CYPRUS OVERVIEW
Cyprus, officially called the Republic of Cyprus, is an island country in the Eastern Mediterranean. The third largest and third most popular island in the Mediterranean, it is located south of Turkey; west of Syria and Lebanon; north of Egypt, Israel and southeast of Greece.
- Independence Day: October 1st, 1960.
- Area: 9,251 km2.
- Capital: Nicosia
- National population of about 839,000 people, an estimated 35% of the population lives in the capital Nicosia. Other cities are Larnaca, Limassol, and Pafos.
- Climate: Cyprus has a subtropical climate – Mediterranean and semi-arid type with very mild winters (on the coast) and warm to hot summers.
- Main language: English (80%); Greek; Turkish.
- Currency: Euro (EUR).
- Cyprus has a free-market economy based mainly on service industry and is one of the most prosperous economies in the Mediterranean region.
- In the past 20 years, the economy has shifted from agriculture and light manufacturing to services.
- The country’s GDP reached 24.96 billion USD (2018), with GDP per capita of 28,159.30 USD (2018).
- Tourism and service (financial and health service), industry (mining, manufacturing, chemicals, etc.) and construction make up the most of the country’s GDP.
- Cyprus joined the European Union in 2004. In 2008, the Republic of Cyprus joined the Eurozone.
- Health care in Cyprus accounted for 7% of its GDP in 2014. Between 2010 and 2014, health care spending increased from $1,705 per capita to $2,062 per capita.
- Cyprus has a multi-payer health care system that consists of a public and private sector. The public sector is funded by payroll, earnings taxes, and employer contributions. The public sector healthcare provides social insurance for the employed, self-employed, and for several types of civil servant.
- Cyprus has a highly developed primary and secondary education system with both public and private education systems.
- The high quality of education comes from above average proficiency among teachers.
- The fact that nearly 7% of GDP is spent on education makes Cyprus one of the top three countries spending the most on education in the EU, along with Denmark and Sweden.
CYPRUS’S CITIZENSHIP BY INVESTMENT IS THE ONLY PROGRAM TO RECEIVE EUROPEAN'S CITIZENSHIP BY OWNING REAL ESTATE.
WHY CHOOSE CYPRUS?
CITIZENSHIP BY REAL ESTATE INVESTMENT PROGRAM
The Cyprus Immigration by Investment Program, approved and enacted in April 2013, allows foreign investors to receive Permanent Residence or Citizenship when purchasing real estate in Cyprus.
The Cyprus’ Citizenship by Investment Program is based on a decision by the Council of Ministers. Investors purchasing real estate in Cyprus will receive a Cyprus Passport and enjoy the benefits of a European citizen after only 8 months.
PROGRAM ELIGIBILITY
- Invest in 01 or many real estates with a minimum value of 2,000,000 EUR.
✔️In case of parents as dependent: Buy another EUR 500,000 real estate.
✔️In case of parents-in-law as dependent: Buy another EUR 500,000 real estate . - 200,000 EUR (non-refundable) to the Cyprus Government Development Fund.
- Clean criminal record.
- Main applicant aged 18 years or older.
- No language or education required.
INVESTOR’S BENEFITS
- Quick profile process time (9-12 months)
- All the acquired assets can be sold, only required to keep a property with a minimum value of EUR 500,000
- Three-generation family eligible, main applicant’s spouse, children up to 28 years old, parents, parents-in-law.
- Short residence period.
- Enjoy EU freedoms to live, work, study, or travel anywhere in the EU.
- Visa-free travel to 173 countries
- Attractive tax regime. Zero taxes for non domiciled individuals. No dividend tax and no inheritance tax
Why choose JA & Partners ?
JA & Partners was founded by a more-than-10-year-experience team in immigration industry. We have experienced handling difficult applications especially documents requiring financial proofing, such as the US, Australia, Canada, Europe, the Caribbean program . Our partners are global leading law firms with 100% approval, as well as 40-year-experience reputable real estate investment corporations.
Our professional and dedicated relationship management team will ensure all your requirements, support, and follow up during the application process and even when investors migrate to countries.
PERMANENT RESIDENCE PROGRAM
INVESTMENT OPTION
- Invest in real estate with a minimum value of 300,000 EUR.
- Open an account of at least 30,000 EUR in the Republic of Cyprus
PROGRAM ELIGIBILITY
- Invest in real estate with a minimum value of 300,000 EUR
- Open an account of at least 30,000 EUR in the Republic of Cyprus.
- Proof of annual income outside Cyprus must be at least 30,000 EUR and an additional of 5,000 EUR for each dependent.
- Come to Cyprus once in 2 years to maintain permanent residence; OR accumulate 5 years in 07 years (cumulative) to receive citizenship.
INVESTOR’S BENEFITS
- Enjoy the benefits of a European citizen
- Right to apply for European Citizenship after 07 years.
- Three-generation family eligible, main applicant’s spouse, children up to 28 years old, parents, parents-in-law.
- Permanent residence valid for life, only required to stay in Cyprus for 1 day every 2 years.
- Full ownership of real estate.
REAL ESTATE PROJECT
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