CYPRUS

Cyprus offers a residency program through investment, known as the Cyprus Residency by Investment Program.
It's important to note that the Cyprus Residency by Investment Program has specific requirements and restrictions, and potential applicants should seek professional advice before making any decisions.

Some of the benefits of this program include:
1. Fast-track application process with a decision within two months.
2. No language requirements or medical examinations.
3. Cyprus residency permits will allow visa-free travel within the European Union's Schengen area after Cyprus enters Schengen area.
4. Residency permits are valid for ten years and can be renewed indefinitely as long as the requirements are met.
5. Cyprus has a favorable tax system, with one of the lowest corporate tax rates in Europe.
6. Investors are not required to reside in Cyprus, but they must visit the country at least once every two years to maintain their residency permit.
7. The program offers various investment options, including real estate, business investments, and investment in Alternative Investment funds.
8. Cyprus offers a high standard of living with a Mediterranean climate, beautiful beaches, and a rich cultural heritage.
9. Right to include spouse, children up to 25 years old, parents and in-laws in to main applicant’s application

To be eligible for the Cyprus Residency by Investment Program, applicants must meet certain requirements, including:
1. Investment in real estate, business, or government bonds in Cyprus.
2. A clean criminal record, as well as good health and character.
3. A minimum investment of €300,000 in residential property, company or alternative investment fund.
4. Proof of the source of the investment funds.

The application process for the Cyprus Residency by Investment Program includes several steps, including:
1. Preliminary internal KYC procedures
2. Signing service agreement with Montegna Private
3. Choosing investment option and making the preferred investment
4. The submission of an application and supporting documentation.
5. Government due diligence process to ensure that the applicant meets the requirements and has a clean background.
6. The payment of application fees
7. The issuance of a residency permit, which typically takes around two months.

POPULATION AND AREA

1 207 k people

9 251 sq km

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