Your access to Europe Cyprus passport September 2016
Cyprus Citizenship Cyprus Convenient Transportation The island enjoys 2 international airports, Larnaca and Pafos, with more than 53 airlines making the flights all over the world and perfect transportation sea routes due to its location at the crossroads of three continents-europe, Asia and Africa. EU Member State Since becoming a full member of the European Union in May 2004, Cyprus has been transformed into a key outpost in the Eastern Mediterranean, facilitating partnerships and serving as the springboard for investments among Europe, Africa, and Asia. Providing the perfect gateway for businesses to penetrate new markets, Cyprus is a heaven for modern business. Hospitality and Lifestyle The Cypriot people are famous for their hospitality and kindness. Everybody can enjoy the free of stress and relaxing life style of Cyprus with its sunny beaches, luxurious restaurants and 5* hotel facilities. There are numerous entertainment celebrations during the festive periods such as Limassol Wine Festival, Carnival, etc. Mediterranean Climate and Stunning Coastline Cyprus is famous for a mild and sunny climate. The island has perfect location and one of the most beautiful and memorable coastlines in the world with Blue flags beaches. Taxation Cyprus has a dual taxation agreement with more than 50 countries. This means that any earnings on property, business, inheritance and much more will not be touched or in any way claimed in the own country of residence. Cyprus has the lowest corporate tax in the EU which attracts investors from all over the world. Education and Health Care Cyprus national education system has adopted exceptionally high standard. There are also private schools and universities. Cyprus provides also excellent medical system with a lot of facilities. Travelling Opportunities Cyprus passport holders can travel without any restrictions within the EU area and to more than 140 countries outside the EU. International Resort Cyprus is an international resort with the millions of tourists from all over the world and an international cultural centre with the fascinating history. Many historical and ancient sightseeings are included into UNESCO s World Heritage List. 2
Imperio Properties BENEFITS Personal Benefits Dual Citizenship The spouse and dependent children can acquire Cyprus citizenship via simple and quick procedures and enjoy the same welfare and rights. Access to the world with Cyprus passport European laws and regulations Right of voting Right of being elected Free basic education in public schools Free Higher education in public universities Possibility to enjoy education of the British Commonwealth with EU standard as well as advanced higher education in EU member states with much lower tuition costs The best medical facilities and care and the favourable conditions No inheritance tax Rental income EU Passport Benefits Basic Interest (welfare, citizen rights, unemployed plan and pension) Immigration (the possibility to live in any EU state) Financial Taxation (the possibility to choose tax system benefit) Medical Care (possibility to enjoy the best medical facilities) Job mobility (no immigration limits in seeking job opportunities) Education (the possibility to enjoy the education in a EU member states) General benefits of Cyprus Geographical location (at the crossroads of three continents- Europe, Asia and Africa) A stable economy in a western-type democracy Legal system based on English Law Excellent telecommunications and air connections Excellent banking facilities with worldwide networks High level of professional services Readily available and highly trained local staff Relatively low cost of living Low crime level Excellent education system up to university level Excellent climate Stunning coastlines and water sport facilities Reputable lifestyle Fascinating history Food variety 3
Cyprus Citizenship Business Benefits With its strategic location, great accessibility, excellent infrastructure combined with the numerous Government incentives, Cyprus is an ideal financial and business hub Besides the low corporate tax rates, the numerous double tax treaties that Cyprus has concluded with other countries, offer tremendous possibilities for international tax planning through Cyprus in view of the fact that any tax paid in a country with which Cyprus has a treaty is deducted from the Cyprus tax payable on the same income and Cyprus does not impose any withholding tax and dividends, interest and royalties paid by business companies Travelling Benefits A person who holds the EU passport can travel without any restrictions within the EU area and to a number of countries outside the EU (28 EU countries and 140 countries in the rest of the world. Free Access to the following countries: Italy, Sweden, Norway, Holland, Ireland, Liechtenstein, Greece, Hungary, Iceland, Belgium, Switzerland, Slovakia, Spain, Czech Republic, Finland, Portugal, Malta, France, UK, Austria, Slovenia, Denmark, Germany, Poland 4
Imperio Properties ASIA Hong Kong Macao Taiwan Korea Israel Maldives Japan Lebanon Access for 30 days Access for 1 month AFRICA Kenya Morocco Egypt Madagascar Acess for 30 days AMERICA Haiti Canada Venezuela Access for 6 months South Africa Gambia Botswana Malawi Access for 30 days Bolivia British Vigin Islands Brazil Chile Argentina Access for 30 days 30 days 1 month 3 months 90 days 6 months 5
