The very successful “Сyprus Investment Program” programme and the fast track “Cyprus Permanent Residence” programme enacted by the Cyprus Government in the last few years, rightfully render Cyprus as the “jurisdiction of choice” for many high net worth individuals and their families who decide to live, invest and set up their businesses in Cyprus.
Key factors that make Cyprus an attractive destination for investment, is the highly specialized human capital, the reliable legislative and regulatory framework, the stable tax system and the safety and stability conditions prevailing in the country.
Advantages of Obtaining Cyprus Citizenship by Investment
Today, a Cyprus citizenship which is also part of EU citizenship that offers the opportunity to create wealth across borders, to limit visa restrictions when traveling and it opens country borders for individuals, which is not always available when using the passport of the country you were born in.
As of 1 January 2017, Cypriot citizens had visa-free or visa on arrival access to 158 countries and territories, ranking the Cypriot passport 16th in terms of travel freedom according to the Henley visa restrictions index.
Benefits of Cyprus citizenship:
- You can travel, live, work, and study anywhere in the European Economic Area
- You can enjoy same rights as any European Citizen.
- The investors whole family can obtain the Cyprus Citizenship by Investment.
- Cyprus government allows Dual citizenship.
- Travel to 158 countries without a visa.
- Offers an effective tool for family and tax planning.
- Cyprus citizenship can become an additional insurance against political instability if needed.
- Cyprus has zero inheritance tax, gift tax, and wealth tax.
- Enables to some of the highest education and healthcare institution in the world.
- Fast track procedure to obtaining Cyprus citizenship by investment in 6 months.