At present, a visa is not required for Cypriot passport holders to visit over 100 countries around the globe. In cases of applicants who are children or parents of . Read the Cypriot government guidance on visas. The acquisition of Citizenship and the issuing of a Cypriot passport generally follow after an application is deemed to have fulfilled the Cyprus passport requirements and thus approved. Become Naturalized The application review procedure is initiated once an application for citizenship by investment is submitted. Requirements. 1447 Lefkosia The Cyprus citizenship by investment program requires a minimum investment of 2 million into the country's real estate industry - 2.2 million via a combination of both real estate and/or investments. The attractiveness of Cyprus as a place to live and an investment destination is enhanced by its advantageous tax regime, which offers incentives to both individuals and companies. Birth Certificates, Passports, ID cards) Marriage Certificate (where a marriage has taken place) Fees 60 4. For now, holders of a Cypriot passport have Visa-free access to 175 countries. St. Kitts & Nevis Citizenship by Investment, Economic Citizenship by Investment Programs, Caribbean Citizenship by Investment Programmes, St. Kitts & Nevis Citizenship by Investment Program, The main applicants age must be 18 years and above, Should not have a history of criminal complaint or record, to ensure a good character, Must hold a valid Schengen Visa. If you are interested in changing your tax residence to this country, please write to us using the contact form or to [emailprotected]. The applicants immediate family members qualify as dependents of the application, including spouse, children up to the age of 25 and parents of the investor. 1. The relevant Decisions/Press Releases/Sanctions of the UN Security Council can be found on the following https://www.un.org/sc/suborg/, According to various Cypriot laws, the exportation of certain articles is prohibited or restricted such as all items of which the importation of is prohibited, i.e. The documentation required varies, depending on your nationality. The invested funds should solely be used by these companies for financing investment objectives within Cyprus, based on a predefined investment plan. However for travellers under 15 years old, relief is 175. Investing 1.5 million in land parcels or villa projects approved by Cyprus Land Development Corporation, investing the remaining 500,000 in residential property and selling off the land parcel/villa after a 5-year holding period. This is followed by the applicant taking an Oath of Faith to the Republic of Cyprus typically before a Registrar of a Cypriot court or a consular office of the Cypriot Republic. The applicant needs to undertake the following mandatory investments: In addition, an investment of 2 million (plus VAT) should be made in either of the following ways: a. The good news is that Brits can enter any EU country without a . Its useful and fun! The regular entry requirements to Cyprus will . This requirement is void for applicants who are EU citizens or whose current citizenship allows them visa-free travel to the Schengen Area, Should have had no citizenship application rejection from any other member state of the EU, Main applicants property has not been frozen by any EU member countries as a result of sanctions, A visit to Cyprus is required to obtain biometrics and receive a Permanent Residency Permit at least six months prior to being granted citizenship, Investment in a private residence purchased at a minimum of 500,000 (plus VAT) to be considered as an applicants permanent place of residence in Cyprus, In addition to residential investment above, applicants must invest a further 2 million in approved investments, Investments to be made during the three years preceding the date of application for citizenship, and should be held for five years, A 75,000 investment towards the Cyprus governments Research and Development Fund, becoming stakeholders in the countrys research fabric, A 75,000 investment towards government Land Development Corporation to help further efforts for affordable housing. Fila Brasileiro; Brazilian Mastiff. The world we live in today is a globalized place, and the demand to live, work, study and invest abroad is on the increase. [M125] - Application to register as a citizen of the Republic of Cyprus, a person who is a widowed spouse of a citizen of the Republic or was the spouse of a person who would have been granted or had the right to the citizenship of Cyprus, had he/she had not been deceased (in Greek only) These citizens should have resided in Cyprus for at least 5 years preceding the date of application. Above investment can be undertaken in either of the following ways: The applicant should invest at least 2 million in companies or organizations established and operating in the Republic of Cyprus. Protestant or Anglican (2%) In addition to this, a Cyprus tax resident is exempt from tax on gains on