CYPRUS BUSINESS IMMIGRATION PROGRAM – LEADING TO CYPRUS CITIZENSHIP IN 3-4 YEARS
Relocating to a European Union (EU) country while leveraging your business and investment acumen is a dream for many entrepreneurs and executives. The Cyprus Business Immigration Program offers a seamless pathway to achieving this goal by granting residency and work permits to eligible applicants, ultimately leading to Cypriot citizenship within 3-4 years.
What is the Cyprus Business Immigration Program?
The Cyprus Business Immigration Program is specifically designed to attract businesspeople and their families who are genuinely committed to relocating and contributing to the Cypriot economy. This program caters to individuals seeking to:
- Establish or expand their business in Cyprus
- Obtain a European Union passport
- Enjoy the benefits of living and working in an EU country
This program is ideal for business owners, senior executives, middle management professionals, and investors.
Key Features of the Program
- Temporary residency permits for applicants and their families
- Permission to live and work in Cyprus
- Renewable residency permits every two years (provided the business remains active)
- Eligibility to apply for Cypriot citizenship after 3-4 years
Step-by-Step Process
The program is straightforward and involves the following steps:
- Establish a Cyprus Company
Applicants must set up a Cyprus-based company that will serve as the foundation for their residency application.
- Register the Company as a Foreign Interest Entity
Key requirements for registration include:
- Foreign Shareholding: The company must have at least 51% foreign ownership.
- Investment: A minimum of €200,000 must be allocated to the company. This amount is not required to be paid immediately. By registering the company with a share capital of €200,000, applicants have 1-1.5 years to fulfill this obligation.
- Office Space: The company must maintain offices in Cyprus. Office space can be rented through local firms, including our own.
- Apply for Residency and Work Permits
Residency and work permits can be granted to shareholders and key personnel. Key requirements include:
- Employees must earn a minimum salary of €2,500 per month.
- Employer’s liability insurance and other supporting documents are necessary.
- Apply for Residency Permits for Family Members
Residency permits can also be extended to immediate family members, including spouses and children. Notably, the spouse of the applicant is allowed to work in Cyprus.
- Maintain Active Residency
Residency permits are renewable indefinitely as long as the company remains operational.
- Apply for Cypriot Citizenship
After residing in Cyprus for 3-4 years under the program, applicants become eligible to apply for Cypriot nationality, granting them all the privileges of EU citizenship.
Why Choose Cyprus?
Cyprus offers a wealth of advantages for individuals and families relocating under this program:
- Strategic Location: Positioned at the crossroads of Europe, Asia, and Africa, Cyprus provides excellent access to global markets.
- Favorable Tax System: Cyprus has one of the lowest corporate tax rates in the EU and offers numerous tax incentives.
- High Quality of Life: Renowned for its safe environment, excellent healthcare, and vibrant culture, Cyprus is an ideal destination for families.
- EU Benefits: As an EU citizen, you gain the right to live, work, and study anywhere in the European Union.
Ready to Begin Your Journey?
If you’re an active businessperson considering relocation, the Cyprus Business Immigration Program provides an exceptional opportunity to unlock European residency and citizenship. From establishing your company to navigating the application process, our experienced team of immigration lawyers in Cyprus is here to guide you every step of the way.
Contact Indian Immigration Lawyer Prashant Ajmera today to start your journey toward European residency and citizenship! Mo: +91 9974253030 | Email: info@ajmeralaw.com | www.ajmeralaw.com
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