Cyprus is a 9,251 km² country with a population of 1.1 Million people. The country became an EU member state in 2004 and is one of the most attractive business places in the EU with favorable taxation system, amazing climate and culture. The country has an excellent education system, with several UK universities on the island. It has a lowest crime rate in European Union and is the 5th safest country in world.
CITIZENSHIP BY INVESTMENT
- Fast-track to Citizenship as the examination of the application is around 6 months.
- Cyprus citizen is a citizen of EU.
- Dual citizenship is permitted.
- There is no mandatory requirement to reside in Cyprus.
- There is history nor language test.
- No income tax implications unless residing in Cyprus for more than 183 days per year.
The Republic of Cyprus allows investors to obtain the Cyprus Citizenship by investment under the provisions of the Council of Minister’s Decision, which brought into effect the Naturalization By Exception Programmed on the basis of Article 111A (2) of the Civil Registry Laws of 2002 – 2015.
The applicant’s spouse and all financially dependent children aged up to 28 can apply as well, The applicant and all other adult members of his family must have a clear criminal record, prior to their naturalization Cypriot citizens. Must hold a residence permit on the basis of Regulation 6 (2) of the Aliens and Immigration Law, simultaneously with the application for naturalization.
Citizens enjoy a stable environment with the right to visit, work, study and reside in any of the 28 EU member countries. Investors also look at Cyprus for business by investment purposes as they recognize the numerous venture opportunities. Having one of the lowest crime rates in the world, it would be the ultimate and safest place to live in.
Study the application, KYC and background security check on the client’s, sign the retainer agreement and application preparation.
Bayat Group will support and guide you with collecting the required documents concurring to the government checklist. File is prepared and submitted
Bayat Legal services will assist in opening a bank account in Cyprus.
Bayat group will lead you through your investment in Cyprus meeting the requirements and prepare the documents required.
Once the sale agreement signed, PR application will be filed with the Migration department. Approval will be expected, and passport will be issued.