disposable of securities. In the case of teleworkers, content creators, traders, marketers, etc., they can substantially reduce their taxation by moving to Cyprus. The latest amendment stipulates the following individuals who can qualify for applying for UAE citizenship: Foreign investors. Cyprus CYPRUS - CITIZENSHIP BY INVESTMENT . It then presents the applicants case to the Council of Ministers which takes a final decision. There are no nationality or residency requirement for directors as well as other formal requirements for the appointment of directors. As a citizen of Cyprus, you'll automatically gain EU citizenship. Some non-EU third country nationals require a visa. Investors may dilute their investment during the 5-year period, subject to obtaining consent and necessary approvals from the Ministry of Finance; Applicants should be in possession of a valid Schengen Visa, Investing in resale property would raise the investment threshold from 2 million to 2.5 million. Applicants must further make investments of at least 2 million to fulfill the foreign direct investment criteria established by the Council of Ministers in exchange of Cypriot citizenship. +44-207-292-2977. The two Cypriot immigration investment schemes are fast and efficient at granting a residency permit and second passport. Email: minforeign1@mfa.gov.cy. Certification of clean criminal record The citizenship and second passport program of Cyprus requires making a real estate investment of 2,000,000 into either a single or multiple properties. Taken in front of a white background without any patterns. A passport is required by all travellers, except for holders of: Document Requirements The following documents are needed to obtain an Immigration Permit: Copy of valid passport Copy of valid temporary residence permit (if the applicant lives in Cyprus) CV - including academic qualifications Statement of deposits in a Cypriot bank account of a minimum of 30,000 euros blocked for 3 years Investment in Alternative Investment Funds or Financial Assets of Cypriot Companies or Organizations The Veterinary Officer in charge decides on the basis of the relevant veterinary provisions whether the animal will be quarantined or not. Applicants birth certificate The legal ports of entry into the Republic of Cyprus are the airports of Larnaka (Larnaca) and Pafos (Paphos) and the ports of Larnaka (Larnaca), Lemesos (Limassol), Latsi and Pafos (Paphos), which are situated in the area under the effective control of the Government of the Republic of Cyprus. Please keep me updated and send me information and news. The investor's minimum annual income must be at least 30,000, plus 5,000 for each dependent applicant family member of the investor and 8,000 for each dependent parent or parent-in-law. EEA or Swiss nationality. Hazardous wastes (according to the Basel Convention). The same applies for applicants who reside or visit Lebanon and Qatar. Outside the EU Cyprus Visa Requirements. 800 cigarettes Flick knives and daggers. The following documents are needed to obtain an Immigration Permit: Investors are free to choose where to invest from a large set of property options, including: IRINIKO 2017. The residential property tax rates are capped at 5%. As you can see, Cyprus personal income tax is not particularly attractive. and 2 litres of fortified wine or sparkling wine, 4 litres of still wine Within the European Union (EU) If the applicant holds a residence permit for a period of 6 months, the acquisition of Cypriot citizenship will be completed. The first thing you must comply within Cyprus citizenship by investment requirements is the lock-in residency. The relevant catalogue, which remains unaltered, is non-exhaustive. Learn how your comment data is processed. Any combination of the investment options outlined above. Presently, it is possible for foreign tourists who visit the government-controlled area of the Republic of Cyprus, to cross to the occupied areas. The Cyprus permanent residency program allow applicants to live in Cyprus indefinitely and lifts traveling restrictions and elaborate visa requirements across the EU. In 2015, there were 30 applications for Cypriot citizenship at the Cyprus High Commission in the UK. Although the present provisions secure third-country nationals rights in a wide perspective, it is up to the EU Member States to determine volumes of admission for those seeking work, whether employed or self-employed (Article 79 para. Register with us now. Admission and Transit Restrictions Nuclear, chemical, toxic, biological weapons and similar substances Goods used for illegal hunting of game. Entry regulations apply only to the areas controlled by the Government of the Republic of Cyprus. It has been a full member of the European Union since 2004, and citizenship of this beautiful Mediterranean Island affords the attractive benefit of EU-wide freedom of movement. (if applicants proceed with the real estate investment option, this property can be included in the . The Cyprus