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Advantages and disadvantages of Cypriot citizenship: what should you know?

Advantages and disadvantages of Cypriot citizenship: what should you know?

Advantages and disadvantages of Cypriot citizenship: what should you know?
  • What are the pros and cons of obtaining citizenship in Cyprus?
  • How to obtain citizenship and a visa in Cyprus: options and requirements
  • What are the changes in the program for obtaining Cypriot citizenship through investment?
  • How can foreigners obtain permanent residency in Cyprus?
  • Cyprus: the perfect place for seaside living and luxury real estate
  • How to choose the perfect property in Cyprus: Limassol and Paphos
  • Real estate in Cyprus: great offers for living and investment
  • How can foreigners obtain residency and citizenship in Cyprus?
  • How to obtain citizenship in Cyprus: requirements and necessary documents
  • What do you need to know about the reasons for the denial of Cypriot citizenship?

Pros and cons of citizenship in Cyprus

Obtaining citizenship in Cyprus is an important and relevant topic that requires an understanding of both the advantages and disadvantages, as well as an exploration of various pathways to achieve this status. Cyprus, with its unique international environment, significantly facilitates the adaptation process for new residents. According to information from the end of 2018, there were over 155,000 foreigners with permanent residency on the island, accounting for approximately 17.8% of the total population. The Russian community plays a particularly notable role in this context, with around 50,000 individuals, making up nearly one-third of the entire foreign population. By the end of 2019, Russians became the main buyers of real estate, accounting for an impressive 40% of all transactions in the market.

Why do residents of Russia choose Cyprus?

What attracts the residents of Russia to this picturesque island? The reasons why many seek to obtain citizenship in Cyprus are quite diverse and are not limited to its beautiful landscapes and favorable Mediterranean climate.

  • Visa-free entryin more than 170 countries around the world thanks to the Cypriot passport.
  • The right to life and workin any country in Europe.
  • High quality of educationthat especially attracts families with children.

Disadvantages of citizenship in Cyprus

Despite the many advantages of Cyprus, it is important to consider the existing drawbacks. High minimum investment requirements for participation in citizenship programs, as well as the necessity of owning residential property, can pose a significant barrier for some interested individuals. Those who are not ready to invest large sums will face the difficult decision of repeatedly extending temporary visas, which requires a long stay on the island, as well as learning the Greek language to pass exams.

The process of obtaining citizenship

As for the process of obtaining citizenship, it should start with obtaining a temporary residence permit (TRP). This document, commonly referred to as the "pink card" in everyday life, has three main categories: work, student, and guest (which does not allow for work). The temporary document is issued for one year and can be extended if its holder has regularly stayed in Cyprus for at least 180 days and has been absent for no more than 90 days. After five years of living in the country, it is possible to move on to the next stage.

Permanent residence permit

Permanent residency (PR) is divided into categories depending on citizenship, length of residence, and grounds for obtaining it. In particular, for citizens of European Union countries, there is a "yellow card," as well as a long-term visa that is granted after five years of residence and allows free movement across EU countries. Additionally, an immigration visa is available for citizens of third countries, including Russians.

Conclusion

In conclusion, it is worth emphasizing that Cyprus offers numerous opportunities for citizens wishing to relocate. However, each step requires careful analysis and preparation to minimize risks and complexities. Therefore, a thorough study of all available ways to obtain citizenship and an understanding of one's rights and obligations are crucial factors for successful integration into Cypriot society.

Categories of visas in Cyprus

In Cyprus, there are several categories of visas designated by the letters a, b, c, d, and e, which are associated with different types of employment. The letter f indicates the absence of a work permit.

The process of obtaining permanent residency

For investors seeking permanent residency, a simplified process is available provided they purchase real estate worth at least 300,000 euros.

Citizenship of Cyprus

As for obtaining citizenship in this country, the standard residency period is seven years. However, if the applicant is married to a citizen of Cyprus, they can apply for citizenship after just three years of living together. There are options available that can significantly shorten this process through various investment programs.

Information resources

To stay informed about all the opportunities related to immigration and obtaining citizenship in Cyprus, including aspects related to real estate and investment activities, you can subscribe to a specialized Telegram channel.

