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In light of the United Kingdom exiting the European Union on the 29th March 2019, the Civil Registration and Migration Department has published announcements for British nationals and their family members urging them to convert/acquire (their) residence status within the Republic of Cyprus. British nationals who have been granted an Immigration Permit according to the...
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On the 3rd of September 2015 the House of Representatives passed the Immovable Property (Transfer and Mortgage Law 9/1965, as amended (139(I)/2015). Simultaneously the Immovable Property (Transfer and Mortgage) (Protection of Buyers) Regulations (Regulatory Administrative Act KPD 298/2015) of 2015 were adopted. This new law assists purchasers, who have fulfilled their obligations under the contract...
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For those who are seeking residence within the European Union, the Greek Golden Visa seems to be a good option. The straightforward investment paired with the fast process, resulting in visa-free travel to other Schengen countries, makes this program appealing. More importantly, it is cost efficient. Procedure: Purchase of property(ies) in Greece for a minimum...
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The Scheme In respect of the Cyprus Investment Scheme (CIS) an option to invest a maximum of EUR 500,000 in special Cyprus government bonds is given. Bear in mind that these bonds can only be purchased by natural persons as per the terms of the bonds. The Framework The special Cyprus government bonds are issued...
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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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