Cyprus Citizenship and Residence Program - New Website

Why Cyprus?

The Mediterranean lifestyle in Cyprus offers a variety of pleasant amenities and is about finding the perfect balance of business, leisure, food, a safe place to live for the family and a country that offers a fast track solution to a European passport that lets you travel freely. Cypriot citizens may also use their national identity cards to exercise the right of free movement within the EU member states.

A panoramic view of Limassol cityscape at night. Cyprus

Cyprus is a modern country, a member of the European Union since 2004 and the Euro zone since 2008, that enjoys a strategic geographical position. It lies at the crossroads of three continents, Europe, Africa, and Asia, providing unlimited business investment and travel opportunities.

Soon after independence in 1960 the Republic of Cyprus became a member of the United Nations, the Commonwealth, the Non-Aligned Movement and the Council of Europe. Cyprus subsequently became a member of other international organisations, including the Organisation for Security and Cooperation in Europe and the World Bank.

Outstanding Advantages only available in Cyprus

More and more non-European investors understand and realize the true benefits.

The most noticeable benefits are time and simplicity. Cyprus offers the only Citizenship Program in Europe to acquire a European Passport in around 90 days with no residence or minimum stay requirements, no country related knowledge or language tests, no preparation for citizenship tests or citizenship judges.

There is no requirement to make a donation to the local government unlike the Maltese citizenship scheme which requires a donation of €650,000.

Other countries including Malta require applicants to physically live in the country twelve months prior to filing an application for citizenship.
It is the fastest application process for EU Citizenship currently available with passports issued within 90 days of filing.

Investors for citizenship are able to take advantage of Cyprus’ attractive tax system and strategic location at the crossroads of three continents – Europe, Africa and Asia.

Cyprus enjoys a high standard of living with good access to reputable private schools and medical facilities. It also has one of the lowest crime rates in the EU.

 

Beautiful Mediterranean Lifestyle

Cyprus lifestyleThe country is located in the Mediterranean Sea, a short distance from Lebanon, Turkey, the Islands and Egypt. Cyprus enjoys an idyllic Mediterranean lifestyle, beautiful beaches, 340 days of sunshine a year and welcoming friendly people in a relaxed environment. Cyprus is a safe country to live in.

With its excellent flight connections and first class airports, the island is perfectly placed for business and travelling within and beyond the European Union. Cyprus is well known for its rich heritage and diverse culture, beautiful blue flag beaches with the cleanest bathing waters in Europe, a wonderful Mediterranean climate and cosmopolitan cities. The island offers a low cost but high standard of living and is a very popular year – round destination for tourists seeking a coastal summer or mountain winter holidays. Cyprus has a modern, free – market, service based economy and is a favoured business destination due to its strong set of business and taxation advantages. The island is also well known for its safe and stable environment that makes it an ideal location for families and students.Cyprus offers a high standard of living, modern transport and infrastructure, excellent academic institutions (several accredited European Universities such as British and American), access to quality medical services, a stable government and a robust legal framework which is based on British law and fully harmonized with EU directives.

The country is ancient with rich history, known as the Jewel of the Mediterranean and the birthplace of Aphrodite, the ancient “Goddess of Love”. Although the official language is Greek and Turkish but English is all you need and spoken in all walks of life.

Taxation

Not only does Cyprus have the lowest and most favourable tax rates in Europe, it also has many tax exemptions for non-residents.  Non-residents are only liable to pay taxes in Cyprus for income generated in the country.  Moreover, there is no withholding tax on interest income derived in Cyprus or dividends earned in the country.  Cyprus has signed a Double taxation treaty with 43 countries to ensure that taxable income derived in Cyprus is credited from the country of tax residence of the individual.

Economy, Business and Banking

Cyprus is rapidly recovering from recent economic turmoil thanks to significant activities in the shipping, tourism, financial & legal services sectors. The recent discovery of huge hydrocarbon reserves in its Exclusive Economic zone makes Cyprus an emerging regional energy hub attracting major foreign investments.

The immigration programs – residency and naturalization, which the Cyprus Government started promoting in the past few years have proved to be extremely popular creating strong demand in the property sector. Cyprus enjoys world – class property rights and solid investment, trade, labor, business and financial freedom. Cyprus is a favoured business destination for international companies for its strategically geographical location between Europe, Middle East and Africa. Cyprus is considered a great hub for international banking not only for companies registered in Cyprus but for those which are registered in other tax jurisdictions such as UAE, UK, BVI, Seychelles, Belize, etc. The Cypriot banking system has a good understanding of International trust law and the use of nominee services for those who wish to have anonymity, privacy and desire the highest level of confidentiality. The Central Bank of Cyprus permits all major currencies to be held and traded in Cyprus.

Cyprus