Cyprus Residency by Investment: Your Gateway to European Living

Background & General Outline

Cyprus is an island with a European flavour located in the Middle Eastern part of the Mediterranean. Cyprus was a British Crown colony until 1960, and after achieving independence it became a member of the Commonwealth of Nations in 1961.

Since the Turkish occupation of Northern Cyprus in 1974, the island has been effectively divided into two parts. Having now lasted over 40 years, the separation between the South and the North is not legally accepted by the United Nations but is tolerated for the purposes of avoiding conflict. As a consequence, Southern Cyprus is protected by the United Nations without facing any real threat and forms an integrated part of the European Union.

The country whose almost one million inhabitants are primarily employed in the tertiary sector has been a member of the European Union since 2004. Cyprus is also familiar to many Europeans as a tourist destination thanks to its beautiful beaches and rich culture. The ruins of Paphos, the painted churches in the Tróodos region, and the Khirokitia archaeological site are listed as UNESCO World Heritage Sites. Due to its attractive tax rates and numerous double taxation agreements, Cyprus is an important trading partner for Russia in particular.

The Cyprus Residency by Investment program offers an easy and fast way through a minimum real estate invest of EUR 300,000 to attain a permanent residence permit. Furthermore the applicant has prove a minimum annual income of EUR 30,000, which has to be achieved abroad. The applicants are not allowed to work in Cyprus.

Even though Cyprus is a member of the European Union it is not yet member of the Schengen zone. The participation in Schengen is aimed for the upcoming years, but the exact date has not yet been confirmed.

Acquiring property in Cyprus, either as an investment or as a second home, has always been a popular choice among foreign investors. A combination of high quality of life, year-round sunshine and natural beauty, ease of doing business and investment incentives offer investors an attractive experience in terms of both living and doing business.

Key Facts of Cyprus Residency by Investment Program

1. Invest EUR 300,000 in residential property in Cyprus.
2. Permanent residency card in two to four months.
3. Cyprus Permanent Residence applies to the entire family (parents, children & grandparents)
4. Lifetime permanent residency for entire family. Have to maintain investment value to retain permanent residency.
5. Also you have the right to apply for citizenship after certain years.
6. No minimum stay required to maintain permanent residency status.
7. Tax heaven to start business in Europe as only 12.5% corporate tax.
8. Earn up to 5% annually as rental on your properties.
9. Your invested amount will get back to you approximately in 5 to 8 years if you calculate rental returns and capital appreciation.
10. Applicant along with all dependents have to visit and stay in Cyprus at least 183 days every year to qualify for Cyprus citizenship.
11. Applicant has to prove a minimum annual income of EUR 30,000, which has to be achieved abroad.
12. Restrictions free trade within Europe, business access to 500 million Europe citizens.
13. Free education & healthcare facility from national government fund for entire family.
14. You can apply for Schengen countries visa through embassies in Cyprus.

 

For more information regarding Cyprus residency by investment program, you can contact us or to start your application process click on “Start Application Process” button below!

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