In the heart of the Mediterranean lies Cyprus, financial and commercial centre of Europe, offering world class health-care and education system.
In the heart of the Mediterranean lies Cyprus, financial and commercial centre of Europe, offering world class health-care and education system.
Third country nationals (non-EU citizens) can apply for the Cypriot residence permit under the Regulation 5 of the Aliens and Immigration Regulations. The following qualifications are required for the application:
The successful applicants must acquire the Cypriot residence within one year from the approval if the resident does not live in the country. The Ministry of Interior may revoke the residence permit if the resident does not visit Cyprus for two years.
In line with the aim of attracting investments from abroad, the main requirement to applying for permanent residency is to acquire new residential property of a minimum value of €300,000 (plus taxes).
Permanent residency can be granted to the following family members:
Married children of the main applicant between the age 18 and 24 year TAX ADVANTAGES As from January 2017 the newly enacted non-domiciled tax system offers a zero-tax rate on dividends, capital gains and interest.
Although same-sex marriage is not yet permitted in Cyprus, civil unions by same-sex couples are accepted.