government through its Council of Ministers brought in the following changes effective May 15th, 2019 to help streamline and regulate Cyprus passport requirements through its citizenship program. A former British colony, Cyprus became independent in 1960. Alcoholic drinks Kimberley Process rough diamonds. The detailed requirements are enumerated below: In addition to the points above, the applicants dependents also stand to benefit from the application. Pirated and counterfeit goods The primary law governing nationality regulations is the Republic of Cyprus Citizenship Law, 1967, which came into force on 28 July 1967. conventional long form: Republic of Cyprus conventional short form: Cyprus local long form: Kypriaki Dimokratia (Greek)/ Kibris Cumhuriyeti (Turkish) local short form: Kypros (Greek)/ Kibris (Turkish) etymology: the derivation of the name "Cyprus" is unknown, but the extensive mining of copper metal on the island in antiquity gave rise to the Latin word "cuprum" for copper note . The first, being married to a Cypriot requires a three-year marriage minimum AND have been a resident in Cyprus for two years previous to the application date. Transfer fee 3% and legal fees around 1250. A majority of the Cyprus population speaks English, and course lectures are in that language as well. With the intention of attracting investment capital to the country, Cyprus also implemented in 2016 the Cyprus Permanent Residency program, which grants permanent residency to non-EU citizens who invest in the Republic of Cyprus. Being of Cypriot origins 200 cigars Please also note the following: These investments can be in the form of bonds, bills, and securities, issued by the companies with approval from the Cyprus Securities and Exchange Commission. 3. Holders of travel documents issued to recognised refugees under the Convention relating to the Status Refugees of 28 July 1951, do not require a visa to enter Cyprus, if their travel documents are issued by a member-state of Schengen or by a state listed in Annex II to the Council Regulation 539/2001 as per its amendments. or ethyl alcohol of 80% vol. * Applicants should buy property in Cyprus with a minimum value of 500,000, to be held in perpetuity. Holders of passport of the following countries are required to hold a visa to enter the Republic of Cyprus: * Applies only for holders of non-biometric passports. 16 litres of beer. Cyprus Citizenship by Investment Capital gains tax (e.g., on sale of real estate) of 20%. Investing 2 million in a villa project and selling it off after holding it for 5 years in exchange for an equivalent residential home for 500,000. Travelling to Cyprus is very easy. For those intending to be employed in Cyprus, the issue of an employment permit by the Civil Archive and Migration Office is required, and thereby no visa is required in order to travel to Cyprus. Visas and residency if you were living in Cyprus before 1 January 2021. Dual citizenships offer significant advantages, especially for high-net-worth individuals. If you are coming into the EU from a non-EU country, you can bring with you goods free of VAT import duties and excise duties for personal use within the limits set out below. And this makes it possible to freely live and work in EU countries, receive quality education and medical care, and enter more than 150 countries around the world without a visa. Children and young people Your commercial status and the reasons for holding such goods Further to the above, citizens of the European Union (EU) countries, as well as of Switzerland, Iceland, Liechtenstein and Norway may enter Cyprus with their national identity card, provided there is a photograph. The Government of the Republic of Cyprus is the only recognised Government on the island; a member of the EU since May 01, 2004, as well as a member of the UN and other International Organisations. Residence in the Republic of Cyprus: In all cases listed in Part A, the applicant must hold a permanent privately-owned residence in the Republic of Cyprus, the purchase price of which must be at least 500.000, plus V.A.T. Email: info@cypruscitizenship.info, Bukh Global Dubai, Office 2803, The Exchange Tower, Business Bay - Dubai - United Arab Emirates, All rights reserved Bukh Global Partners, 2016, Watch and Download Full Movie Deadpool 2 (2018), Most affordable Eurpean citizenship (starting at EUR 100,000). If the applicant is a high-ranking senior manager in a Cypriot company, he must earn a salary generating tax revenue of 100,000 for the country and this tax should be pre-paid in full. Purchase of a participation in a local investment fund, but the requirement is that it be a collective investment fund (OICVM). Cyprus citizenship by investment is undoubtedly the fastest and most affordable route to getting EU citizenship. The following criteria outline the Cyprus citizenship requirements which an applicant must fulfill to obtain citizenship by investment. Agricultural Restrictions Statement of peaceful cohabitation signed before