Naturalization of foreign investors in Cyprus

As a part of its policies aiming to attract foreign investors in Cyprus, the Council of Ministers , on the 24th of May 2013, concluded the new “Scheme for Naturalization of non-Cypriot investors by exception”, therefore, establishing the new financial criteria based on which non-Cypriot entrepreneurs/investors may acquire the Cypriot Citizenship.

- No Residency Requirements - 3 months procedure

- Minimum investment amount: €2.500.000

Naturalization of foreign investors in Cyprus

Investment Categories: - Real Estate Properties (Residential and/or Commercial) - Companies’ Shares - Government Bonds - Bank Deposit - Mixed Investments - Persons whose deposits with the Popular Bank Public Company Ltd

have been impaired due to the measures implemented after the 15th March 2013

Duration for maintaining the Investment = 3 years Only!

Only Mandatory Requirement: keep a residential property of minimum value €500.000 for a lifetime!

….minimum Investment Amount € 2.500.000=

The period for acquiring CY-Passport is maximum 3 months

Right to attend in all Government Hospitals

Access to Cyprus Educational System

. There is no need to renew it.

Not only the applicant, but also his family is granted the Cyprus

Passport (children until the age of 28)

Gateway to Europe and easy access to all

E.U. and non E.U. embassies

A significant number of multinational companies and international banking units are operating in Cyprus, enhancing the productive nature of the national economy. Cyprus has a modern, free-market, service-based economy that, in conjunction with its effective transparent regulatory and legal framework, offers international investors and domestic businesses confidence to invest and prosper.

A Cyprus Company is one of the most popular and effective methods of Tax Planning! The existence of a broad network of double tax Treaties ensure the avoidance of double taxation between the country of registration and the country where the Cyprus Company or its subsidiaries carry out activities. Double Tax Treaties combined with the low tax rate paid by a Cyprus Company offers many possibilities for effective international tax planning. The treaties also provide for reduced withholding taxes for dividends, interests and royalties.

Why registering a CY-Company?

- Corporate Tax 12.5%

- Double Tax Treaties with over 50 Countries

- CY-Companies benefit from the provisions of the EU parent subsidiary directive (passing outgoing

dividends to EU parent company without any withholding tax being payable in the country).

- Cyprus offers a Beneficial Tax Regime and Tax Exemptions regarding corporate Tax:

a. Exemptions in respect of dividends received from other companies; b. Exemption in respect of Interest income under special conditions; c. No withholding tax on distribution of dividends to beneficial owners residing abroad; d. Favourable Tax treatment on losses; e. No Tax on profits earned from permanent establishments abroad under certain conditions; f. No Tax on Capital Gain derived from the disposal of securities; g. No Tax on profits from company reorganisation; h. Tax relief of foreign tax paid.

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