European residency by investment programs are well-known. Yet, with so many on the table, it is hard to pick just one. After all, there is no one correct answer, but many of them, depending on your circumstances and wishes.
But probably the one that fits the most gloves is Cyprus. For those who can afford it, it is one of the best options for a variety of reasons.
As you know, in Mundo we value freedom. And Cyprus is one of the freest countries in Europe thanks to its low taxes, relaxed lifestyle, and excellent privacy options. You will enjoy a typical Southern European lifestyle, but at a fraction of the price of what it would cost in Italy, Portugal, or Spain. Plus, the program has one of the fastest processing times in the EU. For €300,000, you can receive a Cypriot residency that will allow you to live, work, and invest freely in Cyprus and travel without restrictions throughout the EU.
Why is Cyprus widely considered the best European residency by investment?
- Low taxes: A 12.5% corporate tax rate and a non-dom regime where you will only be taxed on your local income, receive a 50% deduction on your personal income tax rate, and juicy deductions in other kinds of taxes.
- One of the best qualities of life in Europe: Cyprus enjoys 320 of sunshine per year and the best of the best of the Mediterranean diet with endless wine trails and local spice and fruit markets. Plus, it has an excellent healthcare system and many different international schools to choose from.
- Privileged location: Cyprus is less than three hours away in a plane from all major European, North African and Middle Eastern capitals with hundreds of flights and connections to all these destinations.
- Smart investment solutions: We work with the best real estate developer in Cyprus with products especially designed for the RBI program. Some RBI and CBI programs are rarely profitable, but Cyprus is an exception.
- Quick and easy process: The process does not have never-ending requirements. You will receive an answer in 90 days and you can include your spouse, parents, and dependent children up to 25 years old in your application.
What should you know about getting an EU permanent residence by investment in Cyprus
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Minimum investment |
€300,000 + VAT real estate investment (€200,000 paid before the application). |
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Requirements |
Five-year foreign-sourced €30,000 deposit Yearly foreign income of at least €30,000 (+5,000 per dependent child and €8,000 per dependent adult) Clean criminal record No frozen assets within the EU |
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Time |
2-3 months |
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Notes |
You must visit the country at least every two years. You cannot work in the country, but you can own a company. |
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Beneficiaries |
Main applicant Spouse and financially dependent children up to 25 years old Financially dependent parents of the applicant and/or his spouse |
- Title deeds or sale contracts for the property(ies) and proof of payment
- Evidence of the minimum annual income and proof of deposit
- Clean criminal record
- A statement confirming you will not work as an employee
- Source of income
- Proof of occupation, residence, and health insurance
- Original and photocopy of passport
