Cyprus is an island with a long history, fantastic nature, excellent climate and European standard of living. This country is often chosen by wealthy people, they invest money in real estate or business and live with pleasure on the shores of the azure sea. This is one of the best countries where you can emigrate from Russia or Ukraine. But in order to feel comfortable and enjoy all the benefits and opportunities, you need to obtain Cypriot citizenship.
Monument of ancient history in Cyprus
Obtaining citizenship is not easy, although Cyprus is considered a “bridge” between third countries and the European Union. The Republic of Cyprus has several attractive offers for serious investors and wealthy individuals. By investing a couple of million euros in the country's economy, you can obtain citizenship - as an exception - in just 1-2 months.
But this path is only suitable for those who have enough funds, a high level of passive income (outside of Cyprus), and just want to enjoy life on a hot and beautiful island. For other people, going to live in Cyprus is a dream that is not at all easy to realize.
Temporary residence permit (Pink Slip): features of issuance and rules
To be able to live on the island for more than 90 days in a six-month period, you need a residence permit in Cyprus. It comes in two types: temporary and permanent. A temporary residence permit in Cyprus is a so-called temporary resident visa. The name of the document is Temporary Resident Visa, or Pink Slip.
It comes in three types, just like a regular national visa:
- Pink Slip for students and pupils;
- guest visa for one year;
- Work Visa.
Getting a work visa for Cyprus is incredibly difficult. The legislation of this country is designed to protect its citizens as much as possible. First of all, a work visa is issued not by the person himself, but by the company that invites him to work. This is a long process that takes up to 3 months.
The first thing that is done by law is that an advertisement for an open vacancy is posted in accordance with certain rules.
If within 40 days not a single citizen of Cyprus or the EU contacts an employer about employment, only then can a resident of another country count on this position.
It is easier to apply for a job in a company with foreign investments and foreign managers (owners), and then only for high positions (up to managers of key parts of the company). So, you can get a job in a Russian company with a branch in Cyprus and in the future move to work on the island.
To do this, you need to have excellent qualifications, be a specialist in your field, in order to become a sought-after employee, for whom the company’s lawyers will do everything to have him work on their staff.
Low-skilled and support staff, even for foreign-invested companies, are recruited from local citizens. Therefore, it is difficult to count on the position of an ordinary clerk, cleaner or manager.
Cypriot citizenship for Russians: how to obtain, main advantages
- Cypriot citizenship upon purchase of real estate gives the right to obtain a Cyprus passport for children under the age of 28 in the care of the main participant in the program, spouses, father, mother.
- When preparing documents, the applicant for citizenship and his wife/husband come to the island once to submit biometric data (the duration of the procedure is 1 day). During the same visit, a residence permit in Cyprus is issued for Russians. 6 months after sending the data and personal confirmation of financial information, you will receive a passport as a citizen of Cyprus.
- The program for acquiring Cyprus citizenship by investment involves investing in real estate or securities, which will become a financial asset of the family and bring profit; At the same time, there is no requirement to contribute funds to charitable foundations, as is provided for in the investment programs of other countries.
- The immigration legislation of the Republic of Cyprus offers applicants one of the easiest and shortest naturalization options without the need to take a language test or undergo a medical examination.
- The invested funds can be returned after 3 years (except for €500 thousand, which the applicant invests in the purchase of the main home).
- A Cyprus passport opens up the opportunity to choose a country for living, studying, working, and vacationing in visa-free countries: 159 countries, including 28 EU members, Great Britain, Canada and Liechtenstein.
- When moving to England, Cypriot citizens can obtain British citizenship after 6 years.
- Beneficial tax programs for those who have not completed the naturalization procedure: tax exemption on profits received from securities and government bonds purchased under the program.
How to Get a Pink Slip (Temporary Resident Visitor Visa)
A temporary residence permit in Cyprus can be obtained not only for work or study. What you will need for this:
- confirmation that you have a place to live on the island (lease agreement, certificate of real estate);
- proof of income. Since such documents cannot be used to work in Cyprus, you must indicate that you have sources of income from abroad or have a sufficient amount in your account. They won’t tell you the exact amount, but, as a rule, it is about 10–15 thousand euros per person, or 50,000 for a family of three;
- bank guarantee (minimum 2 years);
- health insurance;
- confirmation of the reason why you want to live here. For example, moving a family from Russia if the children study in Cyprus; moving to relatives (mother to her daughter who married a Cypriot), etc.
