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Immigration lawImmigration triggers economic growth and offers countless opportunities to individuals, both on professional and personal levelCyprus is a member of the European Union, located in the Mediterranean Sea making it highly accessible to the rest of Europe. Having countless advantages for relocation both for personal and business purposes, Cyprus is a popular migration destination offering various programs for obtaining citizenship, residency and visas. Thus, it is of outmost importance to select diligent Cyprus Immigration lawyers, who shall undertake to successfully finilise all applicable procedures for acquiring the required permit. Cyprus is an excellent destination for relocation with family. |
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The island encompasses education facilities of high standards, which consequently allows individuals to continue their education at Universities abroad. Furthermore, there is a comprehensive healthcare system that is easily accessible to the citizens and residents of Cyprus. In addition, the island enjoys a low crime level and is subject to a relatively low cost of living.
Moreover, Cyprus is a dynamic business center, offering strong government and tax incentives. There are countless advantages for establishing or relocating a business to Cyprus, as well as becoming a Cyprus Tax Resident. Immigration lawyers at Eione Ventures LTD are particularly experienced and are able to extensively consult on all benefits of available programs in detail.
A highly attractive scheme for individuals and their families is offered by the Government of Cyprus to attract foreign investment. The scheme grants access to the remaining 27 EU states as well as visa free entry to numerous countries, most importantly with no requirement of prior residency on the island as opposed to citizenship schemes offered by other EU Member States.
The Immigration Lawyer will be at the disposal of the clients throughout the whole process, diligently outlining each stage of the ongoing procedure. Our firm’s highly professionals provide extensive consultation on the applicable Cyprus Immigration law requirements of each particular case and fully undertake the procedure of obtaining the relevant permit/citizenship.
Cyprus golden visa requirements
To qualify for residence, applicants must fulfill both of the following requirements:
1. Choose one of the following options:
◦ Purchase up to two new immovable residential properties of a total market value of at least EUR 300,000 plus VAT, with the option to purchase from two different developers.
◦ Purchase up to two new or used immovable non-residential properties (offices, shops, hotels, or other developments) of a total market value of at least EUR 300,000 plus VAT
◦ Invest EUR 300,000 in the share capital of a physical company registered and operating in Cyprus, which employs at least five people.
◦ Invest EUR 300,000 in units of the Cyprus Investment Funds Association’s collective investments (AIF, AIFLNP, RAIF).
2. Provide supporting evidence of a secured annual income of at least EUR 50,000 deriving from abroad (an additional EUR 15,000 is required for each dependent spouse and EUR 10,000 for each minor child).
In addition, applicants must satisfy the following requirements:
• Submit clear criminal record certificates from the country of origin and country of residence every three years (also applicable for all adult dependents).
• Provide an official statement confirming non-employment (not applicable to applicants who are directors of a company they have invested in).
Procedures for the Cyprus golden visa
Applications for Cypriot residence must include completed application forms and should be accompanied by the appropriate fees and supporting documents. Successful applicants must annually provide evidence of maintaining their investment and proof of health insurance if they no longer benefit from the General Healthcare System. The income derived from abroad may include employment salaries, rent, pension, interests on deposits, and dividends from shares.
Property LawIt is a comfortable feeling to know that you stand your own ground. Land is about the only thing that can’t fly away” Anthony TrollopeReal estate market in Cyprus is ever growing, with countless development and construction projects all over the Island. The high demand for property in Cyprus has triggered construction of properties of all calibers, therefore providing the opportunity for each investor to find the most suitable property for them, ranging from the most luxury properties to affordable high worth properties. We offer tailored-made solutions of high quality for specific needs to clients who develop, invest, own, lease, dispose or acquire all types of property. In addition to such we further may fully undertake the management of the given properties and aid to ensure the best possible return on investment. |
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Tax LawTax law is a set of laws under which governmental authorities have a claim on the taxpayers in relation to their income or propertyCyprus enjoys one of the lowest corporate taxes in Europe, being 12.5%. All Cyprus tax resident companies are taxed on their net profit accrued or derived from all chargeable sources in Cyprus and abroad, in order for a company to obtain the status of the Cyprus tax residency it must be managed and controlled in Cyprus. There are certain highly favorable exemptions from corporate tax subject to certain conditions, being: dividend income, interest income (excluding interest from the ordinary business), Foreign Exchange gains, gains from disposal of securities and gains from restructuring. As well as that Cyprus has a rather competitive VAT rate of 19% and numerous double tax treaties. |
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