To obtain a Permanent Residence Card, the investment requirements are much lower: You must purchase real estate property worth at least €300,000. You must make a €30,000 deposit into a bank in Cyprus. The money will be kept for three years.
Is it easy to get citizenship in Cyprus?
Application for Cyprus citizenship can be submitted by foreigners, who have completed a total of 7 years of legal residence in Cyprus (2555 days of staying in Cyprus) before the application date. The applicant must have resided continuously in Cyprus through the last 1 year before applying.
Can an EU citizen live in Cyprus?
EU Citizens are free to enter, leave, travel and live in Cyprus and may also engage in any economic activity, either as paid employees or self employed persons, service providers or engage in any educational opportunity in Cyprus, under the same conditions as Cypriot citizens.
How much does it cost to get citizenship in Cyprus?
Cyprus — $2 million minimum investment
There are two requirements for securing citizenship in Cyprus: A direct minimum €75,000 ($84,000) donation to the Research and Innovation Fund. A direct minimum €75,000 ($84,000) donation to the Cyprus Land Development Corporation.
Can I stay in Cyprus for more than 90 days?
Cyprus temporary residence permit, the so-called Pink Slip, allows Non-European Union passport holders to extend their stay in Cyprus for more than 3 months (90 days). It will also enable tourists and visitors to extend their stay no matter what was the duration of their initial visa.
Are cars cheap in Cyprus?
New and used cars are more expensive to buy in Cyprus than the UK. It may be more cost-effective to purchase a car on the island, however, if excise taxes add up when shipping yours over. It’s worth noting that cars tend to retain their value more in Cyprus than they do in the UK.
How much money do you need to live in Cyprus?
Family of four estimated monthly costs are 2,845$ (2,411€) without rent. A single person estimated monthly costs are 807$ (684€) without rent. Cost of living in Cyprus is, on average, 14.12% lower than in United States. Rent in Cyprus is, on average, 45.43% lower than in United States.
Are there job opportunities in Cyprus?
Although there are several jobs throughout the year, most part time jobs usually open up more frequently in summer as the island is abuzz with domestic and international tourists the main cities such as Nicosia, Limassol, Paphos and Larnaca present students with better job-seeking opportunities as they have larger …
Can I immigrate to Cyprus?
If you wish to obtain permanent residency in Cyprus and you are willing to invest in the country, you may apply for a permanent residence permit (Category F) through the standard procedure. This scheme leads you to permanent residence in 1 year. To be eligible, you must purchase or rent a property in Cyprus.
Is moving to Cyprus a good idea?
It also offers unique cultural traditions and a wealth of exciting places to visit. When it comes to moving abroad, expats from all over the world, consider Cyprus to be one of the most desirable locations there is. There is a well-established, substantial UK expat community living there.
Does Cyprus allow dual citizenship?
Cyprus allows its citizens to hold foreign citizenship in addition to their Cypriot citizenship.
Can I still retire to Cyprus after Brexit?
Now that the UK has left the European Union, British citizens no longer have the right to settle in EU countries like Cyprus without a visa or residency documents. If you haven’t lived in Cyprus before and didn’t have residency documents before 31st December, certain restrictions will apply if you want to retire there.