Low crime rate, comfortable language environment, moderate real estate prices...
Why do foreigners choose permanent residence in Cyprus?
Numerous business benefits, access to quality European education - these are not all the reasons to move to Cyprus.
Permanent residence in Cyprus for investment
The investment program of Cyprus makes it possible to obtain permanent residence for investments in real estate from 300 thousand euros. In just two months, an investor can apply for permanent residence in Cyprus. Conditions: it is necessary to purchase primary housing from a developer worth at least 300 thousand euros.
At the same time, it is not necessary to permanently reside in Cyprus in order to maintain the status of permanent residence - it is enough to come twice a year. Permanent residence is indefinite, extends to the investor's family members and allows you to obtain Cypriot citizenship in five years, subject to all necessary conditions.
Benefits of permanent residence in Cyprus:
- No government contributions, you only need to invest in real estate.
- The status of permanent residence is obtained by relatives of the investor, including spouse, children under 25, parents of the investor and parents of the spouse.
- It is not necessary to permanently reside in Cyprus - it is enough to visit Cyprus twice a year.
- Soft tax regime. No income taxes in other countries, no income tax, income tax and inheritance tax.
- Cyprus resident status in just two months.
- The opportunity to come to Cyprus, even if the borders are closed. At the same time, life in Cyprus is a right, not an obligation of an investor.
- After five years, the opportunity opens up to apply for European citizenship.
- Travel to 173 countries without visas.