Cyprus A Streamlined P.R. Program OBTAIN A PERMANENT RESIDENCE PERMIT IN CYPRUS, WITHIN TWO MONTHS, WHEN BUYING A RESIDENTIAL PROPERTY WORTH 300,000 (HERE AND BELOW AMOUNTS ARE EXCLUDING VAT WHERE VAT IS APPLICABLE).BY PROPERTY PURCHASE.
Permanent Residence Cyprus (P.R.) Obtain a permanent residence permit in Cyprus, within two months, when buying a residential property worth 300,000 (here and below amounts are excluding VAT where VAT is applicable).by property purchase. The Benefits of the programme are: 1. An express procedure - 2 months to be approved 2. Once Cyprus enters the Schengen zone (expected in the near future), Cyprus permanent residence (PR) permit holders will have the right to travel freely in the zone 3. permanent residence is granted to an applicant, applicant s spouse, their minor children, financially dependent adult children up to 25 years (if they are single), as well as their parents 4. PR permit holders are free to enter and live in Cyprus without the need to obtain a visa 5. They are not obliged to actually relocate to Cyprus - they simply need to visit Cyprus once every two years to maintain the permit 6. The PR holder and family have a second home in Cyprus 7. Being a holder of a Cyprus PR permit in itself does not affect one s tax liability in Cyprus 8. Actual residence in Cyprus may lead to eligibility for Cyprus citizenship by naturalization, currently after 7 years (2555 days) of staying in Cyprus in 10 calendar years
Benefits of Permanente Residence Personal Benefits High quality of life European Passport opportunity Rental income No inheritance tax The best medical facilities High quality healthcare Possibility to access British University Permanent residency is for life 1 generation apply, 3 generations benefits Business Benefits With its strategic location, great accessibility, excellent infrastructure combined with the numerous Government incentives. Low corporate tax rates, the numerous double tax treaties that Cyprus has concluded with other countries, offer tremendous possibilities for international tax planning through.
Permanent Residency Procedure PR For investor & Families Residential Property 30,000 Annual income abroad 30,000 Bank deposit Clean criminal record Health Insurance Visit Cyprus every 2 years Typical Permanent Residence Procedure Purchase a property Submit documents Pay at least 200,000 File for PR Approval 0 30 Days 60 Days Approval procedure will takes 60 days
Why Choose Cyprus Safety - Cyprus is among the top 5 safest countries in the world for 2015 and 1st among smaller countries. This is according to a study published on Value Penguin. The data that they considered for the study was the population of every country, CO2 emissions, life expectancy, the amount of traffic accidents, the water quality and theft, kidnapping and the trafficking of drugs. Wonderful climate and a healthy environment The only European country where one can swim in the sea in November Sunny days range from 300 to 340 a year In winter average temperature is 15 C in thedaytime and in summer it is 30 C Cyprus population is only 858 000 people. There are no large industrial enterprises, which could pollute the environment. Car park is modern and uses only petrol/diesel of European quality. As a result Cyprus has clean and healthy environment The greatest number of blue flag beaches percoastal line in the World.
Requirements of P.R. Applicants Requirements for applicants Buy a property the value of which is at least 300,000. The property shall be new and purchased from a developer Payment of at least 200,000 to be made Provide evidence that the applicant s annual income amounts to at least 30,000 with income sources located outside Cyprus. Applicant must also demonstrate an additional minimum income of 5,000 per year for spouse and each child and 8,000 per year for each parent of applicant and his/her spouse Deposit the sum of 30,000 into a Cypriot bank for a 3-year period Obtain a permanent residence permit in Cyprus, within two months, when buying a residential property worth 300,000 (here and below amounts are excluding VAT wherevat is applicable)
A Destination for the Rich After a survey conducted by some of the most well-known property consultants worldwide, Knight Frank Lifestyle, Cyprus ranks as the 5th most popular spot for wealthy individuals. This report focuses on 23 destinations around the world and ranks them, placing Dubai on the winning bar. The large number of International schools in Dubai was deemed rather satisfactory, as well as recreational activities and the long hours of sunshine. Second place was taken jointly by Cayman Islands, Mallorca and Geneva, winning points on all ten lifestyle categories. From the results, Cyprus is an attractive destination providing a warm, friendly place to be for people who wish to reside here or withdraw as pensioners in a country with a lot of sunshine. Furthermore, tax coefficients in Cyprus may range from a very small tax to total tax exemption from foreign income or tax relief on local income. Cyprus possesses a pretty attractive tax regime with relevantly low taxation rates for earned income, capital gains tax, it is confined to immovable property placed in Cyprus, there is not tax for wills and succession of estate, neither withholding income tax on investments.
SELECTED PERMANENT RESIDENCY PACKAGES A LL PA C KA G E S S UB J E C T T O AVA I LA B I LI TY
AYIA NAPA ANGLISIDES CAPE GRECO AYIA THEKLA
Globe Investments Holdings Ltd Reg. No. HE335051 Stella Maria Tower, 3rd floor 3 Artemidos Ave., Larnaca 6027, Cyprus PO Box 40640, Larnaca 6306, Cyprus Tel: +35724650230 Fax: +35724650235 Email: info@globeinvestltd.com www.globeinvestltd.com