This permit (Pink Slip) is issued for 1 year. One month before the expiration of the visa, you need to submit documents for extension. You need to live for at least 6 months in Cyprus, and at the same time, leave the territory of the state for no more than 3 months. The cost of obtaining a temporary residence permit is 140 euros and 70 euros when extending it.
Temporary residence permit for pensioners
Pensioners can obtain a temporary residence permit on the island on the basis of a permanent visitor. This status is assigned only to wealthy pensioners. It allows you to live in the country, but does not allow you to work.
Only those pensioners who have an annual family income of 9,570 euros and an income for each family member of at least 4,600 euros can obtain a residence permit. A significant criterion in obtaining a residence permit is the availability of real estate. Whether it is rented or private does not matter.
Temporary residence permit for students
A residence permit for students is issued strictly for studying at a specific higher educational institution. If a student intends to change his place of study, he will have to re-issue a residence permit.
A residence permit for students is issued with the right to employment. Previously, the document did not allow work, but not long ago the government revised this decision, so foreign students have the right to work a maximum of 20 hours a week.
Students can work only in certain fields of activity. A student has the right to get a job as a cleaner, a caregiver for the elderly or sick, an assistant in a catering establishment, a courier, an assistant on farms and plantations, and an assistant at car washes.
Before employment, the student provides his employer with a package of documents consisting of:
- Employment contract.
- Schedules of academic disciplines. It is very important to correctly formulate a work schedule so that work activities do not interfere with the educational process.
- Residence permit.
How to move to Cyprus to study, watch the video
Temporary residence permit for property owners
Only owners of real estate worth more than 300,000 euros can obtain a residence permit in 2021. If the price of real estate is lower, then the owner of the real estate is provided only with benefits regarding the opening of a visa.
Temporary residence permit for hired workers
Employees working on the island have the right to open a residence permit for 1 year, which is called “Employment”. The permit is extended by agreement of both parties: the employer and the employee.
What documents are needed for Cypriot citizenship?
When submitting an application, you must prepare a package of documents consisting of:
- statements;
- original and copy of foreign and internal passport;
- a certificate that allows the migrant to stay in the country (residence permit or permanent residence permit);
- 4 passport size photographs;
- medical certificate;
- a document confirming no criminal record;
- confirmation of financial independence;
- tax return;
- documents confirming the existence of property;
- receipt for payment of state duty.
To obtain a visa on different grounds, additional documents may be required. Applicants who are married with children must provide a marriage and birth certificate. All submitted documents must be translated into the official language and notarized.
A fee of 35 euros is charged for processing the application. There are no exact deadlines for obtaining a visa; this process can take 3 months or a year.
C4MR57 Cypriot flag,Pathos,Pafos,Cyprus.Fort and harbour.
There are a number of reasons why citizenship may be denied:
- the applicant provided false information about himself;
- showing disloyalty to the country;
- having a criminal record or serious offences;
- terrorist actions.
In addition to the above reasons, you can lose your citizenship of Cyprus at your own request.
Cyprus Permanent Residence Permit
Another option is a permanent residence permit (PRP), which is issued for five years. For EU residents, there are separate rules for obtaining such a permanent residence permit, which is called Yellow Slip. We will consider the procedure for obtaining permanent residence for citizens of third countries.
To do this, it will no longer be enough to simply have the means to live; you also need to have your own real estate, the cost of which should be at least 300,000 euros. You must also provide a certificate of good conduct.