Investment program

The investment program, in operation since 2013, offers the opportunity to obtain Cypriot citizenship for the whole family in just one year. During its operation, Cyprus has attracted over 6 billion euros from foreign investors.

Investment options

Candidates for the program have access to various investment options:

  • The minimum amount required to obtain citizenship through new buildings or construction projects is at least 2 million euros.
  • In the case of choosing other options, such as housing for personal use, the investor will need to contribute at least 500,000 euros.

Other investment opportunities

Among the potential opportunities, there are also:

  • Investments in commercial real estate.
  • Secondary market.
  • Land plots for construction.
  • Shares of Cypriot companies and mutual investment funds.
  • Starting your own business.

However, it should be noted that regardless of the chosen option, a charitable contribution of 150,000 euros will have to be made to two government funds.

Terms and conditions

All investments must remain in capital for at least five years, after which they can be realized, although the passports remain valid. An exception is personal property, which must remain in ownership for a lifetime; its sale is only possible if it is replaced with similar real estate worth at least 500,000 euros.

Approval of changes

It is important to note that any changes to the investment package during the five-year period require approval from the Ministry of Finance. Before submitting an application, all program participants must first obtain a Schengen visa.

Verification of reliability

It should be noted that all applicants for citizenship by investment undergo a thorough reliability check. If citizenship is denied in other European Union countries, such as Malta, participation in the Cypriot program will not be possible.

Family members of the main applicant

Family members of the main applicant also have the right to apply for citizenship. This can include not only spouses, including civil partners, but also:

  • Minor children.
  • Dependent adults (up to 28 years old).
  • Parents.

Restrictions on the number of passports

Since 2018, the Cypriot authorities have imposed restrictions on the number of passports issued through investment, introducing a quota of no more than 700 sets of documents per year for investors.

Advantages and disadvantages of Cypriot citizenship: what should you know?

Since its launch in 2013, the initiative to obtain Cypriot citizenship through investment has undergone numerous changes and revisions. This article provides an overview of the latest developments, as well as recommendations and explanations regarding the process of obtaining citizenship in Cyprus. To date, for those seeking a second citizenship, Cyprus and Malta are the main options.

Changes in the citizenship acquisition process

The process of obtaining citizenship through investment in Cyprus has undergone significant changes. To better understand the existing conditions of the program, it is important to refer to the information available on the official government website. In 2020, changes regarding the conditions of the program were announced, which raised concerns among European regulatory authorities.

Suspension of the program

The situation became more complicated after the Cypriot authorities decided in February 2019 to develop a new bill by the end of January the following year, which would establish stricter rules for potential investors. However, despite the stated intentions, no significant steps were taken over the year. This allowed some members of parliament to express opinions about the possible suspension of this program and the improper handling of applications submitted after the specified deadline.

Continuation of the review of applications

Nevertheless, a complete termination of the program is unlikely to happen in the near future. At the beginning of this year, the review of applications submitted back in 2019 continued, but was delayed due to the exhaustion of limits. It is expected that by the end of this process, the parties will be able to reach a consensus. Currently, new applications are still being accepted, which are being analyzed in light of the changes implemented in 2019.

Ways of obtaining citizenship

One option for obtaining citizenship in Cyprus is to invest in real estate. By spending an amount starting from€300 thousandYou can obtain Cypriot citizenship. Initially, buyers receive permanent resident status (Category F) through a simplified procedure, and after seven years, they can apply for citizenship through naturalization.

Conditions for obtaining a residence permit

As for the conditions for obtaining a residence permit through real estate acquisition, the amount can be invested:

  • in one residential property,
  • in two residential properties,
  • into one residential and one commercial property.

At the same time, such properties must be new, purchased directly from the developer.

Rules for new property owners

It is also worth noting that newcomers in the role of owners do not have the right to legally work in Cyprus. This aspect of the program is quite important. The candidate must confirm their financial viability by providing documents regarding their income, which must be no less than€30 thousandper year from outside Cyprus. This amount increases by:

  • €5 thousandper year for each child,
  • €8 thousandfor each parent.

