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BENEFITS




  • Investment: €300,000 + Costs

  • Time to Residency: 2 – 3 months

  • Visa Free within Schengen Countries

Why Cyprus?

  • It is not necessary to reside in Cyprus, but a visit once every two years is required.
  • No Inheritance taxes.
  • High-standard educational institutions and healthcare facilities.
  • Final approval of PR (on a fast-track basis) within 2 to 3 months from date of filing the application.
  • Dependent children between 18–25 and parents of the applicant are also eligible.
  • The whole process can be arranged without being present in the country.

Requirements

  • The main requirement is the purchase of new immovable property of a total market value of at least EUR 300,000 plus VAT.
  • The applicant must submit a confirmation letter from a Cyprus bank that they have deposited a minimum capital of EUR 30,000 from abroad into an account that will be locked for three years.
  • The applicant must provide supporting evidence of a secured annual income of at least EUR 30,000 deriving from abroad.

Investment Option

Permanent Residency € 300,000 + Costs

CYPRUS FACT-SHEET

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LOCATION

Cyprus is a popular tourist, business, education and retirement destination.


  • TIME ZONE

    GMT+2


  • POPULATION

    1,193,808


  • GDP

    21.69 USD Billion


  • CURRENCY

    Euro (EUR)


  • RELIGION
    • Christians:89.1%

    • Roman Catholic:2.9%

    • Protestant:2.0%

    • Islam:1.8%

    • Others:4.1%

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