Astons Client Became Tax Resident of Cyprus and Received Cypriot Citizenship

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Immigration company Astons has a 30 years’ track record of facilitating second citizenship to foreign investors from across the globe. This time, Astons congratulates its client who took the express path to become a tax resident of Cyprus and successfully received the country’s citizenship later on.

 

In the first meeting, the client told Astons that she was considering a change of tax residency. ‘I’m a professional trader. I’ve been trading securities on the stock exchange for 17 years’, comments Svetlana, a Russian national. ‘Since the deals yielded tangible income, I was willing to lower the tax pressure. I’ve reviewed multiple options and addressed the Astons experts who informed me of the express procedure of gaining tax residency in Cyprus. It turned out that one can become a tax resident of Cyprus in just 60 days’. 

 

On learning about this opportunity, Svetlana made a decision to relocate to Cyprus. ‘I got enthusiastic about the idea: Cyprus offers perfect weather, beautiful sea, quality products - and no taxes on securities dividends. What else can one ask for?’ said Svetlana. ‘I became a tax resident of Cyprus and, after 8 months, a Cyprus citizen. Thanks to Astons, everything worked in flying colours. I sincerely recommend the team of Astons lawyers!’

 

According to the laws of Cyprus, a person residing in the country for at least 60 days in a calendar year and meeting the immigration requirements can become a tax resident of Cyprus. The Cypriot citizenship unlocks visa-free access to 173 countries and enables relocation to any EU country and the UK. The citizenship of Cyprus can be processed in just 180 days. 

 

Astons is a leading global immigration advisory firm with offices in London, Beijing, Moscow, Dubai and Limassol (Republic of Cyprus) and offers residency & citizenship investment solutions worldwide including UKTurkeyVanuatuEU & the Caribbean

 

For further information or to discuss your personal circumstances in a private consultation, please contact Astons at info@astons.com or call +44 207 292 2977