Q: Why Cyprus?

A: Cyprus is a member of the European Union and emerged as one of the region's leading business and financial centres, the island enjoys competitive advantages in areas such as tourism, consultancy, shipping, telecommunications, banking, and insurance. Cyprus enjoys a wonderful Mediterranean climate. Apart from the light rainy season between November and March, Cyprus is sunny all the time. Main temperatures range from 42C (80F), during the coldest month of December, to 35C (96F) during the hottest month of August. The weather, however, is not the only attractive feature of the island the Cypriot people are equally famous for the warm and friendly welcome they extend to visitors. Cyprus provides an ideal setting for higher learning, it is no wonder that it has become a major international education centre, attracting scholars and students from all over the world.

 

Q: Why Jinan & Elya Developments (JAEDCO)?

A: Jinan & Elya Developments (JAEDCO) is a new Partner in Quality Group as an investor in various projects. The experience of Jinan & Elya Developments in the Middle East region and the Arabic world alongside with the capabilities of Quality Group prompted both companies to join forces to work exclusively as partners in the region. Jinan & Elya Developments (JAEDCO) and Quality Group guarantee the rental for the property investments of their clients and provide them with following services:

 

  • SALES SERVICES
  • IMMIGRATION CONSULTANCY SERVICES
  • ARCHITECTURAL AND DESIGN SERVICES
  • FINANCIAL AND ADMINISTRATION SERVICES
  • AFTER SALES & PROPERTY MANAGEMENT SERVICES

 

 

Q: How can I get the Permanent Residency?

A: By investing in Freehold residential or commercial property with the minimum of €300 thousands and a deposit in a financial institution in Cyprus of an amount of €30,000 which will remain for three years.

 

Q: How Can I get the Citizenship?

A: Referring to the Council of Ministers of the Republic of Cyprus decision in 2013 Investors can acquire the Cyprus Citizenship by Naturalization, an investor must choose one of the Citizenship investment Plans to get the passport within 90 days, and the minimum of the invested money should be £2.5 Million.

 

Q: Is the process for Citizenship or Permanent Residency long?

A: It’s not a long process for both, as the passports will be issued within 90 days and for Permanent residency the processing time will be between 60 - 70 days for final approval.

 

Q: How does it take to get the Passport or Permanent Residency?

A: Residency: passports will be issued within 90 days. Permanent residency: needs 60 - 70 days for final approval.

 

Q: Does Cyprus allow me to keep my original Citizenship?

A: Yes

 

Q: Is it mandatory to stay in Cyprus for long period after getting the Permanent Residency?

A: No.

 

Q: Am I requested to renew the Permanent Residency after a period of time?

A: No.

 

Q: Is the Investor required to pay taxes on income obtained from abroad sources?

A: No.

 

Q: Am I required to pay any taxes in Cyprus if I don't live in Cyprus after obtaining my citizenship?

A: No.

 

Q: Does an investor, who has obtained citizenship under the Citizenship by investing program, enjoy all the same rights as other citizens (nationals) of Cyprus including the right to move freely, live and work within the area of the EU without any restrictions?

A: Yes.

 

Q: Is the English language widely spoken in Cyprus?

A: Yes.

 

Q: Is Cyprus a member of the European Union (EU)?

A: Yes.

 

Q: Who will manage my investment if am abroad?

A: Jinan & Elya Developments can manage your investment from A to Z by the variety of services that it provides with a direct coordination with you.
Will the Cyprus citizenship automatically grant me European citizenship?
Yes. Because Cyprus is a member of the European Union its citizens are automatically European citizens, which means you are allowed to live, work or study anywhere in Europe.