The government of Cyprus has devised different incentives to attract foreign investments. One of these is the Cyprus Permanent Residency program offering non-EU nationals guaranteed permanent residency shall the applicants meet certain criteria.
This means that the investor and the rest of the family has the right to live freely in Cyprus or continue to live in their home country and use the permit only whenever they need it. The permanent residency status is valid for ever and no renewal is required therefore, it can act as an insurance policy for the family in the future.
It applies to the investor, their spouse, minor children, unmarried dependent children up to the age of 25 and the parents and in-law parents of the investor. The Cyprus Permanent Residency program is unique as once the permits are obtained they are valid forever, even after the children are no longer dependent.
Permanent Residency Benefits
One of the lowest personal and corporate tax rates in EU.
Cyprus PR holders are exempted from time-consuming immigration procedures that apply to third country nationals.
Applies to all family members including the parents of the investor and parents in-law.
The Cyprus PR holders are allowed to reside freely in Cyprus and travel in and out of Cyprus without any restrictions.
Subject to certain residency requirements, the Cyprus PR holders can apply and obtain the Cypriot Citizenship.
Strategic location of Cyprus allows easy access to Europe, Middle East and Africa through 2 international airports available on the island.
EU Lifestyle – living in a European Country with unlimited movement anywhere within the EU.
High quality of National Health Systems.
