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The Cyprus citizenship program

The Cyprus citizenship program

Cyprus, with its year-round sunshine, high quality of life, and convenient location between three continents, has long been a magnet for international investors, expats, retirees and those looking to enjoy a second home in a mild and hospitable climate. It seems that despite the uncertainty of fluctuating global economic cycles, these factors continue to have enduring appeal.

Cyprus ranks highly because of its favorable tax regime for new residents – particularly for high-net-worth individuals. Recent legislation, coupled with attractive real estate prices, has triggered new interest in the middle and lower end of the market, while sales of luxury, top-end developments have surpassed expectations.

Cyprus offers two excellent immigration programs that enable non-EU nationals to acquire permanent residency or citizenship through a real-estate investment.

The Cyprus PR program offers non-EU nationals guaranteed permanent residency within 2 months with a single, secure, real estate investment of €300,000. It applies to the investor, their spouse dependent children up to age 25 and the parents of the applicant and spouse. What’s more, the permits are valid forever! The process is extremely straightforward and can even be arranged remotely.

Pafilia is experienced with the process and will gladly assist you to achieve your residency permit.

Key Points

  • Freedom to live freely in Cyprus
  • Permanent residency for yourself and dependents up to age 25
  • The permits for yourself and dependents are valid forever, no renewal is required
  • It offers an insurance policy for the future
  • It enables you to own a business in Cyprus
  • It gives you the right to apply for EU citizenship - - It enables you to travel throughout Europe with ease
  • It enables you to access first class healthcare and education
  • A risk-free property investment of €300,000 is required
  • The process and requirements are very simple and the permit is guaranteed to be issued within 2 months
  • It has a 100% approval rate
  • Permits are issued very quickly (3 weeks – 2 months)
  • Simple criteria, language proficiency, education certificates and medical examination aren’t required
  • A single day visit, once every two years is required

What Is The Benefit Of Obtaining Permanent Residency In Cyprus?

Permanent residency status means that your family has the right to live freely in Cyprus or continue to live in your home country and just use the permit whenever you need it. It can act as an insurance policy for the future. Permit holders also have the right to own a business in Cyprus or setup a Cyprus company as an intermediary for export trading throughout the world, thus benefit from Cyprus’ excellent business and tax advantages. Cyprus is a superb base for travelling throughout Europe with its excellent flight connections and visas are very easy and quick to obtain. A permit holder can obtain a Schengen visa within just one week. Travel will become even easier when Cyprus becomes a Schengen State in he very near future. The island offers excellent education opportunities which enable your children access to the best universities worldwide. 
It also gives you the right to apply for EU citizenship after 7 years! 
“Permanent residency offers your family the freedom to live freely in the EU and to travel with ease, it provides access to excellent education and healthcare, or simply offers an insurance policy for an uncertain future!”

The Cyprus citizenship program offers the most simple and efficient means of obtaining EU citizenship, it is the only direct EU citizenship program as it has absolutely no residency requirement and passports are issued in just 3 months. Investors and their families can obtain full EU rights, including the ability to live and work in any EU country practically immediately! Dual citizenship offers an effective tool for international tax planning and provides financial privacy for banking and invest- ment. It improves personal security, enables freedom of movement and allows access to the best healthcare and education opportunities.

TIME TO CITIZENSHIP                                                RESIDENCY REQUIREMENT
3 Months                                                                    None

ELIGIBILITY                                                                 VISA-FREE TRAVEL
All Nationalities                                                          168 Countries

DUAL CITIZENSHIP                                                     FAMILY
Permitted                                                                   Spouse & dependents up to age 28

EXIT STRATEGY                                                           TAX CONSEQUENCES
3 Years                                                                       None

Key motivators

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

INVESTMENT CRITERION

Cyprus citizenship may be obtained through a secure property investment, the financial criterion is €2.5 Million investment in residential real estate (the investment can be in a single property or portfolio )

BENEFITS OF THE PROGRAM

> Citizenship granted 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 168 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 submission of the citizenship application will count towards the required investment
  3. Applicants must hold a clean criminal record from the country of origin and country of residence if different and their name must not be on the list of persons whose property is ordered to be frozen within the EU

Pafilia offers a total solution for Cyprus residency and citizenship. Our extensive experience, personal service and proven-track record, together with our vast and varied property portfolio have made Pafilia the partner of choice in Cyprus. Pafilia offers excellent support to our clients whatever their needs and wherever they may be. Our experienced professionals are on-hand to manage your needs with condense and care, while our transparent and professional approach combined with our highly secure process assures peace of mind.

> Cyprus’ leading luxury property developer

> Over 37 years’ experience

> Award-winning developments

> Comprehensive property portfolio including the islands most exclusive golf resort, Minthis Hills

> Global presence

> Comprehensive sales, property management and resale services

> A pioneer, in 2015 Pafilia will launch the highest seafront residential tower in the Mediterranean

> Outstanding quality standards

> Personalised service and attention to detail

> Excellent partner support

> Monthly formation of collective citizenship groups

> Excellent partner incentives

 

PAFILIA PROPERTY DEVELOPERS LTD

Barry Winter – Director South East Asia

0084 1227686019

00357 99 381 684

Website: www.pafilia.com

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