Syprus permenent residency

If you are looking for permanent residency in Cyprus, you should know about the Cyprus Permanent Residency Programme designed for foreigners who wish to invest in Cyprus. This is offered if the following requirements are met:

Residential or other properties must have a minimum market value of € 300,000 + VAT purchased in Cyprus.

You must provide a secured annual income from abroad as well as other sources outside of employment in Cyprus.

Your funds will be transferred from abroad and deposited into a Cyprus Bank in a 3-year Fixed Deposit account.

As a residence permit holder, you must visit Cyprus at least once every 2 years in order to maintain your status.

Noteworthy Benefits:

Cyprus is a common law jurisdiction

Properties acquired freehold

There is no inheritance tax applied

There are no language requirements

Low property tax

Reduced 5% VAT

Zero Capital Gains Tax for each property purchased which is valid until 31-12-2016

Cyprus is known for one of the lowest crime rates throughout Europe

Have access to beaches, enjoy this popular tourist destination, and soak in this incredibly mild climate

Perfectly located at the crossroads of Europe, Africa, and Asia

Another excellent benefit, you w3ll have an advanced infrastructure and very contemporary, modernized airports with connections to all major destinations.

Summary:

Cyprus is a common law jurisdiction

Properties acquired freehold

There is no inheritance tax applied

There are no language requirements

Low property tax

Reduced 5% VAT

Zero Capital Gains Tax for each property purchased which is valid until 31-12-2016

Cyprus is known for one of the lowest crime rates throughout Europe

Have access to beaches, enjoy this popular tourist destination, and soak in this incredibly mild climate

Perfectly located at the crossroads of Europe, Africa, and Asia

Another excellent benefit, you w3ll have an advanced infrastructure and very contemporary, modernized airports with connections to all major destinations.



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