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Cyprus Citizenship
European Passport

Why choose Cyprus?

  • European Union Member State
  • Member of the EU since May 2004 and the EU Monetary Union since 2008.
  • Cyprus has stabile legal and tax system.
  • Visa free travel to more than 159 counties.
  • Freedom to live, work and anywhere in the EU.
  • EU citizen can access all first- class EU health care system.
  • EU citizen have to the  right to protection by the diplomatic or consular authorities of any EU county in a third county (country outside the EU) where one’s home EU country is not represented by a Consular.
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Benefits of Dual Citizenship

Visa free Travel

Cyprus Citizenship offers you the opportunity to travel to more than 159 countries without obtaining visa.

Independence

The applicant become more independent with a second citizenship and a European passport.

Mobility

You have the choice to relocate at any time if there is a desire to do so.

Globalization

Cyprus is a safe place to have a second home for the applicant’s and their families.

Business & Taxation

No Inheritance Tax

0% inheritance tax.

Exemption on Securities Gains

Profits from sale of securities are exempt.

Tax-Free Immovable Property

No immovable property tax as from 2017.

Tax-Free Estates and Gifts

No estate duty, wealth tax or gift taxes.

Reduced Transfer Fees

Reduction of the transfer fees for all transfers.

Comprehensive DTT Coverage

Extensive number of double tax treaties (DTTs).

Real Estate Tax Incentives

Tax incentive for purchasing or developing real estate.

Low Corporate Tax Rates

One of the lowest corporate tax rates in Europe of 12.5%.

No Withholding Tax on Global Payments

0% withholding tax on any type of payments made anywhere in the world.

Property Transfer Tax Benefits

No transfer fees on property transfers if the transaction is subject to VAT, if not, 50%.

Strategic International Business Hub

Reputable international commerce center, ideal bridge between East and West.

Reduced VAT on Yachts and Aircrafts

Favorable VAT rates for private yachts and aircrafts as low as 2.42% and 4.37% respectively.

Foreign Tax Credit Available

Tax paid abroad can be credited against any tax payable in Cyprus on such income, irrespectively of any double tax treaty.

Tax system compliance

 Tax system in full compliance with EU and Organization for Economic Cooperation and Development (OECD) requirement against harmful practices.

Capital Gains Tax Exemption

Inbound dividends are not taxable with easily met conditions.
No capital gains tax imposition on shares unless related to immovable property situated in Cyprus.

Who is Eligible

Applicants 18+

Any applicant who is 18 years old and above.

Spouses & Children

Spouse and financially dependent children of the applicant up to the age 28.

Applicant's Parent

Parents of the applicant, subject to acquiring residential property.

Easy straight forward procedure

Choose the type of program

Gather personal documents for the applicant & the family.

File application for Cyprus Citizenship at the Ministry of Interior. The applicant must hold a valid visa. Third-Country nationals that do not require an entry visa for travelling in EU member-states, as well as citizens of EU Member States are excluded from this obligation.

Application examined by the Ministry of Interior.

Final examination by the Council of Ministers and issuance of approval by Minister of Interior.

The issuing of the Naturalization Certificate.

Collection of Passport in Cyprus.

Approximate Timeframe: 12 months
*This Service is Provided by GCIE

Apply forCyprus Citizenship/ European Passport

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