FINANCIAL
CRITERIAS
- Own one or two NEW Real Estate valued at minimum 300,000 EUR (excluding VAT 5% for 1st Property and 19% for 2nd Property) a condition for a family of three generations to own a Cyprus Permanent Resident card.
- Have fixed deposit of €30,000 over 3 years in Cyprus bank
- The lawyer will apply for your PR after your first payments for €200,000 (net of tax), €30,000 fixed deposit in Cyprus bank. The PR application processing time is 3-4 months.
- Free full package service for Cyprus lawyer
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Investor must prove secure income over 30,000 EUR/year from outside of Cyprus.– This requirement is increased by 5,000 EUR for every dependent person.– This requirement is increased by 8,000 EUR for every parent.
- Hold a clean criminal record from the original country.
- After 7 years of holding PR cards, you are eligible for Citizenship application, providing that you has lived in Cyprus for total 1,460 days (4 years) per first 6 years, and the seventh year in full.
- LIFETIME PERMANENT RESIDENT CARDS:
– Live at least 1 day / every 2 years in Cyprus to maintain forever PR cards– Applicants must maintain a property of minimum EUR 300,000 (excl. VAT)
– There is no need to maintain any resident property after the whole family becomes Cyprus citizens.
LEGAL
CONDITIONS
INVESTOR PROGRAM - ADVANTAGE
- SHORT PROCESSING TIME: 3-4 months for PR program and 6-8 months for citizenship program from the date of application.
- WHOLE FAMILY IS ELIGIBLE FOR THE SCHEME.
- APPROVED CASE RATE: OVER %99
- From financial point of view, INVESTOR PROGRAM IS IN LOW PRICE (€300,000) not strict in explaining the origins of your money. Privately-own your residence and you can rent it.
- LANGUAGE: Greek and English
- CLIMATE: temperature at 16-30 with 320 days of sunshine
- LIFE ENVIRONMENT: top pure and clean environment of the world.
- ECONOMY: developed economy; Eurozone member; focus on tourism, services, finance, shipping, gas industry.
- POLITICAL: stable as a member of EU
- SOCIETY: multicultural, rated as one of five safest countries of EU.
- COMMUNITY: tourism is the main economy. English is using as second language.
- Medium living cost for one person €500/ 1 MONTH (not include accommodation fee)
- TRAFFIC INFRASTRUCTURE in very good condition.
- EDUCATION: EU standard. Free state education up to university. American standard private schools with reasonable cost (about 40% compared to international school in Vietnam).
- TAX: 0% property tax, 0% inheritance tax, 5% VAT for the first property, 12.5% corporate income tax. 0% dividend tax … and other countless tax benefits….
