Information

About Cyprus

Cyprus is an island unique in its location, tax laws, climate and natural resources. Living in Cyprus is good, owning attractive investment real estate and business in its territory is even better.

The easy tax system and investment citizenship programs annually attract businessmen and tourists from all over the world who want to get an EU passport, invest in real estate, and optimize expenses so that the profits of their enterprises and real estate are not unduly taxed.

In March 2014, the Government of Cyprus adopted an amendment to the law, which allows foreign investors to obtain citizenship of Cyprus (EU) and a Cypriot passport through a special state program.
The essence of the program is that the investor invests in the choice of real estate, government bonds of Cyprus or places money on a bank deposit and as a result receives the citizenship of Cyprus for 6 months for the whole family, including the parents of the investor.

2018 promises Cypriots and citizens of other states who have registered their enterprises in the territory of the Republic of Cyprus, living or owning real estate here, good prospects in terms of taxation and investment programs. Taxes in Cyprus provide a lot of benefits and withstand any competition, and the real estate market remains attractive to both Russian citizens and investors from other countries.

In February 2018, the consulting company Knight Frank published a report on popular directions for buying foreign real estate among Russians. Over the past 2 years, interest in Cyprus real estate has quadrupled.

News & Publications
theofanidis llc immigration lawyer cyprus graphic
18 May 2026: Immigration Lawyer Cyprus: A Complete Legal Guide

Cyprus attracts thousands of foreign nationals each year — investors, entrepreneurs, retirees, professionals, and families seeking a stable EU base. For many of them, the first serious decision they make is whether to handle immigration matters on their own or engage an immigration lawyer in Cyprus. The legal framework governing residency, work authorisation, and citizenship is detailed, procedurally demanding, and subject to ongoing regulatory change. The…

Theofanidis LLC graphic about EU Residency through Cyprus.
11 May 2026: EU Residency Through Cyprus: A Complete Legal Guide

Cyprus occupies a distinctive position among EU member states: a common law jurisdiction, a politically stable island of 1.2 million people, and one of the most open and well-established legal environments in Europe for non-EU nationals seeking to build a lawful base within the European Union. For individuals and families from third countries — including Russia, Ukraine, the Middle East, the Gulf States, Asia, and beyond…

Theofanidis LLC about Cyprus Residency for Russian Citizens
04 May 2026: Cyprus Residency for Russian Citizens: A Complete Legal Guide

For Russian citizens considering relocation, Cyprus has long been one of the most accessible and legally established EU jurisdictions. The island’s geographic position, stable legal system rooted in English common law, and trilingual professional environment make it the preferred destination for Russian-speaking individuals and families seeking a secure EU base. Cyprus residency for Russian citizens remains fully achievable in 2026, though the legal landscape has changed…

Theofanidis LLC graphic about Cyprus citizenship by investment.
27 Apr 2026: Cyprus Citizenship by Investment: A Complete Legal Guide

Cyprus has long attracted high-net-worth individuals, foreign investors, and expatriates seeking a foothold within the European Union. The question of Cyprus citizenship by investment remains one of the most commonly asked among international clients — and one that requires an honest, legally precise answer. The Investment Programme that once granted citizenship in exchange for large-scale capital investment was suspended in November 2021. What remains are structured,…