Want to move and live in Cyprus but don’t know which visa to apply for? Are you confused about the different types of visas they offer? Would you be better of having a permanent resident visa or just apply for citizenship? Here’s everything you need to know about Cyprus citizenship and residency by investment.
Everything You Need to Know About Cyprus Citizenship and Residency by Investment
Faster Processing Time and Turnaround
One of the perks in applying for Cyprus citizenship and residency by investment is the faster processing time for application and turnaround. Let’s break down and differentiate Cyprus citizenship and residency by investment.
Cyprus Citizenship by Investment
Cyprus offers the quickest and faster turnaround time for citizenship by investment. In just 3-6 months, you’re guaranteed to get citizenship and a Cypriot passport. This is if you comply with all the documents and paperwork needed for your application. Furthermore, you need to be mindful of all the requirements needed to avail of Cyprus citizenship by investment.
- You’re required to invest a minimum of 2 million Euros in real estate. This means either you can purchase a Cyprus real estate property worth 2 million. If not, you can buy several properties amounting to its worth to the required amount.
- Another Cyprus citizenship and residency by investment requirement is to donate an astounding €75,000 each to the Land Development and Organization and Governments Research and Development Fund.
- You need to keep your real estate investment intact for at least 5 years after being granted citizenship. Afterward, you can start selling some of your properties. Just make sure to leave at least 500,000 Euros worth of properties to maintain your citizenship and permanent residency.
Cyprus Residency by Investment
Don’ have that much amount to invest yet? Do you want to start small? Then Cyprus’ permanent residency by investment is perfect for you! For only 500,000 Euros, you can now invest it in a real estate property in Cyprus and get a permanent residency visa. It can even be lowered down to 300,000 Euros.
The Cyprus citizenship and residency by investment visa will be granted two months after your application. The greatest part? You can apply for a residency visa for you and your family in that amount! Not only Cyprus give faster turnaround time, but the residency status will also last for a lifetime.
Benefits of Acquiring Cyprus Citizenship and Residency by Investment
Despite the hefty amount that you need to invest to get Cyprus citizenship and residency by investment, it’s worth it in the long run, though. You’ll find most investors willing to spend millions of Euros on Cyprus. Why? It’s because of its stunning benefits.
Aside from its faster turnaround time, both residency visas and citizenship can last for a lifetime. This means your children and their future offspring can become full-fledged citizens. Aside from that, you and your family can get access to premium social services like education and healthcare too.
If you opted for citizenship, you can avail of a second passport too. This means you’ll have access to ease of travel in over 100+ countries nationwide! This means you’ll have access to travel anywhere without dealing with the hassle of acquiring a visa.
Furthermore, you may also opt to live anywhere in the European Union for the duration of your residence visa or even when you have citizenship status already! Most of all, most investors enjoy favorable tax regimen for their personal income and businesses.
Contact our professional agents now to start your Cyprus application!