Officially, there are several categories of residence permit in Cyprus that third-country citizens can obtain:
- category A: for persons who will work for themselves in the field of agriculture (required to have their own plot of land, as well as capital of 430 thousand euros);
- category B: for persons who will work for themselves in the mining industry (permission from the authorities, confirmation that such work does not harm the economy and nature of Cyprus, from 350 thousand euros of capital);
- category C: work in any specialty (only for yourself, not for a company) with permission from the civil service and capital from 260 thousand;
- Category D: work in science (diplomas and proof of qualifications are required). As before, for those who will work for themselves, without taking away potential jobs from Cypriots. Minimum capital – the same as in the previous category;
Certificate confirming qualifications
- category E: this is already a full-fledged work visa, which was discussed earlier;
- category F: accommodation for persons who have sufficient income not to work. The amount of income is not clearly defined, but there is an unspoken rule: a minimum of 10 thousand euros per year, an additional 5,000 euros for the spouse or children. In some cases, more income will be required.
It is the temporary resident visa category F that is the most popular and frequently used. Immigration to Cyprus in this way is a common occurrence for wealthy people who have a good business or investment abroad, accumulated capital, deposits, etc., and want to spend the rest of their life on the shores of the Mediterranean island, in comfortable conditions.
To obtain a residence permit of category F, you also need to have a certain amount in a Cypriot bank (about 30,000 euros, it is blocked for three years), income from abroad and real estate.
You must also indicate the reason for your stay in Cyprus. Emigrating with your family and children under 21 who will study here is an excellent option.
Facade of the University of Nicosia
Registration of permanent residence
To obtain registration, a foreign resident should contact the Migration Department and submit a package of papers consisting of:
- Foreign passport.
- There are 4 photographs.
- Documents confirming the presence of your own real estate on the island.
- A certificate confirming the good financial condition of the applicant. Let us remind you that to live in Cyprus you must have an annual income of at least 30,000 euros. If a foreign resident lives with a wife and children, then an additional 5,000 euros will be required for each person to provide for them. If parents live with the applicant, then in this case a certificate is provided indicating the availability of an additional 8,000 euros for each parent.
- Health insurance policy.
- Certificates confirming that a foreign resident has no criminal record in his home state.
How can residents of Russia, Ukraine and Belarus obtain Cypriot citizenship?
Based on the possibilities, each migrant himself chooses the way to obtain a Cyprus passport. In this matter, it is easiest for young people who can go to the island to study. And although Cyprus is not famous for its numerous universities, like Britain or the States, many students are happy to visit this country for educational purposes. Older people go to the island to work. Those who have enough funds are ready to open a business or make investments in Cyprus. Regardless of the reasons for entry, all foreigners have to go through the standard procedure for obtaining a new status.
It is possible to move to another country! Now it is easy to obtain a residence permit, permanent residence and even citizenship of another state. Any migration issues can be resolved with international law lawyers. There are those who deal with migration issues. Their consultation is free!
Requirements for applicants
Those who meet the basic requirements will have a better chance of obtaining Cypriot citizenship. The migrant must have an impeccable reputation and no problems with law and order. At the same time, stay on the island for a long time, have a stable high income and a place to live, preferably your own and not rented. The package of documents for citizenship must be taken to the Department of Migration and Citizenship of the Republic of Cyprus. In addition to submitting documents, the foreigner will have to undergo two interviews. One will take place at the city district administration, the second will take place at the police station. A migrant may be asked about his life, family traditions, etc.
Documentation
The list of required documents you need to have:
- foreign passport and internal passport;
- completed application form;
- birth certificate (certificate);
- marriage certificate;
- document on good conduct;
- bank statements about accounts and income;
- insurance;
- certificate of length of stay in the country;
- certificate of place of residence;
- testing certificate;
- state duty invoice;
- photo;
- advertisements made in the newspaper about a request for citizenship.
To all this, documents are added depending on the basis for entry. All documents must be in Greek and English.
Purchasing real estate to obtain permanent residence in Cyprus
Residence permits and permanent residence in Cyprus can only be obtained by having ownership of real estate. Some rules also apply here:
- the property can be residential or residential and commercial. That is, you can buy a house and a dacha by the sea; house and shop; apartment and office. But you can’t just buy commercial real estate;
- the purchase price must be at least 300,000 euros, of which at least 200,000 must be paid immediately;
- The money you use to buy real estate must come from abroad; you cannot take out loans from Cypriot banks for such expenses.
This is a good way to get a residence permit without specific periods, to easily travel to the island as much as you like, without restrictions, without specified periods of stay (but come to Cyprus at least once every two years).
How much does residential property cost in Cyprus?
