Cyprus EU passport is so expensive, is it really useful to get a Cyprus passport?

Hello, this road group will answer your questions.

(1) Why is the Cyprus EU passport so expensive?

Most European countries generally recognize dual nationality, convenient travel and dual national treatment, and it is also very convenient to apply among EU member States. So many Europeans have dual citizenship. As a member of the European Union, Cyprus has a very special position in a large number of EU passport applications. At present, it is the only country in the European Union that can immigrate directly without language and residence requirements.

(2) Is it really useful to get a Cyprus passport?

Getting a Cyprus passport is of course useful. Cyprus has very favorable taxes and has signed agreements with more than 40 countries with high taxes to avoid double taxation. Now a new member, Saudi Arabia, has been added to make it easier for overseas investors to allocate assets. In Cyprus, the corporate income tax is 12.5%, which is the lowest among European countries. Moreover, it is also one of the countries with the lowest personal income tax, and the statutory maximum personal income tax rate is 35%.

I hope my answer can help you.