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Cyprus passport policy is tightened again, it’s time to start your immigration plan
The passport of Cyprus, as the EU passport, which can be quickly obtained by purchasing properties over 2 million euros, it is well known for its high value and simple process. It is loved by the wealthy people in the world.
However, under heavy pressure and warning from the EU commission that requests Cyprus to tighten its policy, the Cyprus passport policy is gradually tightened, limiting quotas, increasing donation amount and extending investment period. It has been added some new restrictions. Recently, the Cyprus cabinet meeting announced some new policy details for Cyprus passport, and the new policy came into effect immediately:
1. A donation of 200,000 euros can be paid after the citizenship is approved.
2. Prohibition of high-risk individual’s application for applying the Cyprus citizenship.
In order to avoid the restrictions of the EU rules or other rules, Cyprus has legislated on investment policy, with the various advantages and benefits of Cyprus, such as:
Preferential tax policy
As a low-tax country in Europe, Cyprus is a tax haven. There is no inheritance tax, no gift tax, no global tax. The corporate income tax is only 12.5%! A favorable tax system can not only provide great convenience for your business, but also protect your wealth after immigrate to Cyprus.
The EU welfare
Cyprus is an EU country. The citizens can choose to live, invest, work and study in any EU countries, the people can enjoy the same pension, education and medical care as local citizens.
Attaches great importance on education
Because of the government attaches great importance to education , the number of higher educations in Cyprus ranks 3rd in the world (60% of bachelor, 50% of master), national higher education and training penetration ranks the 4th in the world.
As the policy of citizenship program is gradually tightened in Cyprus, it is the best time for investors to obtain the EU passport.
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
WZ&P— leader in residence and citizenship planning
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E-mail: grace.w@wz-p.com
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