The Republic of Cyprus is an island country in the Eastern Mediterranean. Having rich with history and culture, Cyprus is the third largest island in the Mediterranean region.
Do you know, the earliest known human civilization on the island dates back to around the 10th millennium BC? This means people have been living on this island since 10,000 BC. That’s amazing, isn’t it?
Many countries have invaded Cyprus in the past. The beauty of Cyprus is so mesmerizing, that whoever came here for once, never wanted to go back.
Today, Cyprus is a free country. People from all over the world visit Cyprus to get dipped into its culture, heritage, geography, and so many other things.
Cyprus gives you a feel-at-home experience. That’s why the majority of people want to invest in Cyprus for a better future and a secure environment.
Investing in Cyprus for a business visa or citizenship is not an easy task. It takes time and a lot of here and there work. But until you find proper consultants, who have broad knowledge and experience in this field, your process becomes much easier and reliable.
Some people will show you big dreams. They will make you think that they are the ones for you. But at the end of the day, they are just real estate agents.
They don’t even have a slight idea of how things work. You want a business visa for Cyprus, you want to become a citizen of this country but all they do is show you big houses and apartments.
No, my friend. Things don’t work that way. There is a step by step process on how to get a business visa or citizenship in Cyprus.
In this article, we will tell you the major things that you need to know. No drama, no real estate agents. Keep the profile low, quiet and fly straight to the point is our main motto.
Before continuing further, here is our email address and contact number for you to make things easier. We are available 24*7.
Email address: Info@starsnangels.com
Phone number: +357 99653998
Table of Contents
Cyprus visa by profession/business investment program:
- Set up as a Cyprus company and invest in it a share capital the amount of €171.000 (one hundred and seventy-one thousand euros only).
- Represent a feasibility study of your company’s main activities and projects in Cyprus.
- KYC (know your client procedures personal and family), Economic conditions checks, clear criminal records, and other due diligence and banking KYC checking procedures.
- Immediate two years (2) professional employment visa onto your individual name and on your company name. Renewable every two years.
- Minimum hiring five Cypriot employees. Represent hiring contracts of employment and social insurance records.
- Represent a tenancy agreement for staying permanently in Cyprus.
- Represent a tenancy agreement for your business place of management and control of your company.
- Obtain additional family member residency visa.
- Be able to travel and leave in Cyprus and in Europe subject to terms and conditions.
- Company tax incentives attached to your investment:
- 50% corporation tax.
- 0% dividend tax, 100% tax-free subject to terms and conditions.
- Tax brief employment income on the Director / Investor Salary max 50% of the total yearly income subject to terms and conditions.
- Forex gains 0% whole tax-free.
- Profits outside the Cyprus jurisdiction 100% tax-free.
- Retirement and death gratuities 100% tax-free.
- Patents and intellectual profits 80% tax-free subject to terms and conditions.
- Research and development expenditures 100% tax-deductible.
- Start-ups and innovating business income 100% tax-free subject to terms and conditions.
- Filming industry capital expenditures 20% deductible subject to terms and conditions.
- Sale of shares in Cyprus no capital gains or transfer tax, 100% tax-free income.
- Corporate Losses carried forward against future corporate profits.
- 50 signed and fully operating tax treaties to avoid double taxing your global income.
- Group relief losses.
Read here in detail about Cyprus visa by profession/business investment program
Cyprus permanent residency visa by investment program:
- Investment in home/apartment / real estate in Cyprus minimum €300,000 (three hundred thousand euros) for ownership of a lifetime.
- KYC (know your client procedures personal and family), Economic conditions checks, clear criminal records, and other due diligence and banking KYC checking procedures.
- Obtain additional family member residency visa.
- Be able to travel and leave in Cyprus and in Europe subject to terms and conditions.
Read here in detail about Cyprus’ permanent residency visa by investment program.
Cyprus passport / citizenship program:
- The minimum investment required is €2.000.000 (two million euros).
- Represent your personal and family economic and professional profile.
- KYC (know your client procedures personal and family), Economic conditions checks, clear criminal records, and other due diligence and banking KYC checking procedures.
- The entire application process for obtaining citizenship takes approximately 6 months
- There is no requirement for applicants to live in Cyprus prior, during, or after the application process.
- There are no language requirements.
- Investors must keep their investments for a period of five years, after which they will be eligible to sell, provided that they keep a personal residence property worth €500,000.
- Applicants are required to donate €150,000 on top of the investment amount
- Citizenship is obtained by the spouses, minor children (below 18) and adult financially dependent children up to the age of 28.
- The investor can also include his/her parents in the application.
- Second citizenship is permitted in Cyprus.
- No tax consequences whatsoever when someone is obtaining Cyprus citizenship.
Read here in detail about the Cyprus Citizenship program by Investment
If only things were that easier, everybody would do it.
Now, you have an idea of how business visa, permanent residency or Citizenship process for Cyprus works. You also now know that you need to stay away from the real estate agents and trust the genuine people.
We are a reputed team of consultants, lawyers, accountants, and technical people. We can show you the A to Z guidance on how your investment process works. Let us lift the heavy documentation load and help you reach your goals. Citizenship / Business Visa by Investment, securing your migration plans, Cyprus is one of our best programs.
But again, it’s totally up to you on whether to choose a fraud estate agent or a group of certified people. On that note, here are our contact details if you like to talk to us:
Email: info@starsnangels.com
Phone Number: + 357 99653995
You may also like to read:
Read more here about Scheme For Naturalization Of Investors In Cyprus in detail.