On March 24, 2021, the Cyprus Immigration Bureau officially updated the Cyprus Permanent Residence Program policy, and it will be implemented immediately on that day.
Source: Cyprus Immigration Bureau
The current Cyprus permanent residence project policy reduces the application threshold, simplifies the application conditions, and adds new investment methods. It will meet more investment needs of applicants, or it will once again boost the wave of immigration to Cyprus!
New Cyprus Permanent Residence Card Source: Xingyunhai International
The specific content of the political change is as follows:
01
Abolish the 30,000 euro deposit requirement for opening an account in the Bank of Cyprus. No need to open an account, you can get a green card by directly purchasing a property worth 300,000 euros.
02
On the basis of the original investment method, 3 new investment methods are added:
? Invest 300,000 Euro and non-residential real estate, such as offices, shops, hotels. It can be a new house or second-hand house property.
? Purchase of shares in a Cyprus company worth 300,000 Euros. The company needs to operate as an entity and employ at least 5 employees.
? A collective investment fund that invests 300,000 euros in a Cyprus investment institution. (AIF, AIFLNP, RAIF type)
03
The approval period is shortened, and the government promises that the applicant will be approved within 2 months! One person can apply for permanent residence for three generations in one step.
The above is the details of the policy adjustment of the Cyprus permanent residence project. If there are new changes in the follow-up, Xiaoxing will provide you with the first time. If you want to know more about permanent residence status in Cyprus, you can contact us.
Xingyunhai International Cyprus Real Estate Project Listing Appreciation
In addition, Cyprus joining the Schengen country has entered the evaluation of The third stage.
Currently, Cyprus is a member of the European Union, a member of the Commonwealth and a member of the Eurozone.
After joining the Schengen area, it will help Cyprus attract foreign investment and bring significant advantages over other European countries.
Among them, the most notable is to enjoy the free entry and exit between the 26 Schengen member states of !
Xingyunhai International Cyprus Real Estate Project Listing Appreciation
Advantages of Cyprus permanent residence project   ;
Convenient and fast: the review speed is fast, and the government promises to complete the review and approval within 2 months
Investment method: low investment amount, real estate investment, stable and risk-free
Fund review: no need for business background and proof of source of funds
Can advance or retreat: retain the mainland identity without affecting the mainland's career and life
Benefit the whole family: One person applies and the whole family obtains permanent residency status in Cyprus (including spouse and unmarried children under the age of 18)
Comfortable and livable: highly developed spiritual civilization, high quality of life
Medical education: enjoy free medical care and high-quality education up to the university
Government policy: The government advocates a free economy and regards foreign investment as one of the main driving forces of the economy
Legal Regulations: Legislation and supervision system harmonized with the European Union
Geographical advantage: the door for Chinese companies to enter the European Union, the Middle East and Africa
Cyprus
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Saint Kitts and Nevis
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