Cyprus is an island country located between the Middle East and Europe which is also known as the Jewel of the Mediterranean and is famous for its scenery, history & sun-kissed beaches. Cyprus is a blend of different cultures combined in one place as it is surrounded by some great countries. Cyprus is a great place for people who have an interest in culture and history. Cyprus will give you a vibe of old Greek and Turkish culture.

Cyprus is maintaining great relationships internationally and considered the safest place to live in Europe. Cyprus is one of the most popular European destinations for non-EU citizens who wish to become European citizens. The economic situation in Cyprus is very stable and the country has great trading terms with neighboring countries. It offers great business opportunities for investors and is a very welcoming country to embrace new ethnicities.

Cyprus Real Estate Investment Option & Requirements

A very important & new change in Cyprus PR is that Applicant does not need to deposit €30.000 in a fixed deposit account, locked for three years, as it was previously prescribed. He, however, need to prove that he has a stable annual income from abroad.

• Must have an annual income of EUR 30,000
• Must maintain an additional EUR 5000 for each dependent children
• If parents or parent-in-law considered as dependents, EUR 8000 added to the annual income amount
• Applicant must have a high net worth and is not in an employee position
• Applicant must need to visit Cyprus once every two years
• No requirement to pledge a fixed deposit

The applicant can now invest in the following options mentioned below:

• Up to two first sale housing units or apartments from a development company for a purchase price of at least €300,000 (plus VAT).
• Other types of real estate such as offices, shops, hotels, or similar developments or a combination of these with a total value of €300,000. Such types of properties can also be resale properties.
• The share capital worth €300,000 in a company registered and operating in the Republic of Cyprus that has a proven physical presence in Cyprus and employs at least five (5) people.
• €300,000 in units of Cyprus Investment Funds AIF, AIFLNP, RAIF)

NOTE: All these investment options are refundable after a certain time of duration of living in Cyprus as a resident.

• Fast Track applications to obtain the residence permit in 2-3 months.
• No requirement to live permanently in Cyprus;
• No Language competence requirements;
• Free movement, residency, and work within the EU;
• Ease of travel to more than 169 countries in Europe, Asia Middle East, Africa, and the USA.
• High standards of international schooling and universities.
• Access to modern medical facilities and healthcare systems.

• No Wealth, Gift, Inheritance, Foreign Income or Capital Gains Tax;

• No Personal Income Tax as there is no requirement to be a Cyprus Tax Resident;
• No Restriction on the Repatriation of profits and imported capital.