Comparison of conditions for obtaining a residence permit in Greece and Cyprus

However, although both countries offer investors the opportunity to obtain a permanent residence permit, there are some differences in their programs. For example, Cyprus grants investors resident status for life, while Greece starts with a temporary residence permit that is valid for 5 years. This is an important factor for those planning a long-term stay in the country.

Another difference is the minimum investment amounts. For the permanent residence program in Cyprus, you need to invest at least 300,000 euros, while in Greece the minimum amount is 250,000 euros. This means that Greece may be more affordable for those who are not willing to invest too much.

One of the advantages of a Greek residence permit is visa-free entry into all Schengen countries. Holders of a Greek residence permit can freely travel throughout Europe without the need to obtain a Schengen visa. However, residents of Cyprus still require a Schengen visa to travel within Europe. This may be an important consideration for those who travel frequently or have business interests in EU countries.

This opens up opportunities for those who want to purchase property and at the same time obtain a residence permit. As a result, Greece and Cyprus offer unique opportunities for obtaining residence permits through investment. The choice between these two countries depends on your personal preferences and goals. No matter which country you choose, they both promise amazing adventures, beautiful scenery and a rich culture that will delight you throughout your new life.