Cyprus
With its beautiful beaches, warm Mediterranean climate and convenient geographical position, Cyprus is considered an ideal destination for permanent residence for non-EU nationals.
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There are many benefits to investing in Cyprus due to the island’s well-qualified labour force and a reliable transport and telecommunications system. Cyprus has a modern, free-market, service-based economy, with an effective and transparent legal framework, it offers international investors and businesses the confidence to invest, grow, and prosper. Many new measures have been put into place to boost the economy and help to stimulate economic growth.
RESIDENCE BY INVESTMENT OVERVIEW
The Cyprus golden visa allows foreign nationals to benefit from the country’s relatively low cost of living, no inheritance tax, lowest crime levels in the EU, as well as its high-quality healthcare system and leading medical centres.
BENEFITS OF A CYPRIOT GOLDEN VISA
Successful applicants can go to high-quality private schools offering English language courses. The application procedure is very efficient, with a high approval rate if all criteria are satisfied. It is not necessary to reside in Cyprus, but a visit once every two years is required. Residence applies to the main applicant’s spouse and children under 25 years. The whole process can be arranged without being present in the country. Successful applicants are eligible to apply for Cypriot citizenship after five years of residence.
CYPRUS GOLDEN VISA REQUIREMENTS
To qualify for residence, applicants must fulfil the following requirement: Purchase up to two new residential properties with a total market value of at least EUR 300,000 plus VAT.
