Citizenship Programs in Cyprus – A great opportunity to upgrade your life.

Everyone wants to move ahead in life. Be it personal or professional, people work day and night just to ensure that they are their loved ones enjoy a happy life. If you’re also looking to take a step further, you can opt for the citizenship of Cyprus. There are many citizenship programs in Cyprus to choose from.

No more Work Visa concerns

Having a Cyprus citizenship expands your professional opportunities and career growth, as only EU citizens have the power to move to an EU country and be easily employed without a work permit.

Access to medical benefits, including free healthcare

A European Health Insurance Card is free of charge for any EU citizen and allows a person to get world-class health care services provided by the EU state they are currently staying in, as well as in Iceland, Lichtenstein, Norway and Switzerland.

Educational advantages for you and your children

As a Cyprus citizen, you can study at any EU university under the same conditions as local nationals. Tuition fees for EU citizens are moderate or even completely waived, while those applicable to non-EU citizens are much higher and are accompanied by additional paperwork. There are over 1,300 institutions providing high-quality educational programs.

Easier procedures for purchasing property in Cyprus and other EU states

Buying real estate in Europe from abroad can be a cumberson and complex procedure. Having a Cyprus citizenship can make the whole process much easier and faster.

Taxation

Those who look for opportunities to split their assets and optimize the overseas tax will be attracted to Cyprus’s law tax rates and the possibilities to restructure their business and optimize the expenses for taxation.

Chance to automatically transfer Cyprus citizenship to children, parents and further ancestors

If you have dependent children who are under the age of 18 at the time your application for citizenship is accepted, they will not need to submit a separate application. They will receive their citizenship at the same time as you do. Furthermore, your children or their children born after the Cyprus citizenship is obtained will automatically be Cypriot citizens, as Cyprus citizenship is automatically transferred to new family members with no need for additional paperwork or application.

Leisure

Cyprus is also captivating because of its long summer time, beautiful beaches and entertainment industry, all of it factors which make it a paradise for holidaymakers. Winter in Cyprus is quite short and mild, with average daytime temperatures around 15°C. However, the height of Troodos mountain range allows Cyprus to become a ski resort in winter as well.

Safety

Island residents can feel safe here, as Cyprus has one of the lowest crime rates in the EU. Cypriots are very friendly and almost all speak English so there is no need to know Greek when you enter the country.

Dual Citizenship

Cyprus accepts dual citizenship. Thus those who are not willing to farewell their initial citizenship are not obliged to do so when obtaining Cyprus citizenship.

Place of permanent residence

Cyprus does not require permanent residence on island as a criterion for obtaining Cyprus citizenship or afterwards, so there is no need to change your permanent place of living and you can still enjoy all the benefits of being a Cyprus and EU citizen.

By obtaining a Cyprus citizenship you can now experience better life opportunities, 340 days of summer during the year and enjoy the rich history of the country as well as all the EU benefits provided to its citizens. You can also extend many attractive opportunities to both your children and to your parents who are sure to enjoy a safe and pleasurable retirement.

With easy to avail citizenship programs in Cyprus, you can choose to have the citizenship by investing a substantial amount on money there. 

The best citizenship by investment programs for 2018.

Citizenship by investment is a process whereby wealthy individuals can obtain a second citizenship extremely quickly in exchange for an investment or donation. These so-called “economic citizenships” are largely valuable to three types of people:

US citizens who wish to quickly renounce their citizenship. Pragmatically, renunciation requires a second passport, and if you’re a high-earner, the cost of an economic citizenship might be far less than the tax and compliance costs of remaining American, particularly as tax laws have recently become even worse for business owners overseas.

Emerging world citizens losing opportunities. Chinese and Arab citizens are the largest investors in citizenship by investment programs. The wealthy in these and other countries can afford the cost in exchange for the greatly increased travel benefits.

Business owners and investors looking for a “Plan B”. While US citizens have the most immediate need for a second passport and can often earn an immediate ROI, other country’s citizens can also benefit from having another citizenship in their back pocket… just in case. This is especially true for cryptocurrency investors who may need a second passport to continue their investments. If you’re earning high six- or seven-figures, you may find buying citizenship easier than the longer, more elusive naturalization route.

There are also nationalities that are restricted from doing business in certain countries and would benefit from a quick passport for business opportunities. Israelis, who are banned from about a dozen countries, are an example of this.

Cyprus is a member of the European Union and, until recently, offered the fastest naturalization I’ve ever heard of: just 57 days. I visited Cyprus a while ago and published a video discussing citizenship programs in Cyprus. You can explore various citizenship programs in Cyprus.

There are constant rumblings that the process will start to take longer though, particularly as the EU cracks down. Cyprus’ saving grace so far has been that while it enjoys visa-free travel to all of Europe, it is not actually a part of Europe’s borderless Schengen Area.

You can obtain Cyprus citizenship with an investment of €2 million in real estate, government bonds, a bank deposit in a Cyprus bank, or investment in a new company; this amount was most recently reduced in late 2016.

Cyprus citizenship was always pricier than other options – at one point costing well into the eight figures – but unlike most other programs, you can invest rather than donate. If the return of your capital is important, Cyprus may be more attractive than the only other EU citizenship program in Malta.

There’s a bit of a catch, though: you must own a €500,000 home in Cyprus forever. The requirement to maintain a residence on the island is likely a hat-tip to foreign government demands for investors to maintain a “real presence” on the island rather than simply buying a Cypriot passport. It’s not entirely clear what would happen if you sold your property, but the law is indeed clear at least on paper.