UK nationals can benefit from the Cyprus Government provisions to secure their residence rights and at the same time keep their EU rights. Cyprus already has more than 80.000 Britons residing and this number is expected to grow in the next two years according to experts.
The location, the personal and corporate tax, the great climate and beaches, the EU umbrella, the marine and business hub, the high quality of education are some of the reasons families from all around the world choose Cyprus to reside.
Every physical person who settles in the republic has to obtain a Cyprus Tax Identification Number. The acquisition of Cyprus Tax Identification Number is a simple process and usually takes 1-2 days to completion.
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.
Cyprus tax applies some exemptions on the income tax for physical persons thus making the country an attractive destination for professionals and entrepreneurs willing to operate from Cyprus.
The program allows entrepreneurs or a team from countries outside of the EU and the European Economic Area to reside in Cyprus with the purpose of establishing, operating and developing their startup with a great growth potential under the EU umbrella.
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