In addition, each adult participant must sign a statement confirming that they have no intentions of engaging in employment in Cyprus.

Reputational requirements

Furthermore, participation in the program is only allowed for those who have an unquestionable reputation: all adult candidates must present certificates of no criminal record and confiscations in the countries of the European Union. This emphasizes the importance of adhering to legal standards for participation in the program and obtaining citizenship.

Conclusion

As a result, the Cyprus citizenship by investment program remains in demand despite all the changes, and it offers numerous opportunities for investors willing to consider this route.

Permanent residence (PR) in Cyprus

On the island of Cyprus, foreigners choosing various paths for immigration have the opportunity to instantly obtain permanent residency status, which does not require further renewal and is valid for life.

This status allows you to stay in Cyprus without time restrictions, making both permanent residence and periodic visits to the island every two years possible. However, it is important to note that free movement within the Schengen Area is not possible without a visa.

There is also a serious restriction on employment: work is prohibited for holders of permanent residency. However, they can earn passive income from a business registered in Cyprus.

Ways to obtain citizenship and permanent residency

There are several ways to obtain investment citizenship or permanent residency on this picturesque island:

  • Education:Many young people choose Cyprus for higher education. First, they obtain a temporary residence permit, which can be converted into a work permit after graduation.
  • Work:Relocation through employment is possible with a contract with the employer and a work permit.

Studying in Cyprus

After five years of living in Cyprus, one can apply for permanent residency, and after seven years, for citizenship. It is important to note that the temporary residence permit for students is tied to a specific educational institution. If you change universities, you must restart the immigration process by contacting the immigration services.

In some educational institutions in Cyprus, there is an option to work, but not more than part-time. There is also the possibility of obtaining a temporary residence permit for minor students and their parents, who will act as guardians.

Employment in Cyprus

For those who wish to move to Cyprus through work, there are several options that require relatively less financial investment. The main condition is obtaining a work permit and having a contract with an employer.

First, the foreigner goes through an interview and signs an employment contract. Then, the employer submits an application to the migration department for a work permit, confirming that there were no suitable candidates among local residents.

If the decision is positive, the foreigner receives a visa, and upon arrival in Cyprus, a temporary residence permit known as a pink slip. To extend this document, it is necessary to confirm the payment of all taxes and prepare the required documents for the Ministry of Labor. If everything goes well, a new temporary residence permit will be issued.

After five years of living on the island, you can apply for permanent residency, and after seven years, for citizenship.

Buying real estate

When aiming for permanent residence in Cyprus, an important aspect is the question of acquiring real estate. For example, an interesting option could be investing in an apartment worth 3.9 million euros in Limassol.

This stunning four-room apartment is part of the sunny coastal complex Marina, which combines luxurious living spaces with modern yacht docks. The complex features numerous restaurants, shops, as well as a new spa and fitness club, offering its residents a unique lifestyle and high quality of life.

Cyprus: a paradise for lovers of life by the sea

Considering the influence of "life by the sea," this magnificent offer encompasses a variety of real estate options in Cyprus. A modern complex with apartments priced at €650,000 is conveniently located in Limassol. Each of these units has an area of 121 m² and is perfect for a comfortable Mediterranean lifestyle.

The complex consists of 30 luxurious apartments located in close proximity to the shore, providing its residents with style and convenience in an urban environment. Clients can choose from one or two-bedroom apartments, as well as exclusive three-bedroom penthouses with their own spa pool, making each offering uniquely exceptional.

Intermark Global Villa in Paphos

The charming property called Intermark Global is priced at €1,680,000 and features a magnificent villa in picturesque Paphos. This residence, consisting of four bedrooms and located on the scenic hills of the Tala area, has been meticulously designed to provide panoramic views from every room.

It harmoniously combines the natural surroundings with modern design, using glass structures to enhance the interaction between the interior and exterior spaces.

Penthouse in Paphos

A penthouse is also available in the Paphos area for €650,000. This residential unit, covering 144 m², is perfect for a modern style interior and includes five rooms and three bathrooms.

