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Due to the fact that Cyprus is part of the EU and is very strategically located at the crossroads of 3 continents, the Immigration permit for Investors in line with the provisions of Regulation 6(2) of the Aliens and Immigration Regulations is a very attractive immigration option allowing the applicant and his/her family the choice to have an alternative permanent residence in Cyprus indefinitely and offering them a safe and stable permanent alternative.

Why Exactly is the Cyprus Immigration permit for Investors so popular?

Individuals could benefit from investing in Cyprus through the acquisition of Permanent Residency. It can be acquired by investing a minimum of 300,000EUR in Property. The scheme grants the applicant and their family visa-free entry to Cyprus, permanent residency, and the right to reside in the country and open a business. The permanent residency is valid for life but the applicant can also apply for Cypriot citizenship and a passport after 7 years. A point to consider is that Cyprus offers personal tax exemptions for new residents and non-domiciled individuals.

Companies can enjoy a tax system that agrees with EU and international regulations.....

Cyprus has been a favourite destination for relocation for many international businesses over the last few years. This comes as no surprise especially for the servicing industries which have a core expense labour cost. Cyprus having the lowest (last time we checked) employment costs in Europe and one of the highest tax free amount for salaried persons makes it a true challenger when it comes to relocation.