As an island country in the Mediterranean Sea, Cyprus is not only a popular tourist destination, but also an ideal place for residence with its developed economy, high quality of life, and strategic location connecting Europe, Asia and Africa. Cyprus residence by investment has become an increasingly popular program among global investors and families looking to gain resident status in Cyprus and the EU. The Cyprus Permanent Residence Program only requires an investment of 300,000 euros in real estate to gain lifelong residence status in Cyprus for the whole family. With a Cyprus residence permit, you can freely travel, work, study, and live in Cyprus and the Schengen area. In addition, Cyprus offers beneficial tax policies, excellent infrastructure and amenities, a high standard healthcare and education system. Cyprus’ stable political environment, low crime rate and sunny climate make it a top choice for residence. This article will introduce the main advantages, requirements and procedures of obtaining Cyprus residence through real estate investment.
Visa-free Travel in EU and European Quality of Life
The Cyprus Permanent Residence Program grants the whole family full resident status in Cyprus, which allows you to live and work freely in Cyprus without immigration restrictions. As an EU member state, Cyprus residence holders can also travel visa-free within the Schengen area for up to 90 days every 180 days. With a Cyprus residence permit card, you can enjoy visa-free travel to over 170 countries. More importantly, you can experience the high standard of living and developed infrastructure in Cyprus and the EU. Cyprus offers political stability, low crime rates, excellent healthcare, education, and amenities for a peaceful lifestyle.
Strategic Location Connecting Three Continents
Situated at the crossroads of Europe, Asia and Africa, Cyprus boasts a strategic location for global business and travel. It takes only 4 hours’ flight from Cyprus to major European cities like London, Paris, and Frankfurt. The excellent location facilitates global business operations and allows convenient travel around Europe, the Middle East, and North Africa region. With a Cyprus residence, you gain excellent accessibility and mobility for travel and expanding your business.
Favorable Tax Regime Protects Your Wealth
Cyprus offers very attractive tax benefits for residents. It boasts one of the lowest personal income and corporate tax rates in Europe at 35% and 12.5% respectively. There is no tax on investment income like dividends, interest and rental income. Inheritance, gift and wealth taxes are fully exempt in Cyprus. The favorable tax regime coupled with bank confidentiality laws make Cyprus an ideal location to preserve and grow your wealth.
Fast and Simple Application Process
The application process for Cyprus permanent residence is straightforward with high approval rates. The eligible applicants only need to provide proof of property purchase, health insurance coverage, and a clean criminal record. Once approved, you will receive a residence permit within 2 months. The residence status is lifelong and inheritance to dependents. You only need to stay in Cyprus for one day per year to keep your resident status valid.
In summary, the Cyprus Residence by Investment Program offers global investors and families an easy pathway to gain permanent residence status in Cyprus and the EU. With visa-free living in Europe, a strategic location, high quality of life, and beneficial tax regime, Cyprus residence is an attractive choice for investment immigration.