There are a number of amenities available here, including:

  • private jacuzzi on the terrace;
  • covered parking;
  • concierge services.

The penthouse is hidden behind a cleverly designed layout that allows for efficient use of natural light and creates a sense of spaciousness.

Three-story cottage in Paphos

A wonderful option is a three-story cottage in Paphos, priced at €400,000. This house has an area of 133 m² and offers all the amenities for comfortable living, including:

  • solar panels for water heating;
  • air conditioners.

On the first level, there is a living room with a kitchen and a bathroom, on the second floor there are three bedrooms and two bathrooms, and the third floor is designated for an office. This cottage is also offered with furniture.

Spacious apartment in Limassol

A spacious 100 m² apartment is available in Limassol, priced at €364,800. This two-bedroom apartment is part of an elite project and radiates elegance.

They include a private garden of 55 m² and a covered terrace of 17 m², which offers a picturesque view of the pool and the well-maintained grounds of the complex. The apartment is located to the southwest of the historic part of Limassol, making it an ideal place to live.

Villa with a sea view

Don't miss the opportunity to explore this villa for €1,240,000, offering 165 m² of well-appointed space with three bedrooms and three bathrooms, as well as stunning sea views.

Luxurious offer in Zakaki

And finally, one of the most luxurious offerings is a new villa in Limassol for €2,800,000, which is an original commercial building with an area of 500 m², located in the well-known Zakaki area. This two-level structure includes underground parking and office spaces, creating the perfect conditions for work and life in picturesque Cyprus.

Real estate in Limassol

The property we are presenting is located near the new Limassol casino and has convenient access to major transport routes. On the first level of this building, you will find a well-prepared space, fully equipped with both cosmetic and medical equipment.

Apartment from Blue Sky Houses in Limassol

The company Blue Sky Houses offers you a three-room apartment in Limassol for the price of640,000€This recently renovated apartment has an area of180 m²It is located in the very center of the tourist area of Hermasía. It is furnished with new furniture and equipped with modern appliances, as well as a high-quality air conditioning system.

The appeal of this apartment is significantly enhanced by its location: you can reach the beach in just a few minutes, making it a particularly valuable purchase.

Apartment in Paphos from Blue Sky Houses

In addition, a two-bedroom apartment from Blue Sky Houses is available in Paphos at the price of345,000€Its area is72 m²This property provides comfortable living for a small family. When purchasing this property, you have the chance to obtain a residence permit.

The complex where the apartment is located offers high-class living conditions and quality service, allowing you to enjoy all the benefits of comfort.

All the necessary amenities are within walking distance, which significantly simplifies life. The residential area is known for its safety and tranquility, which is an important factor for peaceful living.

Apartment in Paphos from Mercury Group

There is also an apartment in Paphos from the Mercury Group, which is priced at420,000€The area of this apartment is90 square metersand it includes two bedrooms with the possibility of obtaining a residence permit.

The residential complex offers its residents a unique level of comfort and service, as well as a wide range of amenities at their fingertips.

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The tranquil atmosphere fosters the perfect conditions for relaxation and hobbies.

Luxury apartments in Limassol

If you are looking for more luxurious options, it's worth considering the apartments in Limassol from Mercury Group at the price.1,100,000€These apartments have an area166 m²They offer two spacious rooms, as well as the possibility of obtaining a residence permit.

Additionally, at Blue Sky Houses, you can purchase apartments with an area of113 m²for660,000€that will provide you with a high level of comfortable living.

Villas in the Karşıyaka region

We are also pleased to offer you villas in the picturesque area of Karshiaka, with prices starting at459,000€The villas are located in a new complex that was built inin the year 2023and offer various layout options:

  • 3+1 (180 m²)
  • 4+1 (300 m²)

Located just in600 mfrom the sea, they are perfect for both permanent living and summer vacations for a large family. Karşıyaka is a suburb of Kyrenia, located just20 kmDon't miss the opportunity to complete a remote transaction, including payment in cryptocurrency, which will significantly simplify the purchasing process.

