Tax incentives and access to the European business market
Non-EU citizens obtain Cyprus permanent residence by investing at least €300,000 in real estate or securities.
Permanent residents may not pay taxes on global income, including dividends and capital gains. The country has no inheritance tax and low income and property tax rates.
The Cypriot jurisdiction is one of the best places to register the tax residency of an international business or open a new company. The corporate tax rate in the country is only 12.5%.
A permanent resident can obtain Cyprus citizenship after five years of living in the country. Citizens travel without visas to 170+ countries, including the European Union and the UK.
Tax optimisation
There is no tax on global income and inheritance and low property and income taxes rates. The corporate tax rate is one of the lowest in Europe — 12.5%.
Income from investments in real estate
Prices on Cypriot real estate grow by 1—4% every year. The same yield is applied to leases of residential property.
Prospect of obtaining a Cypriot passport
Permanent residence is issued for life and is passed on to children. 5 years after receiving permanent residence, its holder can apply for Cyprus citizenship and become a full-fledged citizen of the European Union.
Opportunity to own a business
Unlike under many other investment immigration programs, investors with the Cyprus permanent residence can buy shares in local businesses, open their own companies or transfer operating companies to the island’s jurisdiction.
High quality of life
Cyprus has been included in the IMF list of developed economies since 2001. According to the Human Development Index, Cyprus ranks 31st in the world. The island has the lowest crime rate in Europe.
The investor can choose from several investment options of €300,000: buy residential or commercial real estate, shares of Cypriot companies or units of local investment funds.
If the applicant has chosen to invest in non-residential property, buying or renting housing on the island will also be necessary. In this case, there are no space or cost requirements.
Investments can be returned only after the permanent residence expiration or obtaining citizenship.
Purchase of residential property €300,000+
The investor can buy one or two new properties with a total value of €300,000 plus VAT. The standard VAT rate is 19%. But if the property is the only housing and the investor plans to live there and not rent it out, VAT is reduced to 5%. It is not possible to buy a resale property.
Immigrant Invest has a database with hundreds of reliable properties, including those at the construction stage, which our clients can buy without a commission. Our lawyers will organize a trip and accompany investors when choosing a property.
| Investor | Married couple | Family of 3 + | |
|---|---|---|---|
| Purchase of a residential property | €300,000+ | €300,000+ | €300,000+ |
| VAT | €15,000+ | €15,000+ | €15,000+ |
| Legal services | 1% of the transaction amount | 1% of the transaction amount | 1% of the transaction amount + €500 per each additional applicant |
| Confirmation of income | €30,000+ per year | €35,000+ per year | €40,000 per year
+ €5,000 per family member starting with the fourth one + €8,000 per parent |
| Immigration submission fee | €500 | €500 | €500
+ €500 per child over 18 and parent |
| Registration fees | €70+ | €140+ | €210+
+ €70 per family member starting with the fourth one |
Purchase of commercial property €300,000+
The investor can buy one or two commercial properties with a total value of €300,000 plus VAT. The property can be new or for resale. Offices, shops, hotels or a combination worth at least €300,000 qualify as commercial properties under the option.
| Investor | Married couple | Family of 3 + | |
|---|---|---|---|
| Purchase of a commercial property | €300,000+ | €300,000+ | €300,000+ |
| VAT | €57,000+ | €57,000+ | €57,000+ |
| Legal services | 1% of the transaction amount | 1% of the transaction amount | 1% of the transaction amount + €500 per additional applicant |
| Confirmation of income | €30,000+ per year | €35,000+ per year | €40,000 per year
+ €5,000 per family member starting with the forth one + €8,000 per parent |
| Immigration submission fee | €500 | €500 | €500
+ €500 per child over 18 and parent |
| Registration fees | €70+ | €140+ | €210+
+ €70 per family member starting with the fourth one |
Shares of Cypriot companies €300,000+
Equity investment in a Cypriot company that conducts business and employs at least 5 people in Cyprus.
Purchase of securities €300,000+
Investments in units of Cypriot investment funds in the form of AIF, AIFLNP, and RAIF.
| Investor | Married couple | Family of 3 + | |
|---|---|---|---|
| Investment option:
1. Shares of Cypriot companies 2. Units of Cypriot investment funds |
€300,000+ | €300,000+ | €300,000+ |
| Confirmation of income | €30,000+ per year | €35,000+ per year | €40,000 per year
+ €5,000 per family member starting with the forth one + €8,000 per parent |
| Due Diligence | €15,000 | €25,000 | €25,000
+ €10,000 per family member over 12 years old |
| Immigration submission fee | €500 | €500 | €500
+ €500 per child over 18 and parent |
| Immigration submission fee | €500 | €500 | €500
+ €500 per child over 18 and parent |
| Registration fees | €70+ | €140+ | €210+
+ €70 per family member starting with the fourth one |
The investor, a spouse and a child
| Purchase of a residential property | Purchase of a commercial property | Investments in securities | |
|---|---|---|---|
| Investment | €300,000+ | €300,000+ | €300,000+ |
| VAT | €15,000+ | €57,000+ | _ |
| Confirmation of income | €40,000 per year | €40,000 per year | €40,000 per year |
| Due Diligence | €25,000 | €25,000 | €25,000 |
| Immigration submission fee | €500 | €500 | €500 |
| Registration fees | €210 | €210 | €210 |
| Fee for a permanent residence card | €7,000 | €7,000 | €7,000 |
Our Compliance & Anti Money Laundering officer examine Investor documents, Applicant only need to provide Passport, We do ensure the privacy and confidentiality of the client.
1 Day
Government Approved Agents' Lawyers prepare the list of personal and financial documents required to apply for Citizenship Program, Include Passports, Birth and marriage certificates and Bank Statement, Lawyers fill out all the sate forms themselves and certify copies of documents: Investor only need to sign
2 to 4 Weeks
We submit the required documents and the application to the government department dealing with the citizenship or residence permit by investment program on behalf of our clients. The government department starts its Due Diligence check when the applicant pays the Due Diligence fee. All family members over the age of 16 included in the application have to undergo this check.
2 to 6 Months
We submit the required documents and the application to the government department dealing with the citizenship or residence permit by investment program on behalf of our clients. The government department starts its Due Diligence check when the applicant pays the Due Diligence fee. All family members over the age of 16 included in the application have to undergo this check.
Upto 3 Months
The investor's passport and naturalization certificate are usually produced within 4 weeks of the fulfilment of the investment condition. They are delivered to the address indicated by the investor in the application.
4+ Weeks
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Schedule a meeting at one of the offices or online. A lawyer will analyze the situation, calculate the cost and help you find a solution based on your goals.