Pricing depends on where the apartment or house is located, and your choice depends on how you plan to manage it in the future. Will this be a seasonal home or are you planning to move to Cyprus to take advantage of all the island has to offer?
Prices for apartments in Cyprus start from €100,000. The influx of investors to the island has led to an increase in the cost of luxury housing: apartments with sea views, coastal villas with pools and gardens. There is no price ceiling here. Therefore, you can spend the entire minimum investment amount on real estate or limit yourself to only €500,000.
Cyprus citizenship: options for obtaining
The topic being discussed this year is the new loyal conditions of the Republic of Cyprus for obtaining citizenship. Since the spring of 2014, new rules have been in force that make it possible to obtain citizenship in just a month. But this program is designed for investors for whom the investment threshold has been reduced. This is the so-called economic citizenship, or citizenship by investment.
In general, according to the law, citizenship can be obtained in four ways:
- by right of blood (a child, one of whose parents has Cypriot citizenship, can also receive it);
- by marrying a citizen of Cyprus. Having been married for more than three years, you can apply for citizenship;
- "naturalization". This is a program for those who permanently live on the island. To obtain citizenship, you must have lived for at least seven years out of the last eight, and also fulfill some other conditions of the Republic of Cyprus;
- Cyprus citizenship for investors is what was discussed at the beginning. Individuals who invest sufficient funds in various areas of the Cyprus economy, from real estate to research projects.
Basic methods
The provisions regarding Cypriot citizenship are regulated by the Constitution and the Nationality Law. According to these documents, a citizen of the country will not be expelled from the island under any circumstances. In addition, there are no provisions in the laws for the automatic loss of status as a citizen of a European power.
Cypriot citizenship is acquired in one of 4 directions:
- By right of blood. The status will be received by a child whose at least one parent is a citizen of a Mediterranean state.
- Through marriage. A native of Russia will become a citizen of Cyprus if he/she marries a citizen of the republic. To obtain citizenship, you must have been married for at least 3 years.
- Through naturalization.
- For special services to the state. This option applies to applicants for citizenship by investment. Large investors have the right to acquire Cypriot citizenship in a special manner within 3 months.
Marriage with a Cypriot citizen is one of the options to obtain citizenship
One of the easiest ways to obtain citizenship is to marry a Cypriot. You can register a marriage in Russia and Cyprus, but it is easier and more convenient (less paperwork) to register a marriage in our country. After this, the relevant documents, as well as additional data, are submitted to the government authorities of the Republic of Cyprus.
It is important to understand that marriage to a Cypriot is only an excuse that does not guarantee citizenship. After three years, you are eligible to apply, but the process may take months or even years. In addition, your spouse may not give his consent to you working, and for the first years in Cyprus you will be a simple housewife.
Although times and morals change, reviews from Russian girls who went to a foreign country and encountered a rather strict culture and rigid traditions are not the most positive.
Immigration to Cyprus through marriage, real or fictitious, is not the best option, but many choose it as the most affordable. Always remember that the legislation of Cyprus, as well as other EU countries, primarily protects the rights of its citizens, and achieving your goal can be very difficult.
Naturalization: Cypriot citizenship within 7 years, additional requirements
The classic way to obtain Cypriot citizenship is to spend a lot of time in this country. According to the law, this is 7 years. And not in total for the entire period, but only for the last 8 years, that is, you need to live in Cyprus almost constantly.
You must live in the country continuously for the last year (365 days) before applying for citizenship.
To obtain citizenship, the applicant provides the following documents:
- Original and photocopy of birth certificate.
- Original and photocopy of marriage certificate (if available).
- Original and photocopy of the certificate of divorce (if available).
- Original and photocopy of a certificate of no criminal record.
- Original and photocopy of foreign passport.
- Original and photocopy of permanent residence permit.
- Original 2 advertisements from a local periodical about the desire to become a citizen of Cyprus.
- Original and photocopy of ID card.
- Photographs in the amount of 2 pieces.
What can cause denial of citizenship or deprivation of citizenship of the Republic of Cyprus? According to the law, there may be several reasons:
- obtaining citizenship by fraudulent means;
- connections with the enemies of the Republic of Cyprus during hostilities (still relevant today, since part of the territory of Cyprus is occupied by Turkish troops and is an unrecognized state);
- having a criminal record for more than 1 year in the first five years after receiving citizenship.
