Cyprus Country Profile
| Capital City | Nicosia (Lefkosia) |
| Population | 1,221,549 (2017 est.) |
| Geographic Location | 35 10 N, 33 22 E |
| Area | 9,251 sq km (including North Cyprus) |
| Language | Greek (Officlal), Turkish (Official), English |
| Currency | Euros |
| Political System | Presidential democracy |
| Legal System | English Common Law, Civil Law of EU |
| GDP | $ 31.19 Billion (2017 est.) |
| GDP per capita | $36.600 |
| National Anthem | "Ymnos eis tin Eleftherian" (1960) |
| Independence Day | 1 October 1960 (from the UK) |
Cyprus Citizenship by Investment Program Information
| CYPRUS Citizenship by Exception | Official Government Website: http://www.moi.gov.cy |
| Investment Type | (Minimum amounts indicated) |
| Real Estate Investment | EUR 2 Million |
| Financial Investment | EUR 2 Million + EUR 500,000 Residence |
| Business Investment | EUR 2 Million + EUR 500,000 Residence |
| Restriction on dual citizenship | No |
| Physical presence requirement | No |
| Estimated Application Fees |
| Government Contribution | EUR 150,000 |
| Government Fees | EUR 7,820 |
| Due Diligence Fees | 0 |
| Passport / PR Card Fees | EUR 120 per applicant / EUR 80 per applicant |
| Bank fees | Varies |
| Consulting Fees | EUR 50,000 - EUR 75,000 |
| Estimated Cost (Donation / Real Estate) |
| Single Applicant | EUR 2,790,000 (inclusive of Consulting, RE Fees) |
| Family of 4 Application (2 children under 18) | EUR 2,900,000 (inclusive of Consulting, RE Fees) |
| Visa free travel number of countries | 171 |
| Residency requirement for citizenship | 7 years |
Cyprus Tax Summary
| Corporate Income Tax | 12,50% |
| Witholding Tax on Dividends (Res./Non Res.) | 17% / 0% (conditions apply) |
| Witholding Tax on Interests (Res./Non Res.) | 30% / 0% (conditions apply) |
| Witholding Tax on Royalties (Res./Non Res.) | 0% / 5% - 10% (conditions apply) |
| Capital Gain Tax | 20% for real estate - 0% for company shares |
| Personal Income Tax (Res / Non Res.) | Progressive up to 35% (first EUR 19,500 exempt) |
| Property Tax / Property Transfer Tax | 0% / 3%-8% (100% exemption if there is VAT on property) |
| Inheritance Tax / Estate Tax | No |
| VAT | 19% |
* This site is for generic information only.