Villas in the Mandria area, Paphos

Another option is villas in the Mandria area of Paphos, priced at360,000€Each residence offers spacious outdoor areas and cozy covered verandas, creating the perfect conditions for family time in a natural setting.

Mandria, known as the green plain, lives up to its name thanks to the variety of greenery. These residences are just a few steps away from the wonderful sandy beaches, restaurants, and shops, making them an irresistible choice for those who wish to enjoy harmony with nature and all the delights of life in Cyprus.

Your dreams of a stylish and comfortable life at this magnificent resort can become a reality!

Apartments in Larnaca

In Larnaca, Cyprus, there is an interesting offer - apartments priced at €255,000. This unique project covers an area of 101 m² and includes 2 bedrooms with 2 bathrooms. The property is located in a quiet and secure area, allowing you to enjoy the tranquility and beauty of the surrounding nature. The complex consists of three floors and includes five carefully designed apartments with various layouts of 2 and 3 bedrooms, as well as one commercial space, making it suitable for those who appreciate comfort and modern style.

Villa in Famagusta

In Famagusta, Cyprus, a villa is for sale for €542,000. The total area of this house is 153 m², and it is designed for living in 3 bedrooms with 3 bathrooms. A unique feature of this villa is the possibility of obtaining a residence permit upon purchase.

It is located in the charming and peaceful area of Pernera, not far from Protaras, where residents can enjoy:

  • the variety of urban entertainment
  • magnificent beaches
  • a calming atmosphere
  • numerous restaurants
  • opportunities for water sports

Apartments in Limassol

In Limassol, there are also apartments available for sale, one of which is offered for €777,000. It has an area of 86 m² and includes 2 bedrooms, providing unusual living conditions. This club house consists of a limited number of 16 high-quality apartments and luxurious penthouses with spacious terraces.

The project is located in the heart of the tourist area of Limassol, making it an ideal place for both living and investment.

Additional offers in Limassol

Additionally, there are apartments in Limassol priced at €875,000, covering an area of 165 m² and featuring 3 bedrooms. An alternative is the option to purchase a house in Cyprus for €1,701,179, with a total area of 139 m² and 3 bedrooms, as well as the possibility of obtaining residency.

This unique property is located on the front line in Esentepe, on the eastern coast of Northern Cyprus, in one of the most attractive areas, providing access to the stunning natural beauty of the region. The project consists of:

  • 8 villas
  • 72 apartments

This offers a wide range of living options for the most discerning buyers.

Business immigration

It is important to note that business immigration is gaining popularity as a way to move to Cyprus, thanks tofavorable tax conditionsthat make this country attractive to foreign investors. Foreigners conducting business in Cyprus can apply for permanent residency (PR) depending on their income and area of activity.

This visa can then be converted into citizenship, making it particularly attractive for entrepreneurs. To successfully obtain it, they will need to confirm the presence of assets amounting to at least€250,000 to €500,000.

Startup visa program

Since 2017, Cyprus has had a startup visa program that grants residency to entrepreneurs working on highly innovative projects. The conditions for obtaining this visa can be found on the official website of the government of Cyprus.

Situation for retirees

Unfortunately, there are currently no special programs for retirees that simplify the relocation process, which creates certain difficulties for this group of people. This situation requires additional attention and possible changes to make life easier for retirees who wish to move to sunny and peaceful Cyprus.

Options for residence permits for elderly foreigners

In practice, elderly individuals who decide to permanently reside in Cyprus often choose a temporary permit for one year, a permanent permit (category F) for those who are financially independent, or an option related to purchasing real estate worth at least 300,000 euros.

There is also the possibility to include parents in the application for citizenship through investment, provided that an additional property or apartment worth at least 300,000 euros is offered. It should be noted that the right to permanent residency through real estate purchase is only allowed when acquiring a new property priced at a minimum of 300,000 euros, excluding VAT.

Obtaining a temporary residence permit through marriage

Special attention is given to marital relationships. Having a valid marriage certificate allows a foreigner to obtain a temporary residence permit for a period of one year, which can subsequently be extended.

