Cyprus Proposes €250,000 Residency Program for Financially Independent People
The Cypriot Parliament is debating the introduction of a new residency program requiring a €250,000 property investment and a €40,000 income.
The Cyprus Permanent Residence Program, colloquially known as the Cyprus Golden Visa, allows those who invest at least EUR 300,000 (+VAT) in property, or the same amount in locally registered businesses or investment funds, the right to permanently settle in Cyprus.
Various other fees and conditions apply. To learn more, see the Cyprus Golden Visa program page.
– Investment requirements
– Investment options
– Processing time
– Physical presence requirements
– Program statistics
– Path to citizenship
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The Cypriot Parliament is debating the introduction of a new residency program requiring a €250,000 property investment and a €40,000 income.
Professionals must learn some Greek, earn €2,500 monthly, hold a degree, and have two years of relevant experience, explains Charles Savva.
The new rules allow for naturalization in as little as three years and legally guarantee processing citizenship applications within eight months, writes Charles Savva.
Four years after the scandal first broke, the most prominent defendants in the case are getting their day in court – and pleading not guilty.
As conflict rages in the Middle East, a quiet EU country with a flexible residency program is just an hour’s flight away, writes Charles Savva.
Investors will no longer be able to include parents or in-laws and must show proof of maintained income and investment every year.
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