Overview The Cyprus CIS boasts the fastest application process with a processing time of typically 6-9 months.
The vast majority of applicants are selecting the real estate option as their qualifying investment, due to its simplicity in comparison to the other options.
We recommend you We will visit Cyprus to gain a better appreciation of the real estate marke help coordinate your visit to Cyprus and spend a few days with you reviewing qualifying real estate options based on your specific criteria. We will ensure that the real estate purchase is contingent on you being approved for citizenship.
Prior to your visit to Cyprus, we will also send you the full application package that will include an overview of the required supporting documents, such as birth certificates and police criminal record checks from your home country. Many of these documents must be certified as true copies of the originals and thereafter authenticated by an Apostille as set forth in The Hague Convention.
Upon the completion of the citizenship application, we will submit it to the Ministry of Interior and the expected approval in principle is approximately three months. We will then submit your Immigration Permit applications to the Migration Department and you will be required to visit Cyprus to have your biometric data collected. Your immigration card will be issued five to ten working days later.
The Immigration Permit must be held for six months prior to the issuance of the passport. After which you will visit Cyprus for the collection of the passport and to take the oath.
Cyprus does not impose any restrictions on dual citizenship.
The Cyprus tax system is based on residence status and not citizenship.
Personal income tax in Cyprus ranges from 20% to 35% and is set based on one’s total income.
The corporate tax rate is very competitive at 12.5% while VAT is set at 19%.