Citizenship: Cyprus (passport - 171 territory of visa-free entry)

Benefits:

• the right to reside, work and study in the EU countries,
• recognition of dual citizenship,
• the possibility of acquiring the status of Non-Domiciled, which provides preferential tax treatment (no defense tax, taxes on the repatriation of dividends, interest, royalties, the possibility of tax exemption of 50% of income ...),
• no language proficiency requirement
• lack of accommodation requirements
• including spouse and children under the age of 18 years, dependent children aged 18 to 28 years,
• parents of the main applicant can also be included when investing 500 thousand euros in additional residential real estate,
• passport processing time - 6 months,
• the annual quota is 700 main applicants (not counting family members).
   

Investment Requirements:

• invest at least 2 million euro in the purchase or construction of real estate,
• invest at least 2 million euro in the purchase, creation or participation in a company that is located and operates in Cyprus. The company must employ at least five citizens of Cyprus
• invest at least € 2 million in alternative investment funds or financial assets of Cypriot companies or organizations licensed by the Securities and Exchange Commission. This criterion also covers the purchase of financial assets of Cypriot companies or organizations in the amount of not less than 2 million euro in the form of bonds, securities and debt securities,
• make a combined investment of at least 2 million euro.
   

Mandatory conditions for all investment projects:

• purchase and indefinite possession of Cyprus real estate, which will be considered a permanent place of residence. Property value must be at least 500 thousand euro (excluding VAT). If the applicant chooses the option of obtaining Cyprus citizenship for real estate investments, the value of the acquired property can be taken into account when calculating investments in the amount of 2 million euro.
• investments can be made in person or through a company in which the applicant is a shareholder or holds a management position.
   

Additional expenses:

• VAT at the rate of 5% on real estate for 1.5 million euros and VAT at the rate of 19% on real estate for 500 thousand euro,
• registration fees and fees for registration of a contract for the sale of real estate - 4 thousand euros,
• state commission for issuing a passport of 5 thousand euro.