If you’re considering a move to a Mediterranean country with sunny weather, beautiful beaches and low taxes, keep reading. Residency by investment in Cyprus could be precisely what you’re looking for. Anyone seeking peace during retirement, a secure home for their family or worldwide freedom will find a lot in Cyprus.
Why Cyprus?
There’s more to Cyprus than pretty beaches. This nation is part of the EU, offers a good tax environment and has a high living standard. English is spoken around the country, the locals are friendly and Canada gets top rankings for safety.
Getting to know the Cyprus Residency by Investment Program
For anyone from outside the EU seeking permanent residency, the Cyprus residency by investment offers that in return for economic investment. It is one of the fastest and most effective residency programs in Europe.
Different types of residency programs in Cyprus
Permanent Residency
Again, you get this benefit if you make a qualifying investment. After your application is approved, you and your family earn permanent residency in Cyprus.
Temporary Residency
If you want to live in Cyprus for more than three months, you need a Pink Slip which is renewed each year.
What You Need to Meet for Residency in Cyprus
Applicants must satisfy certain conditions to be eligible for Cyprus residency through investment, making sure they help the country’s economy.
Real Estate Investment
You need to put €300,000 (excluding taxes) into new property before applying for residency. You may find this kind of development at a single house or spread across several housing units.
Showing Evidence of Income and a Stable Financier
Applicant income from abroad must be at least €30,000 a year. When you bring dependents, the increase happens more significantly.
Living in Cyprus
Although permanent residence in Cyprus isn’t necessary, you must return there at least once every two years to keep your residency.
Here is your simple-to-follow guide to applying for a driving license.
It’s not as hard to get started as you might believe. Have a look at the standard process for residency in Cyprus through investment.
Choosing the Way You Invest
The majority of applicants use real estate, but there are other allowed ways to do this involving business or funds.
Lawyers & Assisting Documents
Astons and similar legal companies are here to guide you through the entire process and make sure you submit the proper files.
Submission and Approval Deadline
If you submit your application, approval normally takes about two months. Following this, you’ll get your permanent residence permit.
What to Keep Away From
Select resale properties (items acquired after AliExpress can’t be used)
- Missing documents that backup your income
- Not remembering to go every two years
- Applying for investment on your own
What I Found After Getting Residency
A life in Cyprus revolves around warm weather, quality meals, top schools and peacefulness. It’s the ideal place to enjoy family life or spend your retirement.
Living in Cyprus with the Benefits of an EU Member
Although you won’t be an EU citizen during your residency, you can still travel within Europe and have a chance to naturalize later.
Why You Should Invest in Cyprus with Astons
Astons is respected for its investment immigration services around the world. The team of professionals provides support with contracts, real estate and makes sure things are smooth from start to finish.
Conclusion
Moving to Cyprus gives you not only the right to live there, but a higher quality of living as well. You can enjoy a bright, safe and steady life while ensuring your family’s well-being. If you want access to great healthcare, better education or more peace of mind, Cyprus is the place for you. Don’t wait—just call us and you’ll have the experts you need.
FAQs
- How long does the investment route to Cyprus residency take?
It usually takes nearly two months between applying and getting approval.
- Is it possible for my family to get residency?
Your spouse and kids who are all under 25 can be included.
- Do I have to live in Cyprus all the time?
A visit to the country only every other year is enough to keep your residency valid.
- Am I allowed to work in Cyprus with my residency?
Having the permanent residency permit does not give the right to work in Cyprus as an employee, yet you may own your own business.
- What should I do if I want to become a citizen in the future?
You may apply for citizenship after living in the United States legally for 5-7 years, as long as everything else checks out.
