Residents of Cyprus, including individuals and enterprises, enjoy an exceptionally favorable tax climate. Over 80% of the population speaks English, and there are good educational facilities on the island, including major UK universities with campuses. Cyprus boasts Europe's lowest crime rate and is the world's fifth safest country. Thus, it will be the best place for you if you apply for Golden Visa.
Cyprus provides two types of Golden Visas, the first leading to citizenship and the second to permanent residence. The difference is due to the minimum investment amount.
To obtain Cyprus citizenship through investment, the candidate must invest at least €2 million in real estate. The investment needed for permanent residence is lower, at €300,000.
To be eligible you;
You must provide the required documents for Cyprus Golden Visa.
Furthermore, all documents should be translated into English or Greek.
When to Apply
You should apply once you have the required investments and other necessary documents. Moreover, also look for the visa processing time before you apply.
Visa Processing Time
Usually, this visa is processed within a couple of months. It can take longer depending on the availability and authenticity of documents.
How to Apply
After completing your investment, you must apply for Cyprus citizenship at the Ministry of Interior. You can either apply yourself or employ a lawyer.
If you have family members joining you, you must submit all of your applications simultaneously.
Duration
The Golden Visa is valid for life, but you might have to visit the country every once in a while.
Fees
The visa may cost up to 500 EUR.
There is no need to apply for an extension.
Business
You can invest in Cyprus through Golden Visa.
Dependants
Include family members, if any.
Multi-entry
Enter or leave the country as you please.