The Cyprus citizenship acquisition is one of the fastest procedures available and usually takes six months to completion. The passport holder can then benefit from various advantages such as free travel to 180 countries, free move of capital, live and work under the umbrella of EU.
Many international businesses are relocating in Cyprus to setup a company, a branch, a holding company or other structures like partnerships and trusts. There are many factors that make Cyprus an attractive environment for doing business.
For wealthy individuals CY passport offers business opportunities, tax advantages, a gateway to a different lifestyle, opportunities to work or travel around the world without any restrictions.
The local tax favors high net worth individuals, investors, or entrepreneurs who want to setup a startup or relocate with their families or businesses due to the various tax benefits.
The last few years international enterprises from various sectors have relocated and now operate under the European standards via Cyprus, enjoying security and at the same time attractive tax legislation.