Cyprus Residency /
Citizenship by Investment
Citizenship by Investment
Cyprus Citizenship For International Investors
Cyprus Citizenship: Security. Opportunity. Peace of mind.
*** UPDATE: Cyprus Citizenship Investment Program Discontinued. The Cyprus Citizenship by Investment program was discontinued in 2020. The Cyprus permanent residency program is still operational. For an alternate citizenship by investment option please review the citizenship by investment program of Malta (EU) which is still active and currently accepting applicants. ***
Cyprus immigration by investment programs
for investors and their families.
Live and work in the EU.
In an effort to stimulate the country's economy through job creation and capital Cyprus is offering foreign nationals investment programs that can lead to Cyprus permanent residency, and Cyprus citizenship after living in Cyprus in residency status for seven (7) years. The Cypriot passport is similar to the passports of Germany, France, or any other EU country; Cyprus passport holders may live, work or study in any country belonging to the European Union
There are no requirements to disclose the applicant's source of wealth or funds, there is no medical testing, and there are no language requirements.
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. The applicant and his family receive full citizenship and passports.
Live, work or study in any of the EU countries
The immigration by investment programs of Cyprus provide for affluent persons of impeccable standing and repute, including their families, to receive Cyprus residency on the basis of an investment in Cyprus, and citizenship after 7 years in legal residency status. Once citizenship is granted, the applicant may live, work or study in any of the member countries of the European Union.Visa free travel
Cyprus citizenship (EU citizenship) offers full European Union benefits, including visa-free travel across the "Schengen Area" of the European Union as well as access to many non-EU countries.A better quality of life for the family
Cyprus is a safe country that enjoys a low cost of living index. The country has long been a vacation spot for Europeans and high net worth individuals who flock to the island for its sunny and warm climate year-round. Cyprus offers a modern infrastructure ranging from reliable phone and internet service to secure banking to well-established air and sea routes connecting the island to the European mainland and international destinations.Permanent residency can be obtained through a minimum investment of EUR 300,000.
Cyprus citizenship, i.e. the European passport, the European passport, is available to applicants after seven years of residency status.
Cyprus Citizenship / Residency by Investment
Program Information
Cyprus has been a full member of the European Union since 2004. The island is located in the north eastern Mediterranean Sea, at the crossroads of Europe, Asia and Africa. The strategic location of the island has played an important role in its development as a financial center.
The Cyprus permanent residency program allow applicants to live in Cyprus indefinitely and lifts traveling restrictions and elaborate visa requirements across the EU. Applicants may file for citizenship after 7 years in residency status. EU citizenship grants the permission to live, work or study in any country of the European Union.
Qualified candidates include international business executives, investors, public figures, VIPs, and important persons who meet the minimum application requirements.
There are no requirements to disclose the applicant's source of wealth or funds, there is no medical testing, and there are no language requirements.
Application Requirements / Eligibility for Cyprus Residency
The minimum investment amount under the residency program is EUR 300,000. Investment options include:
1) A new residential property (house or apartment).
2) A new or existing commercial property (plus additional residential property purchase or rental).
3) Share capital of an existing Cyprus company that employs at least five persons (plus additional residential property purchase or rental).
4) Units of a Cyprus Collective Investment Organization investment fund (plus additional residential property purchase or rental).
2) A new or existing commercial property (plus additional residential property purchase or rental).
3) Share capital of an existing Cyprus company that employs at least five persons (plus additional residential property purchase or rental).
4) Units of a Cyprus Collective Investment Organization investment fund (plus additional residential property purchase or rental).
Further, an applicant must demonstrate financial self-sufficiency which is defined as an annual income of at least EUR 30,000 - which must emanate from sources outside of Cyprus in case of a residential property investment, and which may emanate from sources inside of Cyprus for investment into commercial property or share capital.
Why Cyprus?
With its warm and stable climate and convenient geographical position Cyprus is considered an attractive place for residence. At least 320 days of sunshine a year classify the island as one of the sunniest European locations.
Cyprus has recently been designated the 5th best relocation destination in the world by a report published by Knight Frank, a leading independent, global real estate consultancy firm. Ranked by key business and leisure indicators, Cyprus was the only European country alongside Switzerland to make it into the top five – ahead of London, Madrid and Monaco.
In addition to pleasant weather, the investment landscape in Cyprus is beneficial due to the island’s well-qualified labor force, attractive taxation and a reliable transport and telecommunications system. Cyprus ranks highly because of its favorable tax regime for new residents, particularly high net worth individuals.
