In my last few articles we looked out how the major European Residency Programmes matched up against the key points of consideration. Whilst all the programmes have their merits there is one outstanding programme that excels against ALL the major points for consideration. That is the Cyprus Permanent Residency programme
The Cyprus Permanent Residency programme with over 3,000 successful applicants in the past few years has become one if not the most popular residency programmes in the market. So what makes it so special and what’s its appeal.
1. The whole family qualifies for just one single investment of €300,000 in real estate. This includes the investor, spouse, dependants up to the age of 18 and the investor’s parents
2. Unlike all other offerings the Cyprus Residence Permit is Permanent from day one with no need for future reconsideration or application renewals. It is a lifetime permit for the investor and his family.The other residency offerings only provide a temporary visa which has to be renewed after the first year and then every two or more years after that
3. What happens to your children when they reach the age of 18? Most programmes include dependants up to the age of 18, however as most of the offerings are only temporary, your children will typically lose their residency status when they reach adulthood. With the Cyprus Programme your children have a lifetime residency permit even after they have reached the age of 18
4. Cyprus's strategic location at the crossroads of three continents: Europe the Middle East and Africa has been a major factor in attracting investors to the programme. It is just a short flight from many Middle Eastern and an African countries, as well as being the closest to Asia making it a very attractive and flexible solution. It also provides a fast and appealing gateway to Europe
5. Cyprus has one of the lowest crime rates in the world and high quality International Schools. It is the most southerly of the European options, has glorious beaches and 326 days of sunshine a year offering a relaxed, stress-free Mediterranean lifestyle
6. Many successful people suffer from considerable taxation penalties from their current government and the appeal of living in a country with an attractive and low tax regime is considerable
Cyprus’s advantageous tax rates coupled with an extensive list of double tax treaties places it high on the list of preferred jurisdictions for international tax planners. Cyprus is not associated as an “offshore” vehicle. It is simply the lowest tax Jurisdiction in Europe that is not offshore
7. Cyprus enables entrepreneurial successful businessmen to extend their current business or set up a new business providing them with a gateway to the European market and the opportunity to fulfil their business ambitions and goals
8. In addition to all of points already covered the Cyprus Permanent Residency Programme provides you with the opportunity to become full EU Citizens after 7 years
In my next article I will announce which of the European Residency Options best addresses the other key category and that is the cost and ease of obtaining the European Residency Visas.
As previously mentioned you and your family can qualify for the Cyprus Permanent Residency Permits in just 8 weeks by investing €300,000 in European Real Estate.
If you would like assistance or further information with European Residency Visas then feel free to contact me on +447771716434 or derek@europeancitizenships.com