Citizenship is denied to those persons who have not resided in the country for more than 7 years and who were in the service of the Republic of Cyprus (or who did not register with the Cyprus consulate confirming their desire to retain citizenship).
Cyprus citizenship by investment – why choose Cyprus
Modern political, economic and simply life circumstances dictate the need for a person to be mobile. This also applies to the ability to move freely not only within one country, but also between states. At the same time, the rapid pace of life must be balanced by a guarantee of stability and security. The possibility of realizing these needs is seen in obtaining a second EU citizenship. It is the European passport that opens borders and allows you to create a quiet haven in which you can wait out the impending storm. One of the most attractive states in this regard today is Cyprus, which has an official citizenship by investment program.
Why Cyprus In addition to the opportunity to live in a country with excellent climatic conditions, a Cypriot passport provides the following advantages:
- Door to Europe . In 2004, the Republic of Cyprus became a member of the European Union, from which time its citizens received the right to live, work and do business in EU countries. In this regard, a Cypriot passport can be considered as a kind of insurance against political and economic shocks and the opportunity to create an “alternate airfield” in any state of the European Union.
- Visa-free regime . Having a Cypriot passport allows you to freely cross the borders of more than 150 countries on all continents.
- Double citizenship . Cyprus law allows dual citizenship. When obtaining a Cypriot passport, there is no need to renounce your previous citizenship.
- Stability . Cypriot citizenship is not lost automatically - only upon personal application for renunciation or due to violation of rules specified by law. In addition, according to the Nationality Law (1967), a Cypriot citizen cannot be expelled from the country under any circumstances.
- Sustainable legal system . The stability of the legal and judicial systems of Cyprus is ensured by the underlying British law.
- Preferential education . Having a Cypriot passport makes it possible to study and teach children in European, including British, universities at preferential rates.
- Social guarantees . Citizens of Cyprus have the right to enjoy all social guarantees, benefits and advantages provided for by EU legislation, including medical care, free education in public institutions of Cyprus, pension or social security.
- Safety . Cyprus ranks fifth in the world ranking of the safest countries to live in.
- Tax system and preferential treatment for foreigners . Cyprus is famous for its low tax rates. For example, the corporate tax rate is 12.5% and is the minimum among EU countries, and property tax will not be levied at all from 2021. There are also no taxes on scholarships, wealth, gifts, or inheritance. In addition, according to The World Bank, in 2017 Cyprus entered the top ten countries in the Doing Business ranking, which positions it as a very attractive financial platform.
Obtaining Cypriot citizenship: standard naturalization vs investment There are several ways for foreigners to become citizens of Cyprus. The most popular are standard naturalization and citizenship by investment. To apply for standard naturalization, you must first obtain a residence permit and have lived in Cyprus for seven years. Of these seven years, the last year the applicant must reside in Cyprus permanently and must not have a criminal record or problems with the law. Except in cases provided for by law, such as working for an international organization, in order to obtain Cypriot citizenship by naturalization the applicant must actually reside on the island. The right to obtain citizenship through standard naturalization is personal and does not extend to members of the applicant's family. This means that children can become citizens of Cyprus only after a few months, and a spouse who has not lived in the Republic for seven years only after three years after the main applicant has received naturalization. As you can see, obtaining citizenship through the standard procedure is not quick, and is also linked to the need to actually reside in the country for a number of years. However, wealthy people today can obtain Cypriot citizenship in just 6-8 months. This was made possible thanks to the island's exceptional naturalization scheme for large investors. According to the latest version of the program (2016), a person who has invested a large amount in the Cyprus economy receives a preferential right to obtain citizenship. The program is extremely popular all over the world: since its inception, more than 1,200 investors and members of their families have received Cypriot passports, half of whom are Russians. According to a statement by the Minister of the Ministry of Internal Affairs of Cyprus, Sokratis Hasikos, from 2013 to April 2021, the passport program brought the country about 4 billion euros. Where and how much to invest The program provides several options for investment in the island's economy: - in residential real estate; - commercial real estate; — into business (support or acquisition of existing Cypriot companies and/or creation of your own); — in government bonds (the maximum amount of investment in this asset is limited to 500 