The right to live, work, own and operate a business, travel and study in any EU country.
Cyprus has a low 12.5% rate of Corporate Income Tax plus other tax benefits and allowances.
Availability of modern communications, excellent legal and accounting services.
Visa free travel to 173 countries.
Citizenship is granted to the applicant, the spouse, all financially dependent children up to the age of 28 and the applicant's parents.
There are no language requirements or obligations to live in Cyprus prior or after the application process and obtaining the citizenship.
Cyprus offers a high standard of living, wonderful climate and ecology, one of the safest places in the world to live in and a multicultural environment.
Minimum investment – €2 million (non-inclusive of VAT, if any) through the purchase of a single property or a number of properties.
The investment in real estate must be retained for a minimum period of 5 years, after 5 years the investment in real estate can be reduced to a minimum of €500,000 (non-inclusive of VAT, if any) in residential property which must be held indefinitely.
Examples of investments under this option:
Purchase one villa for €1.5 mln., and one apartment for 500,000 Euro. Sell the villa in 5 years and keep the apartment.
Purchase one villa for €2 mln. and sell it in 5 years, at the same time purchase one residential property (apartment or house) for a minimum amount of €500,000.
Parents of the main applicant can also be included within the same application, subject to approval of the main applicant, with additional investment of €500,000 in residential property (non-inclusive of VAT, if any).
Applicants are required to donate €100,000 to the Cyprus Land Development Corporation.
Applicants are required to donate €100,000 to the Research and Innovation Foundation.
A valid Schengen visa is required to be possessed by the applicant at the time of application to obtain the Cyprus Citizenship.
A clean criminal record is required.
Upon application, the Cyprus Citizenship is granted within 6-9 months thereafter.