If you want to obtain Cyprus permanent residence by investment 2023, now is the right time to do so.
Cyprus is a spectacular island country in the Mediterranean Sea. Considered the most densely inhabited island in the Mediterranean Sea, Cyprus has been a part of the European Union since 2004. Also, it has been with the Eurozone since 2008. This fantastic nation is well connected with the majority of European capitals every day by air. As a matter of fact, it has one of the highest standards of living among the European states. Blessed with quaint locations, it witnesses a major chunk of adventure enthusiasts and tourists.
Benefits of Immigrating to Cyprus
Here is a list of the greatest benefits you must know about:
- High standards of living with a low crime rate are what draw people’s attention to such a magnificent country called ‘Cyprus’. Offering world-class facilities to the citizens, Cyprus is one of the world’s safest and small countries.
- Cyprus has gained immense popularity among holidaymakers looking to cherish their memories. It engages individuals in a myriad of activities
Being a wonderful holiday destination, its tourist infrastructure is next to none in the whole world.
With an active well-educated labour pool, you can experience unparalleled services provided with top-notch business opportunities. - Boasting a strong stable Government strong running legal system with a reliable land registry system, it is great to immigrate to a country like Cyprus.
- Cyrus is the only nation with the lowest corporate tax in the whole of Europe. Moreover, there are no inheritance taxes.
- Cyprus is a booming energy hub in the Eastern Mediterranean Sea.
- Cyprus is tactically located amidst three diverse continents.
- A European Union member since 2004, you can travel to more than 176 countries and other territories around the world without a visa.
- If you have obtained Cyprus citizenship, you can live and work in any of the 28 nations of the European Union.
- Citizens of Cyprus can attend schools and universities within any EU country without charge. Or, at unique tuition rates exclusively for EU nationals.
Cyprus offers two methods as a pathway into a beautiful island country, which is otherwise known as the ‘Golden Visa Program’.
Give Freedom to Those who are Close to Your Heart:
The following are the people who can obtain permanent residency in Cyprus:
- A spouse
- Unmarried and dependent children under 25 years of age
- The main applicant’s or spouse’s parents
- Children, irrespective of age, having a physical or mental disability
Documents to Obtain Cyprus Permanent Residence by Investment 2023
To apply for permanent residency in Cyprus (and later for a Cyprus passport), you are required to submit the following documents:
- A copy of a valid passport
- Medical insurance
- Clean criminal record certificate
- Documents proving required annual income from other nations
- Confirmation from the University (if children from 18 to 25 are applying)
- Marriage Registration Certificate (for people who are married)
- Children’s Birth Certificate (for people who have children)
- Cyprus bank transfer
Requirements to Obtain Cyprus Permanent Residence by Investment 2023
Investing in real estate property in exchange for permanent residence will be your best bet. The investment requirements are much lower when it comes to obtaining a Permanent Residence Card:
- Required to purchase real estate property worth no less than €300,000
- Must prove your annual income is at least €30,000 for yourself, and another €5,000 for every dependent (spouse and children)
- Must not have a history of criminal records
- Must have an additional €8,000 on your income if you are going to include your parents or your spouse’s parents
Benefits of Obtaining Cyprus Permanent Residence by Investment 2023
Here is a list of some of the most amazing benefits you can enjoy while getting Cyprus permanent residency via investment:
- You and your family members can travel to other nations in the European Union.
- You can include your parents/your spouse’s parents.
- The Permanent Residence Card is valid for life.
- You do not have to reside in Cyprus for the sake of maintaining your Residence Permit. You are required to visit the country for one day every two years.
- Once you obtain permanent residence, you can get a Cyprus passport. But this is applicable only after seven years of uninterrupted residence.
How to Apply for Permanent Residence in Cyprus?
If you are looking to apply for permanent residence in Cyprus via the Golden Visa program, you are required to enter Cyprus with an entry visa. Then you need to submit the application to the Cypriot immigration authorities. The following are the steps you must consider:
- Enter the European country with a regular entry visa. You can apply for this visa at the Cypriot Embassy in your nation.
- Confirm your investment followed by the permanent residence application to the CRMD (Civil Registry and Migration Department). You can apply yourself or consider using a legal representative. Make sure you have all the documents required to obtain Cyprus permanent residence.
- Your application for Cyprus permanent residency will be forwarded to the Cypriot Ministry of Interior.
- You will receive a letter of approval if the decision is positive.
- You and your family members, within one year of approval, should enter Cyprus. Head to the CRMD for submitting your biometric information. You can then receive your PR (Permanent Residence) cards.
