Costs of Obtaining Cypriot Citizenship: Detailed Information and Guidance
Cyprus consistently ranks among the Top 5 most livable and safest countries in the world, making it an ideal destination for families. The island nation of Cyprus stands out with its clean air, free from dust and industrial waste. Are you planning to settle but unsure about the cost of acquiring Cypriot citizenship? Let's explore the details in the following article!
Benefits of Holding Cypriot Citizenship
Investing in Cypriot citizenship not only brings numerous superior benefits but also opens the door to a bright future in Europe for you and your family.
Tax Haven and Financial Benefits in Southern Europe
European Citizenship: With Cypriot citizenship, you become a European citizen, granting you the right to live, work, and study in any EU country.
Family Freedom: Your entire family can freely work, live, and invest in any EU country.
Powerful Passport: The Cypriot passport is ranked 8th globally, allowing visa-free or electronic visa access to over 180 countries and territories.
Social and Healthcare Benefits: Enjoy high-quality social welfare and healthcare services within Cyprus's public healthcare system and other EU countries.
High Living Standards: Cyprus offers modern infrastructure and a high-quality, European-standard healthcare system.
Educational Opportunities: Your children can access a high-quality British standard education at a third of the cost. Schools in Cyprus have strong ties with major universities worldwide, facilitating further education after high school.
Safe Environment: Cyprus is one of the safest countries globally, with a very low crime rate and a peaceful, clean living environment.
Business Opportunities: Owning a business in Cyprus provides access to the vast European market, coupled with favorable tax conditions and a business-friendly environment.
Pleasant Climate: Cyprus has a mild Mediterranean climate, stunning natural landscapes, and modern infrastructure, contributing to a high quality of life.
Low Taxes: Cyprus has some of the lowest tax rates in Europe, with no inheritance tax, no tax on stock sales revenue, and no real estate tax.
Cyprus is one of the best places to live and settle.
Conditions for Acquiring Cypriot Citizenship
To invest and obtain Cypriot citizenship, you need to meet the following conditions:
Conditions for Becoming a Permanent Resident and Acquiring Citizenship in Cyprus
No language, educational, or age requirements.
Clean criminal record, and the main applicant must be at least 18 years old.
The main applicant and all adult members in the application must have a valid Schengen visa.
Must maintain Cyprus Permanent Residency (PR) status for 6 months before being granted citizenship.
Minimum investment of €2,000,000 (~56 billion VND) in a new residential property to be used as the primary residence.
Minimum investment of €2,500,000 (~70 billion VND) in previously used residential property for the CIP program.
Minimum investment of €2,000,000 (~56 billion VND) in multiple residential properties, including at least one property worth €500,000 (~14 billion VND) as the primary residence.
Minimum investment of €2,500,000 (~70 billion VND) in one or more commercial or tourism properties, with at least one property worth €500,000 (~14 billion VND) as the primary residence.
Investors must also make a non-refundable donation of €100,000 (~2.8 billion VND) to the Research and Innovation Fund and €100,000 (~2.8 billion VND) to the Cyprus Land Development Corporation.
To qualify for residency and receive a Cyprus PR card, you need to meet the following conditions:
Be at least 18 years old.
Clean criminal record.
Good health.
Have health insurance.
Visit Cyprus at least once every two years.
Not work for any company in the Republic of Cyprus.
Minimum investment of €300,000 (excluding VAT) in a single residential property to be used as the primary residence.
Invest in two residential properties with a total value exceeding €300,000 (excluding VAT).
Invest in a residential property along with a shop not exceeding 100 square meters, with a total value exceeding €300,000 (excluding VAT).
Invest in a residential property along with an office not exceeding 250 square meters, with a total value exceeding €300,000 (excluding VAT).
Open a bank account with at least €30,000 (~800 million VND) in the Republic of Cyprus.
Prove annual income outside Cyprus of at least €30,000 plus €5,000 for each dependent.
Costs of Obtaining Cypriot Citizenship
Depending on the type of residency you choose in Cyprus, the costs will vary. For investment-based citizenship, the costs include:
Costs for Acquiring Cypriot Citizenship
Investment Costs
Real estate: €2,000,000. If parents are included, an additional property worth €500,000 is required.
Contribution to the Research and Innovation Fund: €100,000 (non-refundable) to promote the creation of a new ecosystem.
Contribution to the Cyprus Land Development Corporation: €100,000 (non-refundable) to support affordable housing policies.
Other Costs
Permanent residency fee: €500 per application.
Citizenship application fee: €2,000 per adult, including the investor, the main applicant's spouse, adult children, and parents of the main applicant; €80 per minor child.
Citizenship issuance fee: €5,000 per adult, including the investor, the main applicant's spouse, adult children, and parents of the main applicant; €2,000 per minor child.
Why Choose Us for Cypriot Citizenship Assistance
Quoctichthuhai is a trusted entity in residency services, with many years of experience supporting thousands of clients. Our services include consulting and assisting with investment procedures to obtain second citizenship in various countries. We are committed to providing the highest satisfaction and effectiveness for our clients.
Detailed guidance on preparing documents and procedures for investing in real estate in the Republic of Cyprus to achieve second citizenship.
Our legal advisory team is experienced in working with legal authorities in both Vietnam and Cyprus, ready to support and address all legal queries of clients.
We guarantee clear information on costs and procedural steps, helping clients resolve any issues quickly during the second citizenship application process.
Above is information on the costs of obtaining Cypriot citizenship. We hope these insights are helpful to you. If you want to learn more and need assistance in obtaining second citizenship, don't hesitate to contact us at https://quoctichthuhai.com/.
