How do I get residency in Cyprus?

How long does it take to get a residence permit in Cyprus?

Processing time

The fast-track Cyprus residency by investment is obtained in about two months. On approval, the lawyer can collect the cards on behalf of the investors. It is estimated that the period for the examination of the application for permanent residency under category F shall be 18 months.

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 British citizens live in Cyprus?

UK citizens can visit Cyprus for up to 90 days in any 180-day period without a visa¹⁰, but if you want to stay longer you’ll need to apply for a temporary residence permit¹¹. This is also known as a ‘pink slip’. … With this permit, you can live in Cyprus but you can’t work – this makes it a good option for retirees.

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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 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.

Can you stay in Cyprus for more than 90 days?

Once you purchase a property in Cyprus you automatically have a right for a multi-visa for up to 5 years. This visa will allow you multiple entry for stay up to 180 days per year and up to 90 days within every 6 months period.

How much is rent in Cyprus?

Those who are renting long-term can expect to pay around 450 euros and up for the same type of apartment or house, and around 550 euros for a two bedroom place. This is the rate for Limassol. Renting a place in Paphos, Larnaca and Nicosia will cost you a lot less.

How long can you live Cyprus without residency?

You do not need to spend time living in Cyprus before applying for citizenship, but you have to hold a residence permit for six months before the application is finished.

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Does Cyprus give citizenship?

A Cyprus citizenship is equivalent to an EU citizenship, and as such, one can reside or work in any of its 26-member countries. Listed are some of the significant benefits of becoming a Cyprus passport holder. No residency requirements to obtain citizenship. Enjoy visa-free or visa-on-arrival access to 174 countries.

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.

Can foreigners buy property in Cyprus?

In short – yes, foreigners are able to purchase property in Cyprus. What’s more, it’s easier to do so here when compared with many European countries. EU citizens are able to purchase property in Cyprus with no restrictions.

How much do you need to live comfortably in Cyprus?

There is no limit to it. The family (2-3 people) needs about 2000 – 3000 EUR per month for living in the renting apartment for a comfortable life. At numbeo.com, you can compare the cost of living in any city in Cyprus, relative to your place of residence.

Is healthcare free in Cyprus?

State healthcare in Cyprus is not free. Healthcare costs are covered by both the state and through patient contributions. These are known as co-payments. Cyprus’s national health service is called the General Healthcare System (GHS).

Is it cheaper to live in Spain or Cyprus?

Cyprus is 0.0% cheaper than Spain.

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Sunny Cyprus