Cyprus has a modern, free-market, service-based economy, with an effective and transparent regulatory and legal framework, giving international investors and businesses confidence to invest, grow and prosper.
Advantages of Cyprus Residency
Living in Cyprus
The Permanent Residency Permit grants a Non-EU national the right to permanently reside in Cyprus with no renewal requirements. Once granted, the Permanent Residency Permit covers the whole family: the main applicant and spouse, their parents and dependents up to the age of 28.Visa-Free Travel
Permanent residency lifts traveling restrictions and elaborate visa requirements across the EU, facilitating access to the Schengen zone. Visa-free travel covers a growing list of countries, including Germany, France, Italy, Luxembourg and the Netherlands. For other countries, a simplified visa is available to permanent residency holders. (Note: Cyprus citizenship allows visa-free travel across all 26 "Schengen Area" countries.)Fast Track Application Processing
Fast track application procedure - all applications are reviewed by the Civil Registry and Migration Department and the Ministry of Interior grants final approval within 3-6 months from the date of filing. The application can be processed in the applicant’s absence and filed on their behalf.Favorable Tax Structure
Becoming a citizen of Cyprus does not have any tax implications unless you reside in the country for over 183 days during the year. A Cyprus tax resident is exempt from tax on worldwide dividends and interest income for a period of 17 years. In addition to this, a Cyprus tax resident is exempt from tax on gains on disposable of securities. This is recognized as the most attractive personal income tax regimes in the onshore tax world.Advantages of Cyprus Citizenship
Free Movement of Persons
Cyprus citizens can freely travel, reside, study and work within the 28 countries of the EU, as well as Switzerland, Norway, Iceland and Liechtenstein.Free Movement of Services
Cyprus citizens and their companies can offer services within EU member states without obstacles.Free Movement of Capital
Cyprus passport holders can transfer funds between EU member states, purchase property in any preferred EU country, and invest in any type of business venture.Free Movement of Goods
All goods produced in EU member states can be freely transferred between countries of the European Union.Attractive Tax System
Cyprus is an attractive financial center due to its highly favorable tax system and strategic location at the crossroads of three continents – Europe, Africa and Asia. Becoming a citizen of Cyprus does not have any tax implications unless the applicant moves to the country.High Standard of Living
Cyprus presents a high standard of living due to its access to reputable private schools, trustworthy private medical facilities and having among the lowest crime rates within Europe.Visa Free Travel
Cypriot passport holders do not require a visa to travel within the EU and also to travel to many non-EU countries.Our Qualifications
Our associated attorneys are amongst the very few providers in Cyprus with actual experience preparing and submitting successful residency and citizenship applications. Our team is also well positioned to provide additional services for clients, including legal assistance, drafting and review of property acquisition agreements, organizing property valuations and any other related services.
The firm's extensive and well established network of property experts and real estate agents is readily available to assist applicants with locating and evaluating properties that match the applicant's investment objectives.
In addition to immigration law the firm is providing advisory services to clients ranging from high net worth individuals to owner-managed businesses to larger corporations in the areas of company formation and tax law.
Application Services
Specific application-process related services include:- Advising you on your chances of success before filing your application;
- Providing you with pre-immigration legal and tax advice;
- Guiding you with the preparation of supporting documentation;
- Vetting and preparing all supporting documentation for submission;
- Corresponding and liaising with government authorities on your behalf during the application process;
- Providing continuous application progress updates.
Additional Services
Other optional services the firm provides on an as-needed basis include:- Handling applications for work permits, and any type of residence permits;
- Legal and notarial representation on purchase, rental and re-sale of property in Cyprus;
- Reviews of your contract(s);
- Co-ordination of architectural surveys & planning applications;
- Referral to leading interior designers & turnkey providers for property conversions;
- Personal and corporate international tax planning;
- Dealing with all periodical tax matters including annual returns and tax payments;
- Drawing up of wills, international probate;
- Administration of estates, foundations, trusts;
- Advice on the formation & management of trading & holding companies in Cyprus;
- Yacht registration under the Cyprus flag;
- VAT planning.
Zenturo Ltd.
Residency & Citizenship by Investment Programs WorldwideCyprus Office: Limassol, Nicosia
394A / 395A, Triq il-Kbira San Guzepp
Santa Venera SVR 1016, Malta
Phone: +356 9950 5515
WhatsApp: +356 9991 4125
Telegram: +356 9991 4125
WeChat: ZenturoSupport
Skype: Zenturo Ltd. Support
Service Inquiries: service@zenturo.zenturo.com
General Counsel: legal@zenturo.zenturo.com
Company Registration No.: C-39472
VAT ID: MT-18142026