Zeker Financial Services

Residency Programs

Cyprus

FACT-SHEET

CYPRUS

LOCATION: Cyprus is a popular tourist, business, education and retirement destination.

TimeZone

GMT+2

Population

1,193,808

GDP

21.69 USD Billion

Currency

Euro

Religion

Christians:89.1% Roman Catholic:2.9% Protestant:2.0% Islam:1.8% Others:4.1%

BENEFITS

Investment:
€300,000 + Costs

Time to Residency:
2 – 3 months

Visa Free within Schengen Countries

Why CYPRUS?

  • It is not necessary to reside in Cyprus, but a visit once every two years is required.
  • No Inheritance taxes.
  • High-standard educational institutions and healthcare facilities.
  • Final approval of PR (on a fast-track basis) within 2 to 3 months from date of filing the application.
  • Dependent children between 18–25 and parents of the applicant are also eligible.
  • The whole process can be arranged without being present in the country.

REQUIREMENTS

  • The main requirement is the purchase of new immovable property of a total market value of at least EUR 300,000 plus VAT.
  • The applicant must submit a confirmation letter from a Cyprus bank that they have deposited a minimum capital of EUR 30,000 from abroad into an account that will be locked for three years.
  • The applicant must provide supporting evidence of a secured annual income of at least EUR 30,000 deriving from abroad.

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