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Citizenship by Investment 12P E-Mail CYPRUS EU citizenship by investment VISA-FREE TRAVEL TIME TO CITIZENSHIP RESIDENCY REQUIREMENT 158 Countries 3 Months None EXIT STRATEGY ELIGIBILITY 3 years All Nationalities LOCATION CLIMATE Southeast Europe, island in the Mediterranean Mediterranean, mean temperature 23°C CAPITAL CITY POPULATION Nicosia (Lefkosia) 1,155,403 GEOGRAPHICAL AREA AGE STRUCTURE 9251km”, 3rd largest Mediterranean island 0-14yr:15.8%, 15-24yr:15.8%, 25-54yr:46.9% 55-64yr:10.6%, 65yr+:11% EU MEMBER Since 2004 DRINKING WATER & SANITATION 100% TIME DIFFERENCE GMT+2 COASTLINE 648km, Cleanest bathing water in Europe LANGUAGE (European Environment Agency) Greek, Turkish, English widely spoken HIGHEST POINT RELIGION 1951m, Mt Olympus Greek Orthodox, Muslim, other GOVERNMENT TYPE Presidential democracy CURRENCY Euro (EUR) GDP $21.62 billion (2013 est) purchasing power parity $24,500 (2013 est.) per capita Composition: agriculture: 2.4%, industry: 15.9%, services:81.7% (2013 est.) EU & EUROPEAN MONETARY PROFESSIONAL SERVICES & REGULATORY Dual citizenship offers an effective tool for international tax planning and UNION MEMBER STATE FRAMEWORK provides financial privacy for banking and investment. It improves Cyprus became a full EU member state in May Cyprus has a modern legal and regulatory frame- personal security, enables freedom of movement and allows access to the 2004 and joined the EU Monetary Union in 2008. work based on the British legal system and best healthcare and education opportunities. Through Cyprus, foreign investors can access 500 common law principles. The island is recognized million EU citizens. as an international ‘centre of excellence’ for professional services. Cyprus has more than 120 BUSINESS & TAXATION CYPRUS CITIZENSHIP BY INVESTMENT limited accounting firms and 40 partnerships, 160 Cyprus is firmly established as a reputable interna- limited liability law firms and 2,500 registered tional commerce centre, the ideal bridge between advocates. In March 2014, Cyprus changed the legislation that enables foreign East and West. It offers a tax efficient gateway for investors to become a Cypriot (EU) citizen and obtain a Cypriot passport channeling foreign investments anywhere in the INFRASTRUCTURE through naturalisation, making it more accessible and affordable than world. The Cyprus tax system is in full compliance Cyprus has an advanced infrastructure including ever. An EU citizen is any person who holds the nationality of an EU with EU and OECD requirements. It provides a two multi-purpose deep sea ports, two interna- country. EU passport holders are entitled to enter, reside, study and work unique combination of favourable participation tional airports, an advanced high-speed, internet in the European Economic Area (European Union, Iceland, Liechtenstein, exemption provisions on income emanating from and telecommunications system and a modern BENEFITS OF THE PROGRAM and Norway) and Switzerland without a visa. international activities, applies a wide ever increas- road network connecting all cities. ing network of double tax treaties and zero with- > holding Passports taxes issued on any within type three of payments months made > ENERGYCitizenship is passed on by descent, thus offering > anywhere Passports in issued the world. to the Corporationinvestor, their tax spouse is just Cyprusa legacy is toan future emerging generations regional energy hub located INVESTMENT CRITERIA 12.5%. These benefits are just a few reasons why so at the crossroads of international energy routes. and dependent children up to age 28, provided > Cyprus has no inheritance tax, has a highly many multinational firms chose Cyprus as their US oil giant Nobel, French oil giant Total and Cyprus citizenship may be obtained through a secure property investment, Mediterranean/European they are in full-time education operations base. Southfavourable Korea’s corporate ENI Kogas tax have structure signed and exploration a the financial criteria are as follows: > Cyprus allows dual citizenship andcomprehensive production contractsdouble tax for treaty blocks network in Cyprus’ INFORMATION & COMMUNICATION > Unrestricted right to live, work, travel and study > ExclusiveNo tax consequences, Economic zone. unless Oil you services opt to giants are TECHNOLOGIES 1. €2.5m investment in a single luxury property or following, Halliburton has just chosen Cyprus as An anywhere advanced, in thecontinuously European expanding Union network become tax resident in Cyprus 2. €2.5m investment in real estate plus €500,000 permanent residence its Eastern Mediterranean base. Cyprus’ energy > infrastructure, Visa-free travel including to 158 countries an extensive submarine > policyCyprus is offersEU harmonized, a great place ensuring to visit/live, competiveness, it