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June 2018
On the 15th June 2018 the Committee of Supervision and Control announced that starting 18th June 2018 they will accept applications for natural and legal persons to be added to the list of registered providers in respect of the Cyprus Investment Scheme.
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The Legal Framework There are a number of circumstances under which a person, minor or adult can obtain Cypriot citizenship due to origin. When this citizenship has been obtained, they can apply for a Cypriot passport and a Cypriot ID card.
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Implications An individual earning income in the Republic of Cyprus (Cyprus) or just having purchased property in Cyprus, will need to be aware of the following tax and VAT implications.
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The Council of Ministers, during its meeting held on the 21st of May 2018, has renamed the “Scheme for the naturalization of non-Cypriot investors by Exception”. The scheme will now continue as the “Cyprus Investment Scheme” strengthened with the following safeguards:
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June 2018
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