Cyprus Investment Program | Andreas Georghadjis LLC
Cyprus is a European Union member state since 2004 and committed to become a Schengen Zone member within the year 2020. Cyprus citizens are EU citizens and this entails that holders of a Cyprus passport can freely move in the EU, may live and work in any EU country, can incorporate companies in any EU state.
In 2019, Cypriot citizens had visa-free or visa-on-arrival access to 172 countries and territories, ranking the Cypriot passport 7th in the world according to the Visa Restrictions Index.
Cyprus citizens and residents can also benefit from the most favorable tax system is the Union, both for individuals and legal persons. Combined with the numerous double taxation treaties Cyprus tax system becomes even more attractive for high earners. The tax incentives include among others the 48 Double Tax Treaties, the low Corporate Tax (12.5%), the 0% withholding tax on dividends and the fact that Cyprus is an OECD complaint jurisdiction.
Cyprus is also know for the great public educations it offers to its citizens and residents and it’s among the top three countries in Europe in terms of the percentage of GDP spent on education. The high level of the higher and tertiary institutions of Cyprus, the low tuition fees and the fact that most programs of the Cyprus universities (public and private) are offered in English have established Cyprus as a regional education and research center.
- Citizenship programs offered :
- Residence programs offered : Cyprus
- Number of staff : 20-49
- Number of offices : 1-3
- Office locations : Europe
- Investment migration as core business? : no