Citizenship by Investment through a Cyprus Company
After visiting another two significant reasons why Cyprus is ideal for opening a company, Taxation and flexible Corporate Structures, the third one comes as an equally important aspect that should be considered. This is the Citizenship by Investment option which provides a variety of benefits to the potential investors.
Firstly, there is the option to invest a minimum amount of €2,0 million in Cypriot Company. The company must have a physical presence in Cyprus, significant activity and employ at least 5 Cypriots or EU citizens. Moreover, the investment is retained for a minimum of 5 years after obtaining citizenship.
The option mentioned above can also be combined with other options, like a real estate purchase to reach the €2,0 million required.
Additionally, a donation to the Research and Innovation Foundation and the Cyprus Land Development Corporation of at least €75.000 is required, plus having a residence permit in Cyprus and residential property of at least €500.000.
Finally, family members are included in the application, benefitting even more individuals.
This article is only for informative purposes. Should you require further expert guidance, please do not hesitate to contact Simon Zenios & Co LLC below:
Email: [email protected]
Telephone: +357 24 023370