Why Invest In Cyprus
1. Cyprus Permanent Residence
With its beautiful beaches and tropical Mediterranean climate, Cyprus is considered an ideal destination for permanent residence for non-EU nationals.
In line with the Cypriot government's intention to increase foreign investment and to help its economic development, Regulation 6(2) of the Aliens and Immigration Regulations allows the Ministry of Interior to issue residence permits to applicants from non-European countries who intend to invest in the republic.
The Cyprus golden visa allows foreign nationals to benefit from the country's relatively low cost of living, no inheritance tax, and the lowest crime levels in the EU, as well as its high-quality healthcare system and leading medical centers.
2. Benefits of a Cypriot golden visa
- The application procedure is highly 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.
- Dependents can be enrolled in high-quality private schools offering English language courses.
- 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, except for biometric capturing.
- Successful applicants are eligible to apply for Cypriot citizenship after five years of residence.
3. Cyprus golden visa requirements
- Purchase up to two new immovable residential properties of a total market value of at least EUR 300,000 plus VAT, with the option to purchase from two different developers.
- Purchase up to two new or used immovable non-residential properties (offices, shops, hotels, or other developments) of a total market value of at least EUR 300,000 plus VAT
- Invest EUR 300,000 in the share capital of a physical company registered and operating in Cyprus, which employs at least five people.
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