Citizenship-by-investment is on the rise worldwide. Obtaining a second citizenship-through-investment has become a quick process, allowing you to obtain your second citizenship within 2-3 months without any requirement to reside in the country.
Cyprus, officially known as the Republic of Cyprus, is a Mediterranean island country located in the crossroads of Africa, Europe and Asia.
Cyprus enjoys a sunny Mediterranean climate with many areas of unspoilt natural beauty, from breath-taking mountains and glittering seas, to rugged headlands and pristine beaches.
Cyprus is highly regarded around the world and is a member of the EU, British Commonwealth, Council of Europe, Organisation Internationale de la Francophonie, Organization for Security and Co-operation in Europe, United Nations and World Trade Organization.
The country’s main languages are Greek, Turkish and English.
Why obtain Cypriot permanent residency?
Fast Access to Europe
As a Cypriot PR holder, you can freely travel around the European Union countries without any restrictions, as the EU has a policy to welcome Cypriot residents without any obligations. You will also benefit from ease of obtaining a Schengen visa, usually issued within one week.
Eligibility for citizenship
A Cyprus Permanent Resident has the right to apply for a Cypriot citizenship if they were physically present / resided in the country for a certain number of years.
Attractive tax rates
Cyprus is known to have one of the most attractive tax rates in Europe. Cypriot PR holders benefit from 0% tax on worldwide immovable property tax, as well as 0% tax on inheritance, wealth, gifts and more. Non-domicile residents can be eligible for tax exemptions on their Cyprus and non-Cyprus income.
Family security and future stability
Secure a safe life for your family in one of the safest, most economically and politically stable countries in Europe. A Cyprus Permanent Residence permit can cover the entire family, including dependent children and parents of the main applicant and his/her spouse.
To qualify for the Cypriot residency-by-investment programme, an applicant must meet the following criteria:
Be a non-EU citizen.
Fulfil the investment required by the programme.
Main applicant and spouse have to show proof of annual income of EUR 30,000, as well as EUR 5,000 for each dependent child and EUR 8,000 for each dependent parent.
Submit all the required documentation.
Have a clean personal and professional background.