Cyprus Permanent Residence for Non-EU Nationals

Cyprus is an island nation in the Eastern Mediterranean, known for its stunning natural beauty and rich history. As the third-largest and third-most populous island in the Mediterranean, it attracts millions of tourists each year. Cyprus boasts a highly developed, high-income economy and ranks highly on the Human Development Index.

Why Choose Cyprus?

Investing in Cyprus presents many appealing factors:

• Pleasant Climate: Enjoy a sunny and warm climate for most of the year.
• Affordable Living: The cost of living is relatively low, and tax rates are among the lowest in the EU.
• Language: While Greek is the official language, English is widely spoken.
• Welcoming Community: The locals are friendly, fostering a relaxed lifestyle.
• Familiar Legal Framework: The legal system is similar to that of the UK, simplifying financial and legal processes for residents.

Key Highlights of Cyprus:

• EU Membership: Cyprus is a member of the European Union and the Eurozone.
• Stable Economy: It has a modern banking sector with property lending facilities.
• Property Ownership: Foreigners can purchase freehold property with full ownership rights.
• Legal System: The legal framework is based on English common law.
• Low Cost of Living: Cyprus offers an affordable lifestyle with one of the lowest crime rates in Europe.
• Attractive Taxation: Cyprus has one of the lowest tax rates in the EU.
• Infrastructure Development: Continuous growth in infrastructure and public services.
• UNESCO Sites: Home to several UNESCO World Heritage sites.
• Healthcare: Excellent medical facilities and high-quality healthcare services.

Permanent Residency Benefits:

• Lifetime Residency: The permanent residency is granted for life.
• No Residency Requirement: There is no obligation to live in Cyprus, but a visit once every two years is required.
• Family Coverage: The residency is extended to all family members, including children and parents from both sides.
• Business Opportunities: You can establish a business in Cyprus and receive dividends as a shareholder.
• Education: Dependents can attend high-quality private schools.
• Property Ownership: Foreign investors can purchase freehold property.
• Tax Benefits: No inheritance tax and one of the lowest property taxes globally.
• Travel: Easy access to other European countries.
• Rental Income: Potential to generate income through rental properties.
• Citizenship Path: A route to obtaining a Cypriot passport.

Fast-Track Procedure:

• Processing Time: Permanent residency can be approved in approximately 3 months.
• Property Investment: Purchase of a new property valued at €300,000 + VAT (or more) is required, with the option to buy two properties as long as their combined value meets the minimum threshold.

Cyprus offers a stable, tax-friendly environment with numerous benefits for those looking to invest in real estate or relocate permanently.