UGLOBAL . COM
77 others choose to acquire a second home or a holiday home to enjoy with friends and family . Many individuals choose to relocate to Cyprus and become tax-residents of the country , enjoying an advantageous tax system . The PR enables them to stay in Cyprus during the required minimum period of 183 or 60 days within a year so as to obtain and maintain the tax residency , as the case may be , while at the same time they can enjoy a beneficial Non-Dom tax residency status .
APPLICATION TIMELINE FOR RESIDENCY
According to the provisions of the amended scheme , the examination of an application which is duly submitted takes two months to be completed . As the Cyprus PR has proven to be popular among citizens from around the world , the increased number of submitted applications has caused delays in the examination . As such , the timeframe has been currently extended up to five months from the time of the submission of a completed application .
HOW TO GET CYPRUS CITIZENSHIP
Holders of the Cyprus PR who relocate to Cyprus and reside in the country continuously for a period of 5 years , may apply for the Cyprus citizenship .
ELENI DRAKOU
Eleni Drakou is a senior associate and the director of business development of the law firm of Michael Kyprianou & Co . LLC in Cyprus . Drakou specializes in immovable property law and assists international and local clients with their real estate matters in Cyprus . She often represents clients in real estate agreements , transactions and joint ventures for the sale , rental and construction of residential and commercial properties . Drakou has an extensive experience on immigration law . She regularly advises clients on their immigration matters including applications for obtaining Cyprus citizenship or residen-cy . Her practice focuses on strategic planning for business growth in Cyprus and abroad . She is a mem-ber of the Cyprus Bar Association , the Investment Migration Council , and a member of the Board of Directors of STEP Cyprus .
Eleni Drakou 是塞浦路斯 Michael Kyprianou & Co . LLC 律师事务 所的高级合伙人和业务发展总监 。 Drakou 的专业在不动产法律 , 她协助国际和本地客户处理塞浦路斯的房地产事务 。 她经常在房地 产协议 、 交易和合资业务中代表客户销售 、 租赁 、 建造住宅以及商 业地产 。 Drakou 在移民法方面有着丰富的经验 。 她定期为客户的 移民事务提供咨询 , 包括申请获得塞浦路斯公民身份或居留权 。 她 的业务重点是进行战略规划 , 推动塞浦路斯国内外的业务增长 。 她 是塞浦路斯律师协会 、 投资移民理事会成员 , 也是 STEP 塞浦路斯董 事会成员 。