PERMANENT RESIDENCY

Cyprus is an island country in the Eastern Mediterranean and the third largest and third most populous island in the Mediterranean, Cyprus is a major tourist destination in the Mediterranean. With an advanced, high-income economy and a very high Human Development Index

  • Member of the European Union.
  • Member of the eurozone.
  • Modern banking sector with property lending facilities.
  • Freehold property with full ownership
  • Legal system based on English common law
  • Low cost of living, and low crime rates
  • Low taxation, one of lowest in EU
  • Large infrastructure development
  • UNESCO world Heritage sites
  • The best medical facilities and high quality healthcare

MAIN CONDITIONS

  • Non-European citizens
  • Aplicant must have a clean criminal record.

PERMANENT RESIDENCY BENEFITS

  • The Permanent Residency is for life
  • It is not necessary to reside in Cyprus
  • A visit to Cyprus once every two years is required
  • Granted to all family members including children and parents from both sides of the family
  • Possible to have a business in Cyprus and to receive shareholder dividends
  • Dependents can be enrolled in high quality private schools
  • Freehold property
  • No inheritance tax
  • One of the lowest property taxes in the world
  • Easy travel to other European countries
  • Rental income
  • Passport opportunity

FAST TRACK PROCEDURE

  • Completed within 3 months (approximately).
  • Purchase of new property of value of €300,000 + VAT or more
  • Possible to buy two properties for a total value of €300,000 + VAT or more