Benefits of Cyprus citizenship

THE FREEDOM TO LIVE, WORK AND TRAVEL
ANYWHERE IN THE EU

GLOBAL CITIZENSHIP

Dual citizenship offers an effective tool for international tax planning and provides financial privacy for banking and investment. It improves personal security, enables freedom of movement and allows access to the best healthcare and education opportunities.

KEY MOTIVATORS

- Mobility - Stability and security - Healthcare & education - Taxation & Succession planning - Investment opportunities - Enhanced financial freedom

CYPRUS CITIZENSHIP BY INVESTMENT

In March 2014, Cyprus changed the legislation that enables foreign investors to become a Cypriot (EU) citizen and obtain a Cypriot passport through naturalisation, making it more accessible and affordable than ever. An EU citizen is any person who holds the nationality of an EU country. EU passport holders are entitled to enter, reside, study and work in the European Union, Iceland, Liechtenstein, Switzerland and Norway.

Non-Cypriot Investors can acquire Cyprus Citizenship by naturalization by exception on the basis of the Civil registry Laws 2002-2013.

COLLECTIVE INVESTMENT SCHEME INVESTMENT CRITERION

A collective citizenship application requires the simultaneous deposition of at least 5 applications, the investors and investments are totally independent. Pafilia submits a collective group on a monthly basis and has achieved a 100% approval rate to date.

INVESTMENT CRITERION

Cyprus citizenship may be obtained through a secure property investment,
the financial criterion is as follows:

€2.5 Million investment in residential real estate (the investment can be in a single property or portfolio).

BENEFITS OF THE PROGRAM

> Passports issued within three months
> No physical residency requirement
> Passports issued to the investor, their spouse and dependent children up to age 28, provided they are in full-time education
> Cyprus allows dual citizenship
> All nationalities eligible
> No language requirement, medical test or interview
> Exit strategy after 3 years
> Citizenship is passed on by descent, thus offering a legacy to future generations
> No tax consequences, unless you opt to become tax resident in Cyprus
> Pure investment, no donation required

BENEFITS OF CYPRUS EU CITIZENSHIP

> Unrestricted right to live, work, travel and study anywhere in the European Union
> Visa-free travel to 158 countries
> Free trade within EU, business access to 500 million EU citizens
> Cyprus has no inheritance tax, has a highly favourable corporate tax structure and a comprehensive double tax treaty network
> Cyprus offers a great place to visit/live, it enjoys a strategic geographical position, offers excellent worldwide connections, has excellent infrastructure, a pleasant climate and is highly stable
> Establishment and free movement of services and goods

CONDITIONS

1. The main investment may be sold after three years; however, the investor must always maintain/purchase a property with a value of at least €500,000
2. Property purchased up to 3 years prior to the introduction of the legislation will count towards the required investment
3. Applicants must hold a clean criminal record from the country of origin and their name must not be on the list of persons whose property is ordered to be frozen within the EU

EU MEMBER COUNTRIES
• Austria
• Belgium
• Bulgaria
• Croatia
• Cyprus
• Czech Republic
• Denmark
• Estonia
• Finland
• France
• Germany
• Greece
• Hungary
• Ireland
• Italy
• Latvia
• Lithuania
• Luxembourg
• Malta
• Netherlands
• Poland
• Portugal
• Romania
• Slovakia

 

•Slovenia
• Spain
• Sweden
• United Kingdom

> EU citizens also enjoy these rights in Switzerland, Iceland, Lichtenstein and Norway which participate in the European Economic Area (EEA).
> European Citizens have the right to attend schools/universities within any EU country for free or with reduced tuition rates, as applicable
> European citizens have the right to protection by the diplomatic or consular
authorities of any EU country in a third country (country outside the EU) where your
home EU country is not represented by a consulate
> European citizens can access the established first-class EU health care systems

Click here to learn how to apply for citizenship.