Cyprus

Overview

Cyprus, officially the Republic of Cyprus, is an island country in the Eastern Mediterranean and the third-largest and third-most populous island in the Mediterranean, located south of Turkey, west of Syria and Lebanon, north of Israel, the Gaza Strip and Egypt, and southeast of Greece

Capital: Nicosia

Permanent Residency Cyprus

There are several kinds of permit, including the following:

• Category A – Persons who intend to work as self employed in agriculture, cattle breeding, bird breeding or fish culture in the Republic of Cyprus.
• Category B – Self-employed in mining.
• Category C/D – Self-employed in a trade or profession.
• Category E – Offered permanent employment.
• Category F – Not working (e.g. retired).

 
Permanent Residency Cyprus
The residency visa is granted within two months and covers the whole family. It includes parents of both the main applicant and spouse plus dependent children up to the age of 25. It is valid for life and can be passed down to dependents and spouse.
 
A Permanent Residency can be obtained via 2 ways :-
 

1. Purchasing a property in Cyprus
2. it can be granted to the applicant who have legally resided in Cyprus for a continuous period of more than 5 years

 
Attraction: 1) Grandchildren can inherit citizenship via birthright 2) Access to EU’s health and academic institutions 3) Visa-free access to 146 countries (including Canada, Australia) 4) Generous tax regime for non-residents 5) Good lifestyle, financial services hub.

Cost- 1) Real estate investment of at least €2million 2) Applicant can include dependent spouse and children under 28 3) Both parents can be included for additional investment of €500,000.

Stay/Residency requirements- No need to reside 

Timelines- Citizenship granted in 182 days