Permanent residency in Cyprus can be obtained by those who invest in Cyprus real estate the minimum sum of €300,000. The Cyprus residency visa can be granted within a matter of months.
Many countries offer residency programs so what is different about the Cyprus permanent residency? Cyprus has an extremely favourable tax regime and over 80% of the population speak English. Known to have a low crime rate Cyprus is among some of the safest countries in the world. Altogether with safety, tax and language convenience alongside social and health facilities, becoming a permanent resident of Cyprus is very appealing.
Residency in Cyprus, a member of the European Union, offers many benefits, which is why the Government’s Residency-by-Investment Program has been so well received by non-EU citizens.
The requirements to gain Permanent Residency following investment in property is for the applicant to have an annual income of €30,000. The applicant must also have a clear criminal record, sign a statement that the applicant does not intend to work in Cyprus and will visit Cyprus at least once every two years.
A popular location for those who partake in the Permanent Residence program is Limassol. Known as the cosmopolitan city due to impressive sky skyscrapers, luxury marinas and high-end shopping. The city attracts many professionals from all over the world.
Ayia Napa boasts a vibrant culture on the backdrop of 14 stunning blue flag beaches, the ideal home location for those who take part in the Permanent Residence Program. The area is rich with natural beauty, culture, lively entertainment and is currently undergoing many new exciting projects such as the Ayia Napa Marina, set to draw tourists and locals from all areas.
The Beautiful quiet town of Protaras is a favourite of families who gain Cyprus Permanent Residence. The friendly town is located along the gold sandy coastline of one of the best beaches in Cyprus, Fig Tree Bay. The town has an abundance of shops, restaurants, bars and facilities thus creating an ideal day to day living environment.
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