Cyprus offers ‘Golden visa’ to persons from outside EU, who buy an immovable property in Cyprus under ‘fast track permanent residency programme’.
The investment requirements for Golden visa in Cyprus are:
- Buy new immovable property of a total market value of at least EUR 300,000 plus VAT which can be purchased by an individual or a company
- Prove evidence of annual income of EUR 30,000 sustainable for living in Cyprus.
- Deposit EUR 30,000 in a cyprus bank locked for 3 years.
Once the application is approved, all the applicants must personally visit migration office in Nicosia, Cyprus within one year to receive their residence permits and thereafter validity of is prolonged by personally visiting Cyprus once in one or two years.
- Permanent residency in Europe
- Easy application process with 2 months processing time.
- No language requirements. Property acquired is freehold.
- No requirement to live in Cyprus
- No inheritance tax. Â Low property tax. Â Reduced 5% VAT
- Cyprus has mild mediterranean climate, and a major tourist destination
- Lowest crime rate in Europe, high-standard educational institutions and healthcare facilities
- Spouse, children upto 25 years can qualify for golden visa in cyprus.
It is possible to apply for Cyprus passport after 8 years of living by naturalising for citizenship. Cyprus does have citizenship-by-investment programme where you can get passport in 6 months by investing 2 million euros
Cypriot passport has visa free travel to 158 countries in the world, according to Visa restrictions index 2017.