thousand euros, the remaining investments must be invested in other types of assets); - a combination of the above options. The minimum investment required to obtain citizenship is 2 million euros. In addition to this amount, the investor is obliged to purchase private real estate for an amount of at least 500 thousand euros (excluding VAT). If 2 million euros are invested only in housing, then the last condition does not apply. If the investor already has residential property on the island, and it was purchased no earlier than three years before his entry into the program, then there is no additional requirement to purchase housing. Funds are placed for at least three years, after which all investment properties can be sold, with the exception of private real estate. Housing purchased under the program can also be sold at any time, but only on the condition that a new one is purchased for no less than 500 thousand euros. Thus, this amount will remain in Cyprus forever. Non-financial conditions of the program The investor participating in the program must not have a previous criminal record and must have a residence permit in Cyprus. The second requirement was introduced under the pressure of EU rules and is formal: residence permit status is granted simultaneously with the submission of an application for citizenship. There are no other mandatory non-financial conditions. The investor and his family members are not required to reside in Cyprus either before or after receiving the passport. This will not affect their citizenship status in any way. There is also no requirement to provide certificates of funds, financial and other assets, or to pass exams on knowledge of the Greek language and the history of Cyprus. As a comparison, we can cite the example of the Maltese citizenship investment program, under the terms of which the investor is expected to justify the source of origin of not only the amount invested, but also to disclose all of his assets, where and in whatever form they are located. The Cypriot passport is issued for life with the right of inheritance of citizenship for children, and its holders have equal rights with EU citizens. Who can count on obtaining citizenship
Cypriot citizenship is granted to the entire family of the investor, including minors and financially dependent children under 28 years of age, as well as his parents, if they own real estate in Cyprus worth more than 500 thousand euros. It is also possible to jointly own real estate with an investor for an amount starting from 1 million euros. Obviously, obtaining Cypriot citizenship through investment is the most profitable option, both in terms of processing time and in terms of financial benefits. Residential property in Cyprus can always be rented out and have a good income from it, since the flow of tourists wanting to visit the island has not dried up in recent years, but has only been growing. Where to apply to obtain citizenship by investment?
International lawyer Oleg Lemeshko says: There are now many offers on the Russian citizenship by investment market, but the choice of specialists who will handle the legal side of such a delicate issue must be approached very thoughtfully. has been working in the immigration market since 2009, and over the years has accumulated extensive practical experience in obtaining citizenship in almost all countries of the world that have similar programs at the state level. This is not only Cyprus, but also all Caribbean countries: St. Kitts and Nevis, the Commonwealth of Dominica, Antigua and Barbuda, Grenada, St. Lucia. To obtain citizenship of these states, you need to donate or invest an average of 100 thousand to 400 thousand US dollars. The amount varies depending on the investment option chosen and the number of family members included in the citizenship application along with the investor. Caribbean passports provide the opportunity for visa-free travel to a number of countries around the world, including Great Britain, the Schengen countries and a number of other visa-bearing states for Russians. However, it is worth noting that the Caribbean Documents (unlike the Cypriot Citizen's Passport) do not provide the opportunity to resettle permanently in the EU by notification; Immigration will require a European residence permit. As for Cyprus, one of the important advantages of working with us is working not with one or another developer (as you know, all the largest construction companies in Cyprus have offices or representative offices in Moscow to attract clients), but with one of the oldest and most famous law firms in Nicosia. On the one hand, this will allow the client to have more freedom in choosing possible real estate options, without being limited by the base of properties of a particular developer. On the other hand, licensed lawyers will help check the purity of the transaction and protect the interests of their client, even if this goes against certain terms of the contract with the construction company Russia, 125445, Moscow, st. Smolnaya, 24A, 10th floor, office 1022/2 +7, Representative in St. Petersburg [email protected] https://honoraryconsul.ru
Applying for a Cypriot passport
You can obtain a Cypriot passport only after 7 years of residence in this country. A foreign resident will be able to receive the document only if he has not had any problems with the law during the entire period of his residence on the island.
