Citizenship investment programs are getting more and more popular for high net worth individuals. The Hurun Wealth Report pointed out that 85% of the millionaires will consider taking their children to study abroad, billionaires up to 90%. Comparison between residence permit in Cyprus and international students shows clear advantages. Residence permit allows children to choose any top schools and courses in Cyprus. The tuition fees are very low and mostly free. It also allows access to free medical care and welfare. Parents can take care easily when any unexpected things happen. The beautiful natural landscape in Cyprus is also attractive for applicants.
Cyprus residence permit allows enrollment in any top schools
International schools only enroll less than 20% of international students each year with limited choices. But Cyprus residence permit holders can choose any top schools and any courses without restrictions. The Cypriot diploma and degree are recognized by countries like the United States and the United Kingdom. It provides great opportunities for further education and career development.
Very low tuition fees and more scholarship opportunities
All tuition fees ranging from public primary schools to high schools are free for Cyprus residence permit holders. The university tuition fee is only one-third of international students. There are more opportunities to apply for various scholarships and bursaries as well. The overall tuition fee level is very low compared to other popular study abroad destinations.
Free medical care and access to welfare
International students need to pay medical expenses by themselves if they get ill. However, Cyprus residence permit allows free access to medical care services and welfare system. It is very important to take care of children’s health and provide a safety net especially when any unexpected things happen.
Better family relationships and care from parents
It is difficult for parents of international students to visit on time if any emergency happens. But parents of residence permit holders can take care of their children in Cyprus as soon as possible. This is critical for maintaining better family relationships and providing care during children’s overseas study.
Beautiful natural landscape and high quality lifestyle
In addition to education benefits, Cyprus is also famous for its pleasant climate and high quality lifestyle. The beautiful natural beaches, landscapes and historical sites attract more applicants. Cyprus passport program only requires 2 million euro property investment with no stay requirement, easy application and high approval rate. It offers lifetime EU citizenship and associated benefits that are hard to beat.
In conclusion, Cyprus residence permit offers clear advantages over international student status in terms of education options, lower tuition fees, access to medical and welfare system, family care and relationships, as well as high quality lifestyle. It explains why high net worth individuals prefer this route for their children.