CYPRUS PERMANENT RESIDENCY PROGRAM

The Cyprus Permanent Residency (PR) program provides non-EU individuals with the opportunity to live permanently in Cyprus within a few months. By making a minimum investment of €300,000 + VAT in eligible new residential property, applicants can secure a permanent visa that covers their spouse, dependent children up to 25 years old, and, under certain conditions, parents. This program is designed to offer a fast, reliable, and secure pathway to life in Cyprus, one of Europe’s most attractive destinations.

Benefits of Cyprus Permanent Residency Program

● Family Coverage: PR benefits extend to the spouse, dependent children, and parents (with an additional investment of €300,000 + VAT in a separate property).
● Path to Citizenship: Applicants may apply for Cypriot citizenship after 7 years, provided they have resided in Cyprus for a total of 5 years, offering long-term security and opportunities.
● European Mobility: Residency in Cyprus facilitates travel and business across the European Union, making it easier to live, work, or invest in Europe.
● Favourable Tax Environment: Cyprus offers one of the lowest corporate tax rates in the EU (12.5%) and a network of double taxation treaties with over 60 countries.
● Reduced VAT: Buyers of their primary and permanent residence may benefit from a reduced 5% VAT rate, subject to certain conditions.
● Non-Dom Tax Advantages: PR holders who qualify as Cyprus tax residents under the Non-Domicile regime may be exempt from the Special Defence Contribution (SDC) on worldwide dividends and interest for up to 17 years.
● Dependent Children: Children included in the PR application may retain their status after turning 18 if they meet the financial dependence criteria.
● Business Opportunities: Permanent Residency makes it easier for individuals to establish and operate a Cyprus-based company, benefiting from favourable tax and regulatory conditions.
● High-Quality Living: Cyprus provides excellent educational institutions and modern healthcare facilities, ensuring a high standard of living for the whole family.
● Flexible Property Investment: The property does not need to be fully completed before applying for PR, provided the purchase agreement is in place, and payments are made.
● Safety and Security: Cyprus is widely regarded as one of the safer countries in Europe, with low levels of serious crime.