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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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