Cyprus Citizenship DIRECT INVESTMENT Cyprus Citizenship shall be granted to the applicants who invest directly in Cyprus property as below. 2,000,000 excluding VAT in properties and a residence of 500,000 excluding VAT in Cyprus. The investment in properties can be anything from residential units, commercial units (offices & shops), or a combination of both. The residential unit price can be included in the 2.0 million investment if that contains residential units. ADVANTAGES OF INVESTING IN PROPERTY Quick processing of application Steady and risk-free investment Growth of value increase Positive impact of inflation Positive Cash flow via rent No inheritance tax TERMS & CONDITIONS FOR APPLICATION OF CYPRUS CITIZENSHIP THROUGH EXEMPTION All the investors shall meet the following criteria: Clean criminal record Investment in real estate in Cyprus of at least 2,000,000 Ownership of residential property at least for 500,000 plus VAT The applicant must be the holder of a residency permit in Cyprus to qualify for receiving the Cyprus Citizenship Contract of Sale proving the direct investments in the real estate and the receipt of payment DOCUMENTS SUBMITTED IN THE APPLICATION FOR CYPRUS CITIZENSHIP For the evaluation of the applications the form (M127) as well as the following documents must be submitted: 1. Clean Criminal Record Certificate of Clean Criminal Record from the country of origin and the country of residence (if different). 2. Residence in the Republic of Cyprus (a) Contract of Sale. (b) Title Deeds or Proof of Registration of the contract with the Lands and Surveys Department. (c) Proof of payment of the agreed purchase price. (d) Copy of the wire transfer to a Cypriot commercial banking institution in the name of the seller or the seller s company. (e) An evaluation certificate from an independent registered land surveyor, if required by the Ministry of Interior or the Ministry of Finance. 3. Criteria regarding the investment (when applicable) (a) Certificate of Registration of the company/ companies by the Registrar of Companies. (b) Certificate of shareholders by the Registrar of Companies or certificates evidencing that the applicant is the beneficiary owner of the company / companies. (c) Audited accounts of the company (or companies) for the last three years preceding the year of the application. (d) If the applicant is a high-ranking senior manager, the submission of the employment contract and the receipt from the Department of Inland Revenue are additionally required. (e) If the investment is made by the spouse of the applicant or jointly, a marriage certificate is required. 6
Imperio Properties THINGS TO DO BEFORE YOU TRAVEL TO CYPRUS Think about the property you want to buy in Cyprus (reason of buying, structure of your investment, type and kind of the property, location) Contact Imperio (as you will get the professional advice) and arrange the appointment for the viewing in advance Obtain a Clean Criminal Record Certificate from the authorities of the country in which you have most recently lived* Contact the Embassy of Cyprus that serves your region to obtain a valid tourist visa Take the necessary documents with you: Valid passport Validated Marriage certificate with official and certified translation (if applicable) * Validated Children s Birth Certificates (official and certified translation) (if applicable)* Clean Criminal Record Certificate* 2 passport photos CV * It should be certified and apostilled by the Ministry of Foreign Affairs of your country and then by the Embassy of Cyprus in your country THINGS TO DO WHEN YOU COME TO CYPRUS Make a schedule for your stay or ask Imperio to make one for you Make a property viewing to choose the property for the investment of 2,000,000 or more Choose the residential property of 500,000 + VAT or more Sign the Contracts of Sale for both cases Assign the lawyer to treat your case from the beginning till the end, sign the power of attorney authorising the lawyer to take the actions on your behalf Make the payment for both the investment and the residence Upon approval by the Ministry of Interior pay the relevant fee to the Civil Registry and Immigration Department Swear an affidavit before the Court Registrar in Cyprus Receive and enjoy your Cyprus citizenship. Welcome to Europe! Disclaimer: This publication has been prepared as a general guide and for information purposes only 7
Cyprus Citizenship INVEST DIRECTLY IN IMPERIO Imperio is Limassol s luxury developer and one of the most respected in Cyprus. The portfolio of this award-winning company comprises of luxurious residential and commercial developments in the most prestigious locations. Imperio is famous for its high-quality work and high-design philosophy. Its properties repeatedly attract above market yields and the company s original promotion and marketing philosophy ensures high market awareness. Imperio is a company with the philosophy to increase the value of its properties year by year. The company currently promotes the Governmental programme of acquiring Cyprus citizenship by investing directly in real estate. Some key facts about Imperio: One of the most respected developers in Cyprus Award winning designs & services Astonishing track-record Enviable portfolio of properties Outstanding quality of construction Guaranteed title-deeds Mortgage free properties Transparent procedures Turn-key solutions Established in 2004 20 Delivered developments - 52 mln 140 Very happy homeowners 4 Current developments - 14 mln Exclusive apartments and town houses Prestigious location Modern architecture Stylish interior design 8
Imperio Properties 9
131 Gladstonos street, 3032 Limassol, Cyprus T: +357 25 581005 imperioproperties.com