an Officer of the Administration (or diplomatic authority) After 3 years the property investment can be reduced to 500,000. In order to qualify for the Cyprus Citizenship Programme, a financial investment (detailed in the "Investment Options" section), must be made, and applicants must meet the following requirements: Must submit a Sworn Statement on whether they applied for citizenship in another EU member state. Obtaining a Cyprus visa requires documentation and succinct preparation for positive results. Earlier this year, Nicos Christodoulides, the Minister for Foreign Affair hinted that . Requirements With the financial commitment met and due diligence done, there is nothing left to do except experience new life in your dream home. On 13 October, 2020, in an extraordinary meeting, the Council of Ministers in Cyprus handed down a decision to cancel the Citizenship by Investment Program. Experts in numerous industries. Holders of passports issued illegally by the secessionist entity, the so-called Turkish Republic of Northern Cyprus (TRNC). Further detailed information can be obtained from the Ministry of Foreign Affairs. Therefore you are urged to travel via the recognised ports of entry (Larnaka and Pafos International Airports / seaports of Lemesos (Limassol), Larnaka (Larnaca), Pafos (Paphos) and Latsi). In short, Cyprus remains an attractive destination not only for tourism, but also to develop your business or to receive your income with a low tax burden. 5, TFEU). Following this, a Certificate of Naturalization is issued by the Cyprus Civil Registry and Migration Department, contingent on payment of 5,000 as issuance fee. Cyprus Residency can be used as a first step towards Cyprus Citizenship. Wealthy investors who deposit a sum of 2.2 million into the country are granted full Cypriot citizenship after meeting other requirements. Such an investment may be diluted over a period of 5 years from the date of grant of citizenship with consent and prior approval from the Ministry of Finance. Those born in Cyprus on or after August 16, 1960 to at least one Cypriot parent automatically acquire citizenship at birth. Required documents include: Applicant's birth certificate Certification of clean criminal record Marriage certificate Statement of peaceful cohabitation signed before an Officer of the Administration (or diplomatic authority) Statement of cohabitation from the local authorities Photocopy of receipt totalling of 300 euros paid in fees Terminus by repudiation Applicants who are . The money will be kept for three years. Feature your writing on Cyprus.com! Additionally, as regards the restrictive measures/ sanctions (embargoes) against goods, individuals, entities and organizations by specific countries, you are informed that this provides traceability through the following (EC) website: http://eeas.europa.eu/cfsp/sanctions/docs/measures_en.pdf. These include the Limassol Marina, Ayia Napa Marina, and Pafos Marina. A total of 9 documents are required for applying Cyprus tourist visa. The exemption may be applied to any combination of tobacco products, or to the types of alcoholic drinks provided that the total aggregate of percentages used up from the individual allowances does not exceed 100%. The prospect of obtaining citizenship of the Republic of Cyprus attracts foreigners because the island state is a part of the European Union. A detailed guide to living in Cyprus: everything you need to know to understand whether Cyprus is a good value-for-money retirement destination for you . The investment options for the program include the following: Investment of 300,000 in a residential property (new house or apartment) Investment of 300,000 in commercial property A meeting can be arranged either in Beirut or in Doha. Origins The decision no 65.824 dated 11 July 2007 establishing the first It offers excellent education facilities, and boasts of a low crime rate, having been ranked the 5th safest country in the world. Islam (1.8%) Cypriot law differentiates between 5 types of visas, depending on the type of visit which is made in the State: Short-stay visas; Long-stay visas; Airport transport visas; Transit visas An Interview with Tonia Buxton Renowned Celebrity Cook, Television Presenter and Food Writer. The same applies if you come from the Canary Islands, the Channel Islands, Gibraltar or other territories where VAT and EU excise provisions do not apply. Cyprus is strategically located and offers visa-free access to 122 countries and access to 28 European Union member countries. You must prove you have an annual income of at least 30,000 for yourself, and another 5,000 for every dependent (spouse and children). Phone: +971 4 550 9341 The tourist towns of Pafos and Agia Napa often witness significant fluctuations in population between summer and winter months. a foreign national with no cypriot origins may become a citizen of the country by investment - after having fulfilled the requirements of the cyprus investment programme, an official citizenship