The Republic of Cyprus is one of the few European jurisdictions that has a state programme for granting preferences to investors in matters of naturalization, with the limit set at 700 annual applications.
The Cyprus Investment Programme is a real opportunity for investors to obtain Cypriot citizenship and tax residency after at least 6 months from the date of application for all family members, including children under the age of 18 (under certain special conditions for students under 28 and even dependent parents), with the same investment coverage. Cyprus is attractive to investors for its stable economic growth, its geographical location, effective taxation, high quality of life, security and of course the mild Mediterranean climate.
The Programme also provides that from the moment of obtaining permanent residence, the Applicant has the right to apply for the tax resident status in Cyprus (Tax Identification Number - TIN) which, in particular, offers a tax rate of 0% for dividends, interest, and income from the sale/lease of real estate located outside of Cyprus for a period of 17 years. Tax on income from the sale of Securities will not be collected for life. To ensure this tax status, the Applicant must spend a total of at least 60 days a year on the Island.
In addition, the Applicant's children will be exempt from military service in Cyprus, and citizenship will be inherited by all descendants.
When planning an investment in a new or existing business, it is important to consider the crucial Program criteria. Namely: the amount invested directly in the business should start from € 2.000.000, at least 5 local or EEC employees and a business plan are mandatory. Cyprus' economy offers a great variety of opportunities for entrepreneurs, from the tourist industry to the construction of solar power plants. A pro-business tax regime is also a factor. You may always count on our consulting, legal and practical support!
The minimum required amount of investment in real estate (excluding VAT): in residential from € 1.500.000, and in the commercial from € 2.000.000. Investments in the purchase or construction of buildings, land development projects, tourism facilities, and other infrastructure projects are encouraged. Real estate on the coast renting schemes, for example, bring a cash income of 4-5% per annum, plus a possible capital gain. We will provide full assistance and advice in choosing the most suitable project for you.
For those who are not seeking active involvement in business, the option for passive investments in Alternative Investment Funds (AIF) is available. Investments of AIFs are regulated by the Cyprus Securities and Exchange Commission, in its turn, must be carried out within Cyprus. It is possible to combine different strategies, provided that the value of such investments always starts from € 2.000.000. We have accumulated extensive experience in this area and by choosing us, you are choosing an expert solution for yourself.