Cyprus Residency By Investment

Cyprus

Residency By Investment

Cyprus is a modern country that effortlessly marries contemporary European culture with centuries of rich cultural heritage. Between its golden beautiful beaches and crystal-clear waters, its pine-scented forests and superb climate, and its safe and stable hotspots that are imbued with luxury, Cyprus has something to offer its visitors every month of the year. Recently, it has become an increasingly appealing destination for non-EU foreign nationals seeking to obtain permanent residency and citizenship statuses in an EU country by meeting investment-specific criteria.   
 
Whether through the fast track or regular track routes, an investor and his/her family can obtain Cyprus permanent residence in 3 to 15 months respectively.

INVESTMENT SCHEME


- Regular Track Permanent Residency: The applicant is required to have purchased a resale
property residence for his/herself and his/her family in Cyprus at a value below €300,000 (excluding VAT).
 
- Fast Track Permanent Residency: Under this track, the applicant is required to have
purchased a new (not resale) property residence from a developing company for him/herself
and his/her family in Cyprus at a value no less than €300,000 (excluding VAT).
 
- Locations:
Property can be purchased everywhere in Cyprus. In recent years, Bluemina has helped
applicants purchase property in Larnaca, Paphos, Limassol, and Protaras.
 
-Projects in Larnaca:
Situated on Cyprus’s southernmost coast, Larnaca is the country’s third largest city and
home to the second largest commercial port. Larnaca International Airport is located on the
outskirts of the city, with easy access to and from the city centre.
 
-Projects in Paphos:
Paphos is a charming harbor town southwest of Cyprus. Besides its golden sandy
beaches, it is one of the most culturally rich areas of the island.
 
-Projects in Limassol:
Limassol is the second largest urban area located on the southern coast of Cyprus.
It is a great base for travelers who want to enjoy a vibrant seaside lifestyle while
still experiencing the cultural heritage of Cyprus.
 
-Projects in Protaras:
Family-friendly and tranquil, Protaras is situated along the sandy coastline of
Cyprus’s Fig Tree Bay.
 

Benefits of Cyprus Residency

  • Fast Track: Permanent Residency within 3 months
  • Permanent Residency obtained with 8-12 months with the regular track
  • Permanent Residency in an EU country, which will soon join the Schengen zone allowing all Cyprus permanent residency holders to travel freely through Europe
  • Obtaining a lifetime permanent residency with no expiration date
  • Full citizenship obtained after seven years of residing in Cyprus
  • Once obtained, the Cyprus permanent residency facilitates the process of acquiring a Schengen visa
  • No physical residence requirements during or after the application process to maintain the permanent residency 
  • Only one visit once every two years is required
  • No education requirements, and no interviews or written test required as part of the application process
  • No language requirements
  • One of the lowest property tax rates globally
  • No Inheritance tax on inherited property
  • Freehold Property
  • Property investment can eventually generate rental income
  • Family members (spouses, unmarried children between 18-25 of age and dependent parents of both spouses’ parents) can also obtain permanent residency
  • High standard of international schooling, in addition to universities with lower tuition costs than those in EU countries.

BECOME A GLOBAL CITIZEN

Obtain a Europpean permanent 
residency for yourself and family
in a few months, which offers
you freedom of movement
and travel; Your chance to
become a global citizen;
while enjoying a tax free
living.