by investment programme that gives high-net-worth individuals the opportunity to be naturalised in cyprus within 6 months in return for investing 2 Cyprus allows dual citizenship, permitting you to keep your existing nationality. Corporate income tax, on the other hand, is 12.5%, one of the lowest tax rates in Europe. Tobacco products The date, time of arrival and flight number of the aircraft or the name of the vessel with which the animal is due to arrive in Cyprus must be communicated to the District Veterinary Officer at the point of entry, 48 hours prior to arrival. You can also find visa exemptions and useful tips from fellow travellers. Country name. It is prudent to note the following precautions: Staying in Greek Cypriot owned hotels in the occupied areas, which are being illegally exploited, would put you at great risk of possible legal action on the part of the owners. Civil Registry Section. Are you a foodie, a travelholic, or like to share your experiences? Popular cities in which to invest in Cyprus include Limassol, Pafos, Agia Napa, and Larnaca. Here, the date of application submission is referred to as the date when the application submission fee of 2,000 is paid. A further investment of 1.5 million in residential properties. In cases of aliens who are either parents or children of Cypriot citizens the time required is five years rather than seven. Such documents may include but are not limited to the below: Copy of sale agreement, proof of registration, and proof of payment to a Cypriot nationalized financial institution, for residential investment, Copy of the investment plan document, unit declaration document, and confirmation document by Cypriot Securities and Exchange Commission, for investments in alternative investment funds, Copy of the employment contracts of Cypriot nationals employed in the company wherein the applicant is a shareholder by purchase, for the establishment of participation, Applicants should not have been previously rejected for citizenship by another EU member country, The investment should be maintained for 5 years following the date of citizenship being granted, as opposed to the earlier requirement of 3 years. Visas Eligibility requirements to gain Cyprus nationality In order to be eligible for CIP, the main applicant must be at least 18 years of age and must have a clean criminal police record. There are three means by which citizenship can be canceled, Terminus of citizenship by release However, they may serve as directors of a Cypriot company. The passport ranking lists countries based on their total visa-free score. The program has undergone several modifications, the last one in March 2021. Join us today and Make the Most of Cyprus! The investment options are as follows: Regardless of which option is chosen, the applicant must attach a residence address in Cyprus, either an owned or rented dwelling. There is also a number of other articles of which the importation is prohibited or restricted for different reasons such as: Firearms and weapons other than firearms, such as military explosive devices and projectile launchers, automatic firearms, ammunition, long-barrel semi- automatic or repeating firearms, in accordance with the First Annex of the Firearms and Weapons Other than Firearms Law no. When the financial obligations are met, you will be issued a passport within 6 months. Qualifying for dual nationality in Cyprus. Cyprus offers citizenship in a secure, simple and straightforward way. Uncooked meat and fish and products thereof, milk and dairy products. An additional 500,000 investment in a residential property needs to be undertaken to include the parents of the main applicant in the same application. The classic non dom, which only requires staying in the country for at least two months per year to apply as a resident. Request More Info Persons with creative abilities. The Cyprus Ministry of Finance reviews the documents related to the investments and business activities of the applicant and vets if these match the Cyprus citizenship requirements criteria, as formulated by the Council of Ministers. According to Cypriot Law, the Importation, Possession and Use of Narcotic Drugs and Psychotropic Substances, is strictly prohibited. The stay is usually short with a period of 90 days and visa expires in 90 days. The application needs to be accompanied by all relevant documents including birth certificate of the child, form M126 complete in all respects, copy of the childs and parents passport and written consent of the non-Cypriot parent. The documents required are across personal, residential, and financial categories that are a major part of your citizenship planning. Any individual or legal entity may be appointed as director of Cyprus company. The number of applications increased by 670% in 2018, after the EU referendum, with 200 applications to the UK Consulate. Shops at airports and on ships may also provide some bargains, although duty-free shopping no longer exists when travelling within the