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The revisions made to the Cyprus Investment Programme in 2016 provided for the granting of the Cypriot citizenship by investment to the spouse, children as well as parents of the investor. Further amendments were introduced in 2018, namely a cap of 700 applicants per year, enhanced due diligence procedures and change of the name of the programme to Cypriot Investment Programme.
Cyprus is one of the most sought-after destinations for an excellent and high-quality European education. Cyprus’ education sector is continuously expanding and diversifying to meet market demands. With newly-established focus on cultivating a knowledge-based economy, Cypriots have put education and learning at the forefront of their agendas.
A yellow slip, also known as a Registration Certificate, is available to all European Union citizens wishing to settle and work in Cyprus permanently. Every EU citizen, especially those EU citizens who have worked and lived in Cyprus for 3 months or more, must apply for a yellow slip.
Cyprus has established itself as one of the most coveted locations to relocate to worldwide, with an equally coveted passport. The Cyprus Citizenship by Investment Programme gives investors the flexibility of choosing their preferred method of investing in Cyprus whilst maintaining a residential property with a minimum value of €500,000 for as long as they remain holders of Cypriot citizenship.
Cyprus Citizenship by Property Investment is the way how one may obtain benefits of EU citizenship by €500,000 investment in a Cyprus residence.
The property market in Cyprus has experienced significant growth recently, especially within the last quarter of 2017. Residential property has therefore proven to be a steady investment, with high returns. The process of acquiring property in Cyprus is dealt within in different manners, depending on whether the buyer is a resident of Cyprus, a citizen of a Member State within the EU, or a non-EU national. Tax regimes have been put in place to promote Cyprus as the ideal jurisdiction to own prop
As one of the most resilient sectors in Cyprus, the Tourism industry has greatly grown this past decade. Various efforts have been made towards allowing the industry to further flourish, including making the entry visa application process relatively simple. Citizens of the Island are given the opportunity to travel to numerous states without the need of an entry Visa due to the excellent relationship Cyprus holds with other States.
The Civil Registry and Migration Department (CRMD) of Cyprus is the central authority entrusted with processing applications related to residency and citizenship in Cyprus. It is based in the country’s capital city of Nicosia. The CRMD is responsible for issues related to entry and residence permits of third country nationals, for legal residency and/or citizenship, employment and rights of third country nationals in Cyprus. It processes applications from individuals of vast backgrounds who wish
The taxation system in Cyprus has broadened the scope of persons who are eligible as tax residents. Through recent amendments introduced in 2017, persons who merely spend 183 or 60 days in Cyprus will be considered ‘tax resident’ and therefore will be charged on the income which arises or accrues in or outside of the State.
Dual citizenship is the right to have citizenship of two countries concurrently and in Cyprus dual citizenship/nationality is accepted by law. Since no restriction is imposed by either the Civil Registry Law (2002) or the Treaty of Establishment of the Republic of Cyprus (1960), nationals of the Republic of Cyprus can have dual or multiple citizenship without any legal implications.

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