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Cyprus

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Requirements

Restricted Nationalities

European Economic Area

dual citizenship

Dual citizenship is recognized in Cyprus. You are not required to renounce your previous nationality to become a citizen of Cyprus.

Documents Required

  • Proof of Payment of Real Estate
  • Title Deeds or Proof of Registration of Real Estate
  • Bank confirmation letter regarding deposit
  • Original and photocopy of passport
  • Bank Statement
  • Statement of Source of Income
  • Proof of occupation
  • Evidence of Residential Address
  • Original Bank Reference Letter (Not older than 6 month)
  • Evidence of Health Insurance
  • Original Police Clearance Certificate
  • Two passport-size photos
  • Original or Certified copy of Marriage Certificate (if applicable)
  • Original or Certified copy of Birth Certificate (if applicable)
  • dual citizenship Yes
  • Family members included Yes
  • land ownership Yes
  • Physical residence required No
  • Personal visit required No
  • Language skills required No
  • Interview required No
  • Investment Single €150,000
  • Investment Family 4 €150,000
  • Minimum annual income €10,000
  • Time to citizenship 96
  • Time to permanent residency 12
  • Visa-free countries 178
  • Financing available No

Country details

Cyprus
EUR
357
Nicosia
Europe
Greek, Turkish, English
1,102,677

Visa Free Travel

With your new passport from Cyprus you'll be able to access 178 countries visa free
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Taxes

  • Property tax No
  • Transfer tax Yes
  • Inheritance tax Yes
  • Net worth tax Yes
  • CFC law No
  • Tax residency days 183
  • Personal income tax rate 35%
  • Capital Gains tax rate 20%
  • Investment income tax rate 0%
  • Territorial taxation No

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