Cyprus Investment
Why Cyprus?
Cyprus has a favourable tax routine for its residents. Over 80% of the country speaks English with excellent education infrastructure & has the lowest crime rate in European Union.
The Foreign Investors can become a Cypriot Citizen and obtain a Cypriot Passport through naturalization. Passport holders of an EU country are entitled to Enter, Reside, Study and Work in the European Union, Iceland, Liechtenstein, Switzerland and Norway.
CITIZENSHIP BENEFITS
Visa-Free Travel
A second citizenship can give you the freedom to journey across the globe, and explore new countries without bureaucratic hassle.
Investment
The second citizenship will open doors to new entrepreneurial options. It will give you the opportunity to fulfill your dreams of internationalization, and business expansion on a global scale.
A New Home
A second citizenship gives you the option to turn your dream destinations into a place to call home. It allows you to become part of a welcoming community.
Personal Security
A second passport may thus be indispensable to provide anonymity and protect oneself and one’s family from harmful, and sometimes even deadly, discrimination.
Education
Parents want to give their children the tools to succeed in learning and in life. A second passport or residence card can grant access to some of the top schools in the world.
Health Care
Citizenship or residence in a country that provides high standards of healthcare can have a significant impact on the lives of individuals who need medical attention.
PROGRAMS
CYPRUS PERMANENT RESIDENCY
Immigration Time Frame：4-6 Months
Feature：Speed access to
European PR
REQUIREMENTS
Conditions
The program requires an investment of at least €2,000,000 for the purchase or construction of real estate or creation of, or participation in businesses orcompanies that are based and operating in the republic.
Include
Applicants must hold a Clean Criminal Record from the country of Origin & country of Residence if different & their name must not be on the List of persons whose property is ordered to be frozen within the EU.
Assets
Property purchased up to 3 years prior to the submission of the citizenship Application will count towards the required investment.
Eligibility
Applicants who have applied for citizenship in another EU Member State and has been rejected are not
eligible to obtain the Cyprus Citizenship.
CYPRUS
CITIZENSHIP
Immigration Time Frame: 8-10 Months
Feature: Fastest access to
EU citizenship
REQUIREMENTS
Conditions
The program requires an investment of €2,000,000 in Residential real estate, an investment which must
be retained for a period of five years, and a €150.000 contribution.
Include
Applicants must hold a Clean Criminal Record from the country of Origin & country of Residence if different
& their name must not be on the List of persons whose property is ordered to be frozen within the EU.
Assets
Property purchased up to 3 years prior to the submission of the citizenship Application will count towards the required investment.
Eligibility
Applicants who have applied for citizenship in another EU Member State and has been rejected are not
eligible to obtain the Cyprus Citizenship.
Procedure
Review and Select Real Estate Investment
Preparation of Citizenship Application
Pre-clearance Check
Submit Applications (PR & Citizenship)
Completion of Naturalization
CLIENT TESTIMONIALS
FAQ ( Frequently Asked Questions )
What are some of the reasons the Cyprus citizenship by investment program is attracting so many international investors?
International business executives, investors, and important persons who are active worldwide consider an alternative citizenship and passport a powerful tool for international tax planning and a safety net should the living conditions at home become unbearable. Applicants realize that the Cypriot residency/citizenship provides several benefits, including:
-Visa-free travel to 159 countries, including the UK, Canada, and Europe
-A better education for the applicant’s children
-Children and grandchildren gain visa-free travel and the right to live, work, or study anywhere in Europe and Switzerland.
-A better quality of life for the family, including better healthcare and an unpolluted environment
-Relatively low real estate prices
-Personal security
-Tax advantages
-Freedom associated with having multiple passports
What tax burdens are imposed on an investor after obtaining Cypriot citizenship? Will the investor be required to pay taxes on income obtained from sources located abroad?
Upon obtaining citizenship of the Republic of Cyprus no new or additional tax liabilities arise for the investor unless the investor opts to become a Cyprus tax resident, i.e. to spend 183 days in Cyprus (or more days than in any other jurisdiction). Cyprus tax residents who are NOT DOMICILED in Cyprus, that means they have not been Cyprus tax residents for 17 years out of last 20, by the July 16, 2015 tax legislation will now NOT BE SUBJECT to taxes on dividends, rental income and bank deposit interest on a worldwide income and income generated in Cyprus. This is indeed revolutionary!
Can I include my family in my application?
Yes. All investment options to citizenship allow for dependents. ‘Dependent’ refers to: (1) children under the age of 18, (2) children between the age of 18 and 25 who are full-time students and financially dependent on the main applicant, and (3) parents or grandparents over the age of 65 years old, if they are living with or fully supported by the main applicant. Neither the spouse nor the children are required to make any additional financial investments.
What is the period for immigration authorities of Cyprus to consider an application for granting citizenship to investors?
The period for consideration of applications comprises three months at the most from submission of an application. Thus you obtain a passport of a citizen (national) of the Republic of Cyprus within about three months time.
Do new citizens have to pay taxes to the national treasury? Is there a tax on the income received from the sources outside Cyprus?
After fulfilling the program requirements and getting citizenship, the investor does not get burdened with any tax liabilities. One can obtain a tax resident status if he/she wants to. The jurisdiction taxpayers must live in Cyprus more than 2 months per year.
Which rights do foreign investors receive after obtaining the passport of Cyprus?
Cypriot passport holders get all the rights of EU citizens. One can reside, work and study in European countries without any limitations, travel visa-free to the Schengen and EU countries, change tax residence. One can also vote in the Cyprus elections.
Should a person reject their current citizenship?
The law of the Republic of Cyprus provides for dual citizenship in relations to the citizens of the countries having a specific agreement or arrangement with Cyprus.
Even if the country of your current citizenship doesn’t allow dual citizenship, it’s not always necessary to renounce the first/main citizenship. The information about the passport issuance is strictly confidential and is not transferred to the country of your current citizenship. Thus, you can use both passports.
Does JADE Group help the client at every stage of the application processing? Does the client receive assistance with choosing property, investing in an enterprise and case processing?
Yes, JADE support our clients starting from their first contact and ending with the final stage. Our lawyers help the program participants with all the documents preparation, help to choose objects for investment and with starting a firm in the territory of Cyprus.
For further information, lets contact with JADE as the contact below:
JADE Group
Email: frontdesk@jadevisa.com.au
Phone Number:
Australia: +61 (0)3 9034 3988
Vietnam: +84 (0)28 7300 9188
OUR PARTNERS
