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Cyprus, an island nation in the Eastern Mediterranean, offers a favorable tax system for both businesses and people. The majority of people in Cyprus speak English, and there are facilities for institutions of higher learning, healthcare, and education. It ranks as the fifth-safest nation in the world. Cyprus has a low property tax of approximately 5% of the value of the property.
CYPRUS RESIDENCY PROGRAM THROUGH INVESTMENT
Cyprus offers two golden visa schemes based on real estate investment. One is for citizenship, while the other is for legal permanent residency. These investment plans are easy and secure. Cyprus offers Permanent Residence by Investment, which can be obtained by investing in real estate. One of the easiest investor visa programs in Europe is this one. The program’s prerequisites are:
For a Cyprus residency visa, an investment of just €300,000 in real estate is required. It is possible to do so in a maximum of two properties and up to a total of €300,000.
The entire family, including the parents of both the primary applicant and the spouse, as well as dependent children up to the age of 25, are included in the two-month Cyprus Permanent Residence visa.
Validity: Spouses and dependant children are eligible for the Cyprus Permanent Residency program. Cyprus’s permanent visa is likewise good for life.
Advantages of Cyprus Permanent Residency :
Free movement: After obtaining permanent status, residents are allowed to travel freely within the European Union. All family members are only obliged to visit Cyprus once every two years.
Benefits: Those with permanent residency visas have access to a top-notch healthcare system, as well as medical benefits.
Security: Cyprus is regarded as one of the top 5 safest countries in the world due to its low crime rate.
Significant Consultant is a top team of immigration experts in the Middle East with five years of experience providing immigration services to people wishing to relocate abroad. Our consultants are actively engaged and ready to assist you at every stage. You may rest easy knowing that your procedure will be quick, easy, and hassle-free.