Cyprus Residency - IPC

Cyprus Residency

THE FASTEST AND EASIEST WAY TO GET RESIDENCY PERMIT

CYPRUS PERMANENT RESIDENCY:

  • Applicants can secure permanent residency in Cyprus through investment in real estate
  • The program is one of the fastest and simplest investor visa programs in Europe
  • It requires an investment of just €150,000 (Standard-Track) and €300,000 (Fast-Track) into a property to gain the Cyprus residency permit
  • The Cyprus Permanent Residence Permit is granted within two months and covers the whole family
  • It includes parents of the main applicant and spouse plus dependent children up to the age of 25
  • It is valid for life and can be passed down to dependents and spouse
  • Cyprus Permanent residency leads to Citizenship after 5 years of residency
  • The permanent residency program offers ease of travel throughout the European Union and requires just one visit to Cyprus by all family members once every two years
  • The investment may be made by a company for which the main applicant and spouse are beneficial owners
  • The investment can be into a maximum of two properties provided they reach the €300,000 permanent residency limit
  • PR have access to high-quality free education in Cyprus, including UK universities
  • Residency applicants can apply the Greece Embassy with ease for a Schengen visa to travel throughout Europe

WHY CYPRUS:

  • Cyprus has the Lowest Taxation from any European Union Country – Corporation Tax 12.5%, Dividend Tax 0%, Capital Gains Tax 0%, Inheritance Tax 0%
  • Cyprus has the lowest crime rate in Europe and is the 5th safest country in the world to live
  • There is a high standard of educational institutions and healthcare facilities
  • Cyprus is strategically located at the crossroads of three continents, Europe, Asia and Africa
  • PR have access to high-quality free education in Cyprus, including UK universities
  • High standard of healthcare facilities
  • Has been nominated as one of the best 20 countries to live in the world
  • EU member since 2004
  • Cyprus, the third largest island in the Mediterranean
  • As a financial services epi-center and an ever-increasing trade partner with Europe, Cyprus is continually developing an impressive commercial environment that attracts worldwide business ventures

ABOUT CYPRUS:

  • Official Name: Cyprus Republic
  • A Form of Government: Parliamentary republic
  • Capital: Nicosia
  • Population: 1,000.000
  • Official Language: Greek
  • Currency: Euro
  • Area: 9,250 square kilometer
  • Official Language: Greek
  • Education: Greek and British language
  • Education: British Education
  • Culture: Mixed culture (Greek, Turkish, Armenians and Latins)
  • Environment: Coastal
  • Health Care: High-quality health care (25th Worldwide)
  • Taxation: Lowest in the EU
  • Tourism: An International destination for tourists
  • Weather: Very nice Mediterranean weather
  • Politics: Politically stable
  • Schengen: No (Expected)
  • Religion: Christian with Muslim Community

QUALIFICATION CRITERIA:

  • It requires an investment of just €150,000 (Standard-Track) and €300,000 (Fast-Track) into a property to gain the Cyprus residency permit
  • Have a minimum annual income of €30,000 deriving from abroad, from legal sources. For every dependent person, an extra €5,000 is required
  • Provide solid evidence that he can cover all his family’s needs in money for the long run (and all the money should be available from activities abroad). The more money the applicant deposits in a Cypriot bank, the better he will serve his application procedure
  • Possess a clean criminal record
  • €30,000 to be transferred from abroad and deposited in a Cyprus bank in a three year fixed deposit account
  • The residence permit holder must visit Cyprus at least once every two years to maintain his/her status

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