403

AGE STRUCTURE
0-14yr:15.8%, 15-24yr:15.8%, 25-54yr:46.9%
55-64yr:10.6%, 65yr+:11%

DRINKING WATER & SANITATION
100%

COASTLINE
648km, Cleanest bathing water in Europe
(European Environment Agency)

HIGHEST POINT
1951m, Mt Olympus


Disclaimer:

The contents and information contained here are intended for general marketing purposes only and must not be construed as advice, or being complete and accurate nor be relied upon as such. Neither the company nor any of its directors or employees give any representation or warranty as to the reliability of the information contained herein, and shall not be responsible and disclaim all loss, liability or expense of any nature whatsoever which may be attributable (directly, indirectly or consequentially) to the use of the information provided.



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