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Countdown to Cyprus passport application!
With the investment boom in Cyprus, more and more people are applying for a Cyprus passport. Why is Cyprus passport become so popular among high net worth individuals? Let's take a look together!
1 EU status = 30 residence status in European countries
You are free to choose to study, live or work in multiple European countries (including all the EU member states, as well as Switzerland, Norway, Iceland and Liechtenstein), and you have free movement in all the EU member state.
Asset allocation advantage
Cyprus is a non-global taxing country. It has signed double tax avoidance agreements with more than 50 countries and regions, and there are no property taxes and gift taxes. Cyprus' corporate income tax is relatively low in Europe (12.5%), and it is also one of the countries with low personal income tax. The statutory maximum personal income tax rate is 35%, and the special pension tax rate is only 5%.
Education Advantage
The commonwealth aristocratic education system is widely used in Cyprus. Recognize credits and degrees with many universities in Britain, the United States and other countries, and transfer between schools is not restricted. You can obtain the EU citizenship with a Cyprus passport, your children can enjoy the same admission conditions as local citizens, and also have priority over all top educational resources in the EU.
Cyprus is about to join Schengen
Cyprus submitted its application to join the Schengen in September, pending the first part of the EU assessment. Joining the Schengen area will bring more vitality to the domestic shipping, trade and tourism. The value of Cyprus passport will greatly increase!
Cyprus passport program
Advantages
1. No stay requirement*.
2. Low cost of living.
3. Easy application process with high approval rates.
4. Visa-free living and working in the EU and Schengen countries.
5. Lifetime EU citizenship with one-time lump investment.
6. Allow dual nationality.
Requirements
1. Non-criminal record;
2. Purchase one or more properties for 2 million euros （The property can be rented, or be sold after three years. Only need to keep 500,000 euros of property for self-occupation）
WZ&P：Grace
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