Cyprus Citizenship by Investment Program. - cypruslaw.org
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The main resort will also be the largest casino in Europe, the minister said with 136 gaming tables, 1,200 gaming machines, a luxury hotel with 500 rooms with the capacity for expansion, a conference hall spanning 6,000 square metres that can accommodate audiences of 1,500, and a wellness centre covering 4,000 square metres.
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Upon obtaining citizenship of the Republic of Cyprus no new or additional tax liabilities arise for the investor unless the investor opts to become a Cyprus tax resident, . to spend 183 days in Cyprus (or more days than in any other jurisdiction).
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The Cyprus Mail quoted Lakkotrypis saying Melco-Hard Rock have decided to build their main integrated resort on land close to Limassol harbor and Lady’s Mile beach. The resort, which will feature a 500-room hotel and a casino with at least 100 gaming tables and 1k slots, is expected to open by late-2019 or early-2020.
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