After three years, provided that a number of requirements are met, one can apply for citizenship. However, the candidate must have been residing in Cyprus for at least two years. Despite the fact that the country's legislation is quite lenient, the authorities are actively combating sham marriages. The applicant is required to actually live on the island on a permanent basis.

Citizenship for children

If both parents are citizens of Cyprus, their child automatically receives Cypriot citizenship. If one of the parents is Cypriot, the child can also apply for citizenship of that country. This rule also applies to adopted children.

Citizenship can also be granted to adults who were born outside of Cyprus after August 16, 1960, if at least one of their parents is a citizen of Cyprus.

Status of a refugee and obtaining citizenship

Cyprus, like other European Union countries, is obligated to accept refugees according to established quotas. However, obtaining citizenship through this process is quite challenging: one must convincingly demonstrate that there is a threat to the person's life in their home country.

Based on this, one can obtain refugee status, which facilitates further steps. For this, the following is required:

  • to live for five years with refugee status;
  • At the end of this period, if the commission determines that returning to the country of origin remains dangerous, a permanent residence permit will be issued.
  • After seven years of living with this status, one can apply for citizenship.

Citizenship for people with outstanding achievements

Individuals who have achieved significant success and made a substantial contribution to the development of Cyprus are also eligible for citizenship. This usually applies to those who have made serious economic investments in the country.

If a foreigner has legally lived in Cyprus for seven years, obtained permanent resident status, and has not committed any offenses, they can apply for citizenship at the end of this period.

Thus, Cyprus offers a variety of pathways for different categories of citizens who wish to become a part of it.

If you have legally resided in Cyprus for seven years, which means at least 2555 days, you have the right to apply for citizenship. The citizenship application process in Cyprus involves many necessary steps and alternative ways to submit documents. The main institution responsible for reviewing such applications is the Immigration Service of the Republic of Cyprus. Additionally, for those who choose the route of investment citizenship, there are licensed companies that professionally handle the process. Therefore, when consulting real estate agents or financial advisors, be sure to check for the necessary licenses.

Conditions for obtaining citizenship

The Republic of Cyprus pays special attention to candidates applying for citizenship who demonstrate lawful behavior and a level of financial well-being. This means that your chances of successfully obtaining citizenship significantly increase if you meet the following conditions:

  • Has an impeccable reputation:the absence of legal issues both in your country and in the countries of the European Union, and the absence of property seizures.
  • You strictly followed the immigration rules of Cyprus.and spent the required time in the country.
  • Do you have a stable income?and my own housing on the island.

List of required documents

Prepare a set of documents that you will need to apply for citizenship. However, keep in mind that the list of required papers may vary depending on the method of obtaining citizenship.

Among the required documents, there should be:

  • Foreign passport and internal passport.
  • Completed application form (form M127).
  • Birth Certificate.
  • Marriage certificate (if applicable).
  • Certificate of no criminal record.
  • A bank statement confirming your financial status (not applicable for investors).
  • Health insurance policy.
  • Certificates for completed tests (if necessary).
  • Confirmation of paid state duties and fees.
  • Proof of your residence in Cyprus (for example, a rental or purchase agreement).
  • Documents confirming your legal stay on the island.
  • Photos that meet the standards.
  • Two publications in the local Cypriot newspaper about your intention to apply for citizenship.

Additional requirements and interview

Depending on the grounds for the application, other documents may be required, such as a certificate of ownership of the property. All collected papers are submitted to the immigration and civil service of Cyprus. The main requirement is that all documents must be in Greek or English. For documents in Russian, a certified translation must be made, and the issue of an apostille must be resolved.

After submitting an application, candidates go through an interview process. During this, simple questions are asked to assess how well you integrate into Cypriot society. For example, you might be asked, "Who is the president of Cyprus?" or "Do you have any Cypriot friends?". Successfully passing the interview is an important step towards obtaining citizenship. However, investors are an exception and may not have to undergo language and cultural testing.

Reasons for denial of Cypriot citizenship

The reasons for which one may be denied Cypriot citizenship are varied and have a significant impact on the final decision. There are different circumstances that can lead to a negative outcome. For example, if a person has criminal convictions or is subject to criminal prosecution in their own country, in Cyprus, or in other countries, this can be grounds for refusal. This is especially critical in cases where the candidate has already faced difficulties obtaining citizenship in other European Union countries, such as Malta.

