Time To Residency
- Cyprus Country profile
- Benefits of the program
- Investment requirements
- Visa-free and visa-on-arrival country list
About Cyprus Residency
GDP – Per Capita (2016):
GDP – Total (2016):
1 USD = 0.86 EUR
USD 19.8 billion
According to Cypriot law, a Non-European national who buys one or two properties (Residential) in Cyprus for himself and his family for a total value of €300.000 + VAT and more, he/she may apply for Cyprus Permanent Residency.
The Cyprus Permanent Residency Program is a fast track program whereby applications are processed within two months of filing.
Boasting a rich and diverse culture, Cyprus offers investors a safe and stable environment which is ideal for raising families. At the crossroads of Europe, Asia, Africa and the Middle East, Cyprus is the perfect setting for global travel. An important member of the European Union, it is also an active member of the British Commonwealth. The Cyprus Citizenship by Investment Program is ideal for business and investment purposes recognising numerous investment opportunities for investors.
- Officially known as the Republic of Cyprus, the nation has a population of 1.1 million.
- Cyprus became a member of the European Union in 2004 and the British Commonwealth in 1961.
- In 2008 the country adopted the euro, becoming part of the Eurozone currency union.
- With a GDP of $28,000 per capita, the country is an advanced, high-income economy with a very high score on the Human Development Index.
- Cyprus boasts an established off-shore banking sector plus the lowest corporation taxes in the EU making for attractive international tax planning possibilities, plus many tax exemptions exist for non-residents with free trade within the European Union
- The Island has signed double taxation treaties with 43 countries. The legal system is based primarily on English Common Law.
- English is widely spoken and understood in business and everyday life.
- Offering a warm Mediterranean climate, the island has over 340 days of sunshine per year.
- An excellent education system with some high standard schools and universities and first-rate healthcare;
- Tourism, financial services and shipping contribute significantly to the economy, and recently offshore gas fields have been discovered.
- Real Estate yields and prices are rebounding strongly since reaching historical low price points during the global financial crisis.
Cyprus grants Non-EU nationals the right to permanently reside in Cyprus with no renewal requirements. The Permanent Residency is granted to third-country nationals, who apply under Regulation 6(2) of the Aliens and Immigration Regulations, provided that they fulfil the Financial Criteria.