Permanent residence – Apartments in Cyprus

Cyprus Residency by Investment

Cyprus Permanent Residency Program offers the opportunity for those acquiring property to establish a Mediterranean home and becoming resident in Cyprus.

Why invest in Cyprus? You and your family will freely live in Cyprus, gain access to the advanced health care and educational system, and even engage in business: permit holders have the right to own and start a business in Cyprus or establish a Cyprus company as an intermediary for export trading throughout the world, thus benefiting from Cyprus’ excellent business and tax advantages.

Cyprus Permanent Residency Benefits

Benefits apply to the entire family, including the spouse, children up to 25 years old, and parents (subject to an additional investment of € 300.000 + VAT in a separate property)
Applicants who obtain PR have the right (under conditions) to apply for a Cypriot Passport within 7 years, provided they have stayed in the island for a total of 5 years.
Enables you to travel through Europe with ease.
Cyprus offer the lowest personal and corporate tax rates in the EU, and double tax treaties with almost 60 countries.
Reduced 5% VAT on First Property Purchase.
PR Holders can benefit from ZERO TAX on Worldwide dividends & interest for 17 Years under the Non-Dom Tax Regime.
Children granted PR retain it even after turning 25 or getting married, as long as they remain Financially Dependent.
Advantageous for the permit holder to establish a company or business of his/her own.
Enables easier application for Schengen Visas through any Schengen European Embassy.
High standard educational Institutions and healthcare facilities.
There is no need to pay all the money from the beginning and the property does not have to be completed before getting the Permanent Residency.
Cyprus has the Lowest Criminal Rate in Europe.

Permanent Residency Requirements

Minimum investment of €300,000 + VAT in residential or other new-built property in Cyprus. (resale properties are NOT eligible).
The investment can be split across up to two properties, provided they are from the same developer.
Source of funds must be derived from abroad.
The applicant must show income of at least €50,000/year. This income to be increased by €15,000 for spouse and €10,000 for each adult financially dependent children, up to the age of 25.
At least 300,000 Euro + VAT should be paid to the Vendor in order to apply for Permanent Residency.
The residence permit holder must visit Cyprus at least once every two years, if not a residing in Cyprus already.

Important Considerations

Minimum investment of €300,000 + VAT in residential or other new-built property in Cyprus. (resale properties are NOT eligible).
The investment can be split across up to two properties, provided they are from the same developer.
Source of funds must be derived from abroad.
The applicant must show income of at least €50,000/year. This income to be increased by €15,000 for spouse and €10,000 for each adult financially dependent children, up to the age of 25.
At least 300,000 Euro + VAT should be paid to the Vendor in order to apply for Permanent Residency.
The residence permit holder must visit Cyprus at least once every two years, if not a residing in Cyprus already.

Cyprus Residency by Investment

Cyprus Permanent Residency Program offers the opportunity for those acquiring property to establish a Mediterranean home and becoming resident in Cyprus.

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