Cyrpus Citizenship Program Overview
- Minimum investment required is EUR 2 million
- Entire application process for obtaining citizenship takes approximately 6 months
- There is no requirement for applicants to live in Cyprus prior, during, or after the application process
- There are no language requirements
- Investors must keep their investments for a period of five years, after which they will be eligible to sell, provided that they keep a personal residence property worth €500,000
- Applicants are required to donate 150,000 euros on top of the investment amount
- Citizenship is obtained by the spouses, minor children (below 18) and adult financially dependent children up to the age of 28
- The investor can also include his/her parents in the application
Second citizenship is permitted in Cyprus
- No tax consequences whatsoever when someone is obtaining Cyprus citizenship
All rights of an EU Citizen
Holders of a Cypriot passport are, by extension, EU citizens with the right to reside, work, and study in, travel to, and own or manage a business in any of the EU states without limitations.
Attractive tax system
Cyprus enjoys a highly favourable tax system, with exemptions from tax on dividends and interest income received worldwide over a period of 17 years for ‘non-domiciled’ tax residents. Cyprus also boasts zero inheritance or immovable property tax, and has the lowest income tax rate in the EU