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Cyprus is famous for its life-style, weather, cuisine, beauty, history and low crime rate; all which contribute to making it one of Europe's most popular tourist destinations.
Cyprus is an EU member-state and is situated in the eastern Mediterranean. Its geographical location means that it is easy to travel directly to airline-hubs in the UK, EU, Russia, and the Middle East on a daily basis.
Cyprus' competitive corporate tax regime and newly introduced legislation for non-domiciles make it an ideal location for any high net worth investor looking to relocate.
1. Cyprus Citizenship by Investment
Under the 2013 amendments to the Civil Registry Laws of 2002-2013 Subsection (2) of Section 111A, any non-Cypriot may apply for Cypriot Citizenship through Naturalization by Exception, if one of the following economic criteria are met:
Individuals with at least €3m impaired due to the measures implemented after 15th March 2013, may make an additional investment in any of the above, which amounts to the €5m investment requirement.
Major collective investments may reduce the above criteria, to a €2.5m investment, if such investments are made into the areas specified above, on condition that the total value of the investment is at least 12.5m.
Terms and Conditions
In addition to the criteria mentioned above, the Investor must fulfil the following Terms and Conditions:
2. Cyprus Permanent Residency Scheme
Regulation 6(2) of the Aliens and Immigration Regulations provide that an Immigration Permit (Permanent Residency Certificate) may be issued to Non-EU nationals, thus giving them the right to reside in Cyprus under the following conditions:
Terms and Conditions
The information provided in this publication are put forward for further consideration only and are not intended to be acted upon without independent professional advice. Neither Jordans Trust Company Limited nor its associated group companies , nor any employees or directors of these companies can accept any responsibility or liability for any loss occasioned to any person no matter howsoever caused or arising as a result of or in consequence of action taken or not taken in reliance on the contents of this publication.
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