To obtain a Cypriot passport, a foreign resident must submit a package of documents consisting of:
- A valid foreign passport.
- Internal passport.
- Documents confirming the availability of real estate in this country or making investments in economic development.
- Receipt confirming payment of the state fee.
- Certificates of no criminal record.
- Statements of length of stay.
- Permanent residence.
The passport of a citizen of Cyprus equalizes the rights of its owner with citizens of all EU countries. The passport allows you to take part in local and national elections, receive education, and work on the territory of this island.
Having a Cypriot passport allows you to receive social assistance and various benefits. Children of Cypriot passport holders receive Cypriot citizenship by birth.
The main advantage is dual citizenship. Nationals of the Russian Federation are not required to renounce Russian citizenship in order to obtain Cypriot citizenship.
Dual citizenship and advantages of Cyprus
Cyprus allows dual citizenship if the laws of your country allow it. Contact us and we will advise you on the legislative framework of your homeland.
The advantage of a Cypriot passport is the possibility of free movement in one hundred and forty countries of the world. An additional bonus is the country's membership in the European Union.
Also, your children will receive preferential education, which is rated in many countries. Will a child born in this country have Cypriot citizenship? What other conditions must be met? Contact our specialist and consult with him.
The faster you do this, the greater the likelihood of a positive resolution of the situation. Having a European level passport makes it easier to do business in other countries.
When investing in the country's economy, no one will require you to know the Greek language. Since the country is a former British colony, English is widely spoken. Which makes communication and living much easier.
It also applies English law, which has stood the test of time and is one of the most effective legal systems today.
Obtain Cypriot citizenship
Renunciation of citizenship
Renunciation of citizenship is possible by filing an official application for renunciation. Exit is usually permitted, but if it is determined that a Cypriot national intends to lose citizenship due to evasion of military service or criminal prosecution, then exit will be denied.
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The second option is deprivation of citizenship by decision of the Council of Ministers of Cyprus.
Council of Ministers of Cyprus
Deprivation of resident status is possible in the following cases:
- Citizenship was acquired fraudulently.
- The citizen was in contact with the enemies of Cyprus during military operations.
- The citizen showed disrespect for the Republic.
- The citizen was sentenced to serve a prison term of more than a year for the first 5 years after becoming a citizen.
If a Cypriot citizen has not resided in the country for more than 7 years, citizenship may be lost in the following cases:
- The subject was not serving in the army.
- The national has not registered with a diplomatic mission of the Republic of Cyprus in another country.
Advantages and disadvantages
Cyprus is a tourist country with a mild climate. It is never very cold or very hot in the state; the temperate climate of the resort allows you to live comfortably throughout the entire calendar year.
The country attracts tourists not only because of its climate, but also because of the Mediterranean Sea. The beach season at the resort begins in April and ends in November.
Attractive place
One of the main advantages of living in Cyprus is the safe environment. This island is small in size, so police officers are able to control the crime rate. You can walk on the island without fear even at night; cases of theft and violence are extremely rare.
The main advantages of living in Cyprus:
- Moderate prices.
- Comfortable language environment. The island is home to a large Russian-speaking population, so there will be no language barrier for Russians or Ukrainians.
- Low tax rates.
- Affordable real estate prices.
Living in Cyprus, you get an excellent opportunity to give your child a good and high-quality education.
There are Russian-language schools on this island, so parents definitely won’t have to worry about their lack of knowledge of the language and their child’s adaptation to a new country. The disadvantages include the difficulty of obtaining a residence permit or permanent residence permit, as well as expensive utilities.
Cypriot citizenship by naturalization
Pink Slip – temporary Cypriot residence permit
To obtain a country's passport using this method, you must meet certain criteria. One of the main requirements is to legally live on the island for 7 years (5 years with a residence permit and 2 years as a permanent resident). During this period, it is important not to break the laws.
The period of residence is calculated using the formula “7 times 365 days = 2555 days.” You must remain on the island continuously for 1 year before applying for citizenship.
Other requirements for applicants for citizenship:
- Be over 30 years old.
- Confirm your desire to live in a Mediterranean country (for example, transport minor children and other family members to the territory of the state).