Cyprus Residency

Invest in real estate.

If you want to become a Cyprus resident and benefit from living on an island filled with high-net-worth individuals, you'll need to invest in real estate. There are several ways to do this, but the cheapest and most straightforward option is to become a resident by investment. Requirements for residence by investment in Cyprus are straightforward, and the application process is easy if you have the financial resources required. You just need to invest in real estate and you're good to go. The benefits of becoming a resident by investment in Cyprus include stability and security, access to numerous amenities, and wealth accumulation opportunities over time. If you are looking for a safe and cost-effective way to become a Cyprus resident with some added advantages, residency through investment in real estate is the perfect solution.

1. Permanent residence

The benefits of becoming a Cyprus resident include low taxes, good infrastructure, and easy access to the European Union. To be eligible for residency, applicants must buy a property with any amount less than €300,000 and they get the slow track, however if they invest €300,000 by buying a property and they keep €30,000 in a bank account then they are eligible for the fast track. The application process is speedy, and applicants can be approved together with their families. Permanent residents of Cyprus are not subject to income taxes.

2. Reduced taxes

Living in Cyprus includes a low tax rate and easy registration of companies. Cyprus is not included in blocklists, making it an attractive place to do business. Cypriot companies are not subject to public disclosure, which keeps your information confidential. There are many opportunities for family immigration into Cyprus, including reduced or free tuition at European universities for children of company owners. It would help if you had a stable income and an account in a Cyprus bank to obtain a residence permit. After 5 or 7 years, you can get citizenship and a passport if you continuously live in Cyprus for that period.

3. Reduced red tape

The benefits of residency in Cyprus include a reduced tax burden, simplified company formation procedures, and increased opportunities for family immigration. To qualify for living, you must have a stable income and an open bank account in Cyprus. After 5 or 7 years, depending on the type of business you are opening, you can obtain Citizenship and a Passport in Cyprus.

4. Easy access to banking and financial services

Cyprus is a favorable and welcoming environment for non-EU citizens. The banking system is modern and efficient, and many tax incentives are available. Cypriots who want to live in Cyprus can do so without paying property or inheritance taxes. Rental income is an excellent source of income in Cyprus, and property values are relatively low compared to other European countries.

5. Easy access to markets and investment opportunities

Cyprus is an excellent option if you are looking for a safe and welcoming place to call home. As a non-EU citizen, you can enjoy many benefits of living in Cyprus, such as good air connections, numerous tax incentives, no capital gains tax, no inheritance tax, and no property tax. Additionally, the banking system is modern and easy to use, making business transactions easy.

6. Protection from economic and political instability

Becoming a Cyprus resident includes a relatively stable political environment, which is beneficial for business. The country has a well-educated workforce, which can provide businesses with qualified employees. Cyprus is a member of the European Union, which provides companies with access to a large market.

7. Easy access to education and healthcare

Cyprus is an excellent place to consider if you are a citizen of Cyprus and want to live in another country. Citizens of Cyprus have access to a Visa-free Visa on arrival to 158 countries, making it easy for you to travel. Additionally, the government has a peaceful and stable political climate and a country with a low crime rate. The country also has warm weather, a well-connected airport, and a high-quality healthcare and education system. Citizenship of Cyprus can be acquired after living there for five years.

8. Protection from crime

Living in Cyprus can have many benefits, including a low crime rate. This makes it a great place to live and raise a family.