enjoys fiber optic cable network and wireless access > Free trade within EU, business access to 500 liberalization,a strategic geographical security of supplyposition, and offers environmen excellent- system networks, connects Cyprus with the rest of tal protection. million EU citizens worldwide connections, has excellent infrastruc the world. Of the 28 EU member states, Cyprus > ranks All nationalities 4th for innovation eligible and 6th for linkages and QUALITYture, a pleasant OF LIFE climate and is highly stable > entrepreneurship. No language requirement, Major multinational medical test ICT firms > CyprusCypriot offers passport a high holders standard can ofquickly living andin a costclean, operate regional headquarters in Cyprus, using the safe and healthy environment. It offers first-class or interview effectively obtain visas for other countries, such country as a regional base/gateway into and out of healthcare and education, has an ideal Mediterra- > the Exit EU strategy for corporate after 3 functions. years neanas the climate, USA fresh cuisine, beautiful scenery, > No physical residency requirement clean beaches and hospitable people. English is SHIPPING widely spoken making integration very simple. Cyprus has two deep sea ports with close geographic proximity to the Suez canal. It is the largest third-party ship management centre in the CONDITIONSEU (Second largest worldwide) and has the third largest merchant fleet in the EU (10th in the world). i. The investor must always keep a real estate property of minimum value €500,000, which will be declared as the permanent residence. The remaining investment may be sold after 3 years. ii. Any property purchased during the past three years will count towards the required investment figures. iii. Applicants must hold a clean criminal record from the country of origin. VISA - FREE TRAVEL TO 158 COUNTRIES The Cypriot passport is ranked 14th in the world! • Albania • France • Madagascar • Saint Lucia • Andorra • French Guiana • Malawi • Saint Martin (French Part) • Anguilla • French Polynesia • Malaysia • Saint Pierre And Miquelon THE FREEDOM TO LIVE, WORK AND TRAVEL ANYWHERE IN THE EU • Antigua and Barbuda • French Southern • Maldives • Saint Vincent and the • Argentina Territories • Malta Grenadines • Armenia • Gambia • Marshall Islands • Samoa • Aruba • Georgia • Martinique • San Marino • Austria • Germany • Mauritania • Serbia EU MEMBER COUNTRIES • Bahamas • Gibraltar • Mauritius • Seychelles • Bangladesh • Greece • Mayotte • Singapore • Barbados • Greenland • Mexico • Slovakia • Belgium • Grenada • Micronesia, • Slovenia • Austria • Denmark • Hungary • Malta • Slovenia • Belize • Guadeloupe Federated States Of • Solomon Islands • Belgium • Estonia • Ireland • Netherlands • Spain • Bermuda • Guatemala • Moldova, Republic Of • South Africa • Bulgaria • Finland • Italy • Poland • Sweden • Bolivia, • Guinea-bissau • Monaco • Spain • Croatia • France • Latvia • Portugal • United Kingdom Plurinational State of • Haiti • Montenegro • Swaziland • Cyprus • Germany • Lithuania • Romania • Bosnia and Herzegovina • Vatican • Montserrat • Sweden • Botswana • Honduras • Morocco • Switzerland • Czech Republic • Greece • Luxembourg • Slovakia • Brazil • Hungary • Mozambique • Tajikistan • Brunei Darussalam • Iceland • Nauru • Tanzania, • Bulgaria • Indonesia • Nepal United Republic Of • Burundi • Ireland • Netherlands • Thailand • Cambodia • Israel • New Caledonia • Timor-leste > European Citizens have the right to attend schools/universities within any EU country • Canada • Italy • New Zealand • Togo for free or with reduced tuition rates, as applicable • Cayman Islands • Jamaica • Nicaragua • Tonga • Chile • Japan • Niue • Trinidad And Tobago > European citizens have the right to protection by the diplomatic or consular • Colombia • Jordan • Norway • Turkey authorities of any EU country in a third country (country outside the EU) where your • Costa Rica • Kenya • Oman • Tuvalu • Croatia • Kiribati • Palau • Uganda home EU country is not represented by a consulate • Cyprus • South Korea • Panama • Ukraine > European citizens can access the established first-class EU health care systems • Czech Republic • Kuwait • Papua New Guinea • United Arab Emirates • Denmark • Kyrgyzstan • Paraguay • United Kingdom • Dominica • Lao People's • Peru • Uruguay • Dominican Republic Democratic Republic • Philippines • Vanuatu • Ecuador • Latvia • Pitcairn • Venezuela, • Egypt • Lebanon • Poland Bolivarian Republic Of • El Salvador • Lesotho • Portugal • Virgin Islands, British • Estonia • Liechtenstein • Qatar • Wallis And Futuna • Falkland Islands • Liechtenstein • Reunion • Zambia (Malvinas) • Lithuania • Romania • Zimbabwe • Faroe Islands • Luxembourg • Saint Helena, Ascension • Fiji • Macedonia,
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