What is Cyprus Residency by Investment?
The Cyprus Permanent Residency Program allows non-EU nationals to acquire residency in Cyprus through investment, primarily in real estate. Offering full lifetime residency, it’s an enticing option for those looking to secure a stable, safe home base in Cyprus. The program’s durability, lack of residency requirements, and familial inclusivity make it stand out in today’s competitive residency programs.
Why Choose Cyprus as Your Investment Destination?
Where Does Cyprus Stand Geographically?
Cyprus is perfectly located at the nexus of Europe, Asia, and Africa. This strategic position, combined with its EU membership, grants veritable access to a vast market. Gain residency here and open doors to living and doing business in any EU country, with prospects for citizenship.
What are the Lifestyle Benefits?
Enjoy over 320 days of sunshine, exemplary healthcare, top-level education, and a warm community. Whether you’re bringing your family or seeking a part-time Mediterranean retreat, the Cyprus residency program supplements your ideal lifestyle.
How Does Cyprus’ Tax Regime Benefit Investors?
Cyprus offers tax incentives that are hard to ignore. There is no inheritance tax or wealth tax, making it appealing for many. Additionally, one can benefit from tax advantages on foreign-earned income, encouraging investment in the Cypriot economy. For more information visit our tax advisory page. Foreign investors are also eligible to apply for Cyprus non-dom tax status.
What are the Investment Requirements?
To apply for Cyprus residency via investment, a minimum of €300,000 must be invested in a Cyprus-based real estate. This investment can take many forms:
- A single residential apartment or villa.
- A pair of new housing units valued at €300,000 collectively.
- Combinations involving a house, office, or shop space.
These offerings ensure flexibility and adaptability for varying investor needs, serving not just as homes but also as productive assets in a burgeoning property market.
Can our Firm Facilitate a Smooth Acquisition Process?
Entering the Cyprus Permanent Residency Program necessitates precision in documentation and a thorough understanding of the local legal framework. Here lies the value offered by Christos Makrides and associates, a reputable leader in guiding clients through investment immigration requirements since 1993.
Astons’ services include:
- Personalized consultation aimed at understanding your unique goals.
- Complete legal and document preparation to prevent process setbacks.
- Application submission and constant follow-up until completion.
Utilising such personalised services ensures a seamless transition from application to residency approval in approximately two to six months.
How Does Residency in Cyprus Open New Opportunities?
Securing Cyprus residency through investment is a decision with enduring rewards:
- Access to Europe: Enjoy the freedom to travel and conduct business across the EU.
- Citizenship Pathway: After eight years of continual residency, citizenship application becomes available.
- Family-Oriented Environment: Benefit from a pleasant and secure setting, perfect for raising a family.
- Retirement Haven: Many retirees select Cyprus for its enchanting environment, affordable living, and trusted healthcare.
Residency by investment in Cyprus extends beyond gaining residency, it is a commitment to a rewarding lifestyle and a community that cherishes economic and social prosperity.
For more insights and to explore how you could benefit from Cyprus’ residency by investment program, subscribe to our newsletter or contact Christos Makrides & Associates Ltd at contact@makridestaxconsultants.com. We are dedicated to answering your queries and facilitating informed decisions.