Sanctions and their impact

It is also important to remember that the presence of sanctions at the EU level or from countries such as the USA, Ukraine, or Russia can negatively affect the chances of obtaining citizenship. If the applicant has connections with companies that are under sanctions, this can also be a reason for denial. This category includes not only shareholders but also managers of these organizations who are subject to restrictions.

Financial transparency

One of the common reasons for denial is the lack of clarity regarding the sources of funds. Financial institutions and government agencies rigorously verify this information, and insufficient transparency can be critically important for the final decision.

False information and reputation

It is important to keep in mind that providing false information or using forged documents significantly reduces the likelihood of successfully obtaining citizenship. Even small mistakes in the submitted documents can be grounds for denial. Additionally, a negative reputation of the applicant and the appearance of their name in a negative context in the media can adversely affect the matter at hand. Furthermore, insufficient grounds for obtaining citizenship is another reason that may lead to a denial.

Actions after refusal

If you have faced a denial, you have the option to appeal. However, it is important that such actions make sense only in situations where the violations are minor. For example, when the application was filled out partially or there were small errors in the documentation for health insurance.

Second citizenship

Regarding dual citizenship, it is important to emphasize that obtaining a Cypriot passport does not require renouncing an existing passport from another country. Thus, a person can become the holder of a second passport; however, all countries will regard them solely as their citizen, not recognizing dual citizenship.

Exit from citizenship

The Cabinet of Ministers of Cyprus is making a final decision on the renunciation of citizenship. Citizens have the opportunity to apply for renunciation, but such a decision may be rejected, especially if there is suspicion that this step was taken to avoid military service or other obligations. If native Cypriots break the law or display inappropriate behavior, their Cypriot passport may be revoked.

Loss of citizenship

Moreover, there is a risk of losing citizenship if a person does not appear in the country for more than two years. However, as recent events have shown, when 26 foreigners, including nine Russians, were stripped of their citizenship, it is completely impossible to revoke a passport solely due to a minor misunderstanding in the documents. During the official proceedings, it became clear that the legislation does not allow for such practices.

Tax residency

When it comes to tax residency in Cyprus, it is important to understand that having a residence permit or citizenship does not automatically make a person a tax resident. To qualify, one must spend more than 183 days on the island within a year. This is why it is crucial to thoroughly study the process of obtaining citizenship and understand all possible consequences and factors that may affect its success.

Conclusion

In conclusion of my research on Cypriot citizenship and the opportunities associated with obtaining it, I want to emphasize that this process, although complex, opens up new windows of opportunity for many. The advantages of Cypriot citizenship are clear: it not only provides access to quality education and healthcare services but also allows visa-free travel to over 170 countries. It is also important to remember that Cyprus is not just a place to live, but a true cultural bridge between the West and the East, where different traditions and lifestyles intersect.

Drawbacks and challenges

Nevertheless, let's pay attention to the downsides. The process of obtaining citizenship can require significant financial investments and time, which may not be suitable for all applicants. High investment requirements, as well as the necessity of permanent residence on the island, can pose obstacles for those who are not ready for long-term commitments. Expectations and reality may not align, and it is important to approach every detail carefully to avoid unpleasant surprises in the future.

Recommendations

I hope this article has been helpful for those considering the possibility of moving to Cyprus. It is important to take into account all aspects, both positive and negative, in order to make an informed decision. Citizenship in Cyprus can be the beginning of a new life in one of the most picturesque countries in Europe, but it is essential to understand that the path to it requires preparation and an understanding of all the nuances.

  • Advantages of Cypriot citizenship:access to quality education, medical services, and visa-free travel to 170 countries.
  • Disadvantages:high financial requirements and the need for permanent residency.
  • Recommendations:to consult with specialists and thoroughly explore all options.

Therefore, if you are planning this step, I strongly recommend consulting with specialists in immigration law and thoroughly exploring all options to choose the best path for yourself and your family.

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