In late 2011, the Council of Ministers of the Republic of Cyprus laid down criteria and conditions for the naturalisation of foreign investors and entrepreneurs by exemption. Since then, Cyprus has entered into the competitive field of residence and citizenship planning. Citizenship by investment, the term widely coined for accelerated investment schemes that lead to alternative citizenship and a second passport with limited residency requirements, aims predominantly to entice foreign investors, entrepreneurs and high net worth individuals (HNWIs).
L. Papaphilippou & Co
Associate
L. Papaphilippou & Co
Cyprus
The reasons for obtaining an alternative citizenship and seeking residence solutions are many and the demands of today’s globalised world constantly keep adding to that number.
Whether it be to ensure a better quality of life and education, access to medical facilities, a back-up plan for times of political unrest, fiscal cliffs and estate planning, or to facilitate investment and banking privacy, dual citizenship, passport and visa-free travel are nowadays ever more important for international clients and their families.
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Nick Tsilimidos is an associate at L Papaphilippou & Co in Cyprus
17 Ifigeneias street
2007 Strovolos, P.O. Box 28541
2080 Nicosia, Cyprus
电话 Tel：+357 22 27 10 00
传真 Fax：+357 22 27 11 11
电子邮件 E-mail：info@papaphilippou.eu
Nick Tsilimidos
电子邮件 E-mail：nt@papaphilippou.eu
www.papaphilippou.eu
