Cyprus is an island country in the Eastern Mediterranean Sea and a European Union member. Cyprus has a Mediterranean climate with very mild winters and hot summers. Cyprus’ resilient economy is based on tourism and services, whilst it is currently developing in the field of Energy and notably in the Oil and Gas sectors. With low personal and corporate taxation, extensive network of tax treaties excellent airline connections, stable and safe environment as well as exceptional climate Cyprus is one of the preferred countries to live, operate from or retire in.
The citizenship by investment programme:
The Cyprus government has developed and maintains an attractive citizenship by investment programme aimed at foreign investors and businessmen. It must be noted that spouses/cohabitees and children up to the age of 28 that are financially dependent on the qualifying foreign investor are also granted citizenship without having to meet any further financial criteria. Parents of an investor can also be granted citizenship provided they acquire a residence in the Republic of Cyprus for the price of €500.000 plus VAT.
Prequalifiers that must be fulfilled in order to be eligible:
The 4 alternative ways that may be used in order to qualify for naturalization:
How Kinanis LLC can help:
Kinanis LLC, a law and consulting firm, is one of the leading business law firms in Cyprus. The firm has been advising international investors and private clients on all aspects of law, tax and accounting for over 33 years. We are an innovative multidisciplinary firm providing a full range of services combining law and accounting with the extensive expertise to ensure that our clients will obtain the best possible spherical advice. www.kinanis.com