EU. This citizenship by investment program was first established in 2002 and has been streamlined most recently during May 2019 to attract foreign direct investment. There are two main taxes faced by individuals and legal entities in Cyprus: The Personal Income Tax in Cyprus is progressive, i.e. Yes, foreigners can buy a property in North Cyprus. Exhaustive due diligence and background checks by external foreign agencies have been proposed in light of the reputation and security of citizenship by investment program Cyprus. The following criteria outline the Cyprus citizenship requirements which an applicant must fulfill to obtain citizenship by investment. The documentation required varies, depending on your nationality. If a person has Cypriot origins, then they must be over 18. Step-by-step procedure and detailed requirements for applying to the Cyprus Citizenship Program. Real estate tax, for which between 2.5% and 4% is paid depending on the value of the property. To apply for Cyprus visa in Dubai Address VisaHQ.ae Office 605, DAMAC Executive Bay Towers, Tower B Business Bay Dubai Phone +971 4 375 0400 Office hours Monday Friday 9 am - 6 pm Call center hours Monday Friday 9 am - 6 pm Email info@visahq.ae Everything you need to manage Cyprus visa application in one place. Who is eligible to become Cyprus citizen? Cyprus decided to introduce more requirements for their citizenship by investment program. Invest in a permanent place of residence for 500,000. Requirements for Cyprus visa. American Pitbull Terrier; Pitbull Terrier This can be acquired in 5 years, provided all the requirements are met; REQUIREMENTS. The Cypriot citizenship by investment program is ideal for applicants who can afford it. Since Cyprus is an EU country and is part of the Schengen Area, investors and their family members holding permanent residence permits can move freely in Europe without the need to apply for a cumbersome visa. Notify me of follow-up comments by email. The Cyprus Investment Program offers the most simple and efficient means of obtaining Cyprus citizenship by investment, which provides full EU rights, including the ability to live and work in any EU country. Please note: Travellers under the age of 17 are not granted relief on tobacco products and alcohol and alcoholic beverages. Rules became tougher and now besides the original investment of 2 million, you need to donate an additional 150 000 EUR. passport; ID card; Driving license) Parents' Republic of Cyprus documentation ( i.e. . 2. The following breeds of dog are not allowed into the Republic of Cyprus regardless of their country of origin: The Cyprus Citizenship by Investment programs is one of the few programs with no physical residency requirements to live in the country, prior, during or after the citizenship application. 1 litre of spirits over 22% vol. Upon their arrival in Cyprus, such products should be declared at the Customs Offices, whereupon they will be kept for phytosanitary inspection by Authorised Agricultural Officers. Citizenship investors also have new investment options in the form of 3 large marina projects, each undertaken in an effort to regenerate their respective areas. Failure to regulate citizenship status. Basic knowledge of the language, history and culture of Cyprus will be among the new stricter criteria to be fulfilled before the granting of Cypriot citizenship, it emerged on Saturday. Equity investment in a Cypriot company that has a physical presence in this country and employs at least five people. Proof of physical presence in Cyprus is required, with the employment of at least 5 (five) Cypriot citizens, or citizens of any EU member state. Laissez-Passer issued by the United Nations. Cyprus origin; Acquisition of citizenship as a spouse of a Cypriot citizen; Naturalisation; Permanent residence and employees of foreign interest companies naturalization. The application process is easy, with no requirements to show the source of wealth funds, health tests or language proficiencies. Copy of valid temporary residence permit (if the applicant lives in Cyprus), Statement of deposits in a Cypriot bank account of a minimum of 30,000 euros blocked for 3 years, Declaration of a secured annual income of at least 30,000 euros from sources other than employment in Cyprus (original documents and affadvit), Title of ownership or contract of sale of a built property in Cyprus of a minimum market value of 300,000 euros (original or copy), Official statement by the applicant that he does not intend to work or engage in any form of business in Cyprus, Criminal record certificate from country of origin with translation into English and certified by a notary and by Cyprus embassy, Childrens birth certificates where applicable, Buy, create or participate in businesses or companies in the country, Investment funds, financial assets of businesses or organizations on the island, Cyprus government bonds a maximum 500,000; the balance 1.5 million should be invested in other options such as property.