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Efstathios K. Efstathiou > Articles
19 June
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Unlocking the Cyprus Citizenship Through the Incorporation of Cyprus International Business Company (IBC)

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Cyprus now offers a pathway to residency and citizenship through strategic corporate structuring. The Cyprus International Business Company (IBC) serves as a gateway for entrepreneurs and investors to access immigration benefits, including residency permits and citizenship. In the course of our preparations, we have considered various factors, including the ideal pathway to the Cyprus Citizenship and therefore we wanted to share some important information with you. A Cyprus IBC is designed to accommodate a wide range of international business activities, and it is particularly beneficial when employing non-EU nationals. This structure allows for greater flexibility in terms of hiring employees from non-EU...

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19 June
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The “one day every two years rule” requirement of the Cyprus’ Permanent residency by investment scheme

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The "one day every two years rule" is a crucial component of the Cyprus Permanent Residency by Investment (PRBI) scheme. Under this requirement, individuals who have obtained permanent residency in Cyprus through the PRBI program must ensure that they spend at least one day in Cyprus every two years in order to maintain their residency status. This rule is an important obligation that residency holders must adhere to in order to retain the benefits of their Cypriot permanent residency. The rationale behind the "one day every two years rule" is to ensure that individuals who have been granted permanent residency in...

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19 June
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Cyprus’ Permanent Residency by Investment: A Comprehensive Overview

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Introduction Cyprus has become a highly sought-after destination for individuals seeking permanent residency in Europe through its Permanent Residency by Investment (PRI) program. The program offers an opportunity for foreign investors, entrepreneurs, and their families to obtain long-term residency in Cyprus by making a qualifying investment in the country. Qualifying investments under the Cyprus PRI program can be made in a variety of areas including real estate, business, or government bonds, with each investment option requiring a different minimum investment amount. Let's take a closer look at how the Cyprus PRI program works, its benefits, and how to apply. Eligibility Requirements for Cyprus' Permanent...

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03 April
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Unlocking Immigration Benefits through Cyprus International Business Company (IBC)

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Introduction Cyprus, a captivating island in the Eastern Mediterranean, offers not only a favorable business environment but also a pathway to residency and potential citizenship through strategic corporate structuring. The Cyprus International Business Company (IBC) serves as a gateway for entrepreneurs and investors to access immigration benefits, including residency permits and, in some cases, citizenship. In this article, we will explore how establishing a Cyprus IBC can provide opportunities for eligible individuals to pursue residency and citizenship in Cyprus. Cyprus IBC: A Business Platform with Immigration Incentives A Cyprus IBC is a preferred vehicle for international business activities due to its attractive tax...

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03 April
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The Removal of Data in the Schengen Information System (SIS)

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The Schengen Information System (SIS) is a vital tool used by countries within the Schengen Area to enhance cooperation and facilitate border management. It serves as a shared database for information exchange, including alerts for wanted persons, missing individuals, stolen objects, and more. However, the removal of data from the SIS is equally important to ensure the accuracy and fairness of its functioning. When it comes to the removal of data in the SIS, there are specific procedures and criteria in place that aim to strike a balance between the legitimate interests of individuals and the efficient functioning of the system....

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03 April
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How to Remove your Data in the Schengen Information System (SIS)

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To remove your data from the Schengen Information System (SIS), you must follow specific procedures and comply with the regulations set by the European Union (EU). The SIS is a database that contains information about individuals and objects wanted by authorities in the EU and Schengen associated countries for various purposes, such as law enforcement and border control. If you wish to have your data removed from the SIS, here are the steps to follow: Understand your rights: Familiarize yourself with the data protection laws and regulations governing the SIS. It is important to know your rights and the procedures for...

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25 September
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Work Permit Applications in Cyprus – What You Need to Know

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Introduction Cyprus, known for its vibrant economy and favorable business environment, attracts individuals from across the globe, seeking employment opportunities and career growth. However, before embarking on your professional journey in Cyprus, it is essential to navigate the work permit application process. In this article, we'll provide an overview of the key information you need to know about work permit applications in Cyprus. Understanding the Work Permit System in Cyprus: To legally work in Cyprus as a foreign national, you must obtain a work permit or a temporary residence permit with work authorization. The permit system is designed to regulate the employment...

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25 September
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What You Should Know About Investment-Based Permanent Residency Permit in Cyprus

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Introduction Cyprus, with its thriving economy and favorable business climate, offers a range of investment opportunities for individuals looking to establish long-term residence in the country. One such option is the investment-based permanent residency permit, which grants the holder an indefinite stay in Cyprus. In this article, we explore the key things you should know about obtaining an investment-based permanent residency permit in Cyprus. Investment Categories: There are several investment categories available for obtaining a permanent residency permit in Cyprus: a) Real Estate: One of the most popular options, this category requires a minimum real estate investment of €300,000, which must be maintained...

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25 September
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Stay Ahead of the Curve: Incorporation of a Cyprus Company in 2024

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Introduction The incorporation of a company in Cyprus has become increasingly popular among entrepreneurs, investors, and multinational corporations. In 2024, changes in legislation will further enhance the country's corporate governance and compliance regulations, making it an even more attractive jurisdiction for business incorporation. This article explores the benefits of incorporating a Cyprus company in 2024 and the upcoming changes to the country's legal framework. Why Incorporate a Company in Cyprus? Cyprus is a well-established jurisdiction that offers various advantages for businesses, such as: a) Favorable tax regime: Cyprus has one of the lowest corporate tax rates in Europe at 12.5%, making it an...

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25 September
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Sale and Purchase Agreement in Cyprus: What You Need to Know

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Introduction When engaging in a property transaction in Cyprus, it is crucial to have a comprehensive understanding of the sale and purchase agreement. This legally binding contract outlines the terms and conditions of the property sale and ensures the protection of both the buyer and the seller. In this article, we will discuss the key elements of a sale and purchase agreement in Cyprus, providing you with the information you need to navigate the process effectively. Understanding the Sale and Purchase Agreement: The sale and purchase agreement is a legally binding document that sets out the terms and conditions of the property...

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