CYPRUS PASSPORT
The Republic of Cyprus is a island country in the Eastern Mediterranean, south of Turkey and west of Syria and Lebanon. It is the third largest island in the Mediterranean Sea and one of its most popular tourist destinations. An advanced, high-income economy with a very high Human Development Index, the Republic of Cyprus was a founding member of the Non-Aligned Movement until it joined the European Union on 1 May 2004.

The Republic of Cyprus is de facto partitioned into two main parts; the area under the effective control of the Republic of Cyprus, comprising about 59% of the island's area, and the Turkish-occupied area in the north, calling itself the Turkish Republic of Northern Cyprus, covering about 36% of the island's area and recognized only by Turkey.
Due to double-taxation avoidance agreement between Cyprus and Russia and due to low taxes Cyprus is very popular among Russian clients as a jurisdiction for low-tax companies incorporation. Relocation to Cyprus is also very popular among Russians.

Immigration to the Republic of Cyprus

Foreigners may make an application to obtain an Immigration Permit on the basis of one of the Categories referred to in Regulation 5 of the Aliens and Immigration Regulations. An Immigration Permit will not be granted to anybody unless the Immigration Control Board recommends to the Minister of Interior that such person belongs to one of the following Categories:

Category A : Persons who intend to work as self employed in agriculture, cattle breeding, bird breeding or fish culture in the Republic, provided that they have in their possession adequate land or a permit to acquire same, they have fully and freely at their disposal capital of approximately EUR 430,000 and such an employment should not negatively affect the general economy of the Republic.

Category B : Persons who intend to work as self employed in mining enterprises in the Republic, provided that they have in their possession a relative permit, they have fully and freely at their disposal capital of approximately EUR 350,000 and such an employment should not negatively affect the general economy of the Republic.

Category C : Persons who intend to work as self employed in a trade or profession in the Republic, provided that they have in their possession a relative permit, they have fully and freely at their disposal capital of approximately EUR 260,000 and such an employment should not affect negatively the general economy of the Republic.

Category D : Persons who intend to work as self employed in a profession or science in the Republic, provided that they have academic or professional qualifications, for which there is demand in Cyprus.

Category E : Persons who have been offered permanent employment in the Republic, which will not create undue local competition.

Category F : Persons who possess and have fully and freely at their disposal a secured annual income, high enough to give them a decent living in Cyprus, without having to engage in any business, trade or profession. The annual income required should be at least EUR 10,000 for a single applicant and additional EUR 5,000 for every dependent person, but the Immigration Control Board may demand additional amounts as necessary.

The total costs for obtaining residency in Cyprus is $6,700 USD and there are no other payment or investment requirements.Significant discounts are available for families.Residency is obtained in 30 days and citizenship by naturalization after 5 years of residence in Cyprus.

We are have assisted hundreds of customers in the past 9 years obtain legal residency,citizenship and diplomatic passports in more than 25 countries.


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