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EU CITIZENSHIP

E.U. CITIZENSHIP

High net worth individuals and investors can be granted Cypriot citizenship if certain criteria are met. The procedure is the fastest one, compared to other EU Countries, vesting the investor with an EU passport in only 3 months.

 

Some of the key criteria are outlined below:

 

  • There is no requirement to reside in Cyprus

  • No donations required

  • An investment of €2.500.000 must be made – the investment includes a wide range of investments (property, bonds, bank deposits, shares and more)

  • The investment must be kept for just 3 years and can be sold after the 3 year period expiration – however the investor must always maintain  property with the value of at least €500.000

  • Applicant must hold a clean criminal record

  • The parents of the investor may also apply for citizenship after the investor acquires Cypriot citizenship and passport – certain requirements must be met, i.e. they need to hold a permanent privately owned residence in Cyprus of at least €500.000

  • The investor can acquire collectively a residence with his/her parents provided that the total of this residence is at least €1.000.000

  • The Citizenship by exception applies also to immediate family of the applicant – the spouse and dependants up to the age of 28

  • Property acquired within the last 3 years can be set off when calculating the total investment

  • There is no requirement to pass a Greek language or history test

  • There is no expiration of the citizenship once acquired

  • After acquiring the Cypriot citizenship the investor is not obliged to pay taxes in Cyprus if he/she doesn’t live in Cyprus

  • The successful applicant is granted a Cypriot passport and automatically enjoys full rights of an EU citizen – right to travel freely, reside and invest in any EU country

  • All nationalities are eligible

  • Applicants can have multiple citizenships

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WHY CYPRUS?

Apart from being the ideal island to reside in due to its strategic geographical position and high comfortable quality of life, Cyprus offers:

 

  • Tax incentives – the Cyprus tax system complies fully with the EU requirements

  • Tax rate at 12,5% which is one of the lowest rates in Europe

  • Stable legal system 

  • No capital gains tax on profit from sale of securities

  • Considered to be a reputable international business center

  • Double taxation agreements with 48 countries across the world

  • High educated work force fluent in English

  • Stable banking sector

 

For more information you can contact us via email at info@liveralaw.com

WHY US?

At Agni Livera LLC, we are equipped to assist in this procedure and undertake all relevant steps, ensuring the success of your application. We will make sure that this will be a hazard free procedure for you by collecting all the relevant information and guide you efficiently by drafting all necessary contracts and documentation.

 

 

Simply follow the 4 steps outlined below:

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  •  Retainer agreement - Sign a retainer agreement with us and we collect all relevant documents

  • Invest - Proceed with the necessary investment – we will assist you in choosing the right investment for you, draft and sign all agreements

  • Apply - We will submit your citizenship application to the authorities, after Government fees are paid

  • Your Cyprus passport issued - Residence permit is issued within 5 days of the submission of the application and Citizenship permit is issued automatically within 6 months thereafter 

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