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Cyprus, known as the jewel of the Mediterranean and the mythical birthplace of Aphrodite, offers a captivating blend of rich cultural heritage, stunning natural beauty, and warm hospitality. With its golden beaches, clear blue waters, pine-scented forests, and a superb climate boasting over 300 days of sunshine annually, Cyprus stands as Europe’s sunniest country.
The island enjoys a pristine environment recognized as one of the healthiest globally by the World Health Organization, largely untouched by industrialization. Economically, Cyprus thrives, supported by political stability spanning three decades and membership in the European Union since May 2004. As a leading business hub in the region, Cyprus excels in sectors such as tourism, consultancy, shipping, telecommunications, banking, and insurance.
Safety is a hallmark, with low crime rates compared to US and European standards. Cypriots are renowned for their hospitality, extending a warm welcome to visitors and locals alike. While Greek and Turkish are the predominant languages in the south and occupied north respectively, English is widely understood, particularly among younger generations across the island.
Historically, Cyprus is rich with landmarks like the legendary birthplace of Aphrodite near coastal cliffs in Paphos, embodying her myth as the goddess of beauty and love. Other notable ruins include ancient Salamis near Famagusta, the Kourion theatre near Limassol, the Kolossi Castle, and the Centaur floor mosaic in Paphos. From ancient Greeks and Romans to Crusaders, Byzantines, Franks, and Ottomans, Cyprus’s history offers a legacy ripe for exploration by modern visitors since the dawn of recorded history.
Investing in real estate opens the door to acquiring a Permanent Residence Permit in Cyprus, offering several advantages:
Permit issued swiftly, typically within 2 months
Minimal residency obligation, requiring only a visit to Cyprus once every two years
Extended to all family members
Lifetime validity without the need for periodic renewal
Facilitates the establishment of a business in Cyprus and the receipt of shareholder dividends
To qualify for Cyprus Permanent Residency through investment, candidates must meet the following conditions:
Investment Threshold
The foremost requirement entails investing a minimum of €300,000 in residential real estate. Square One Property Partners is equipped to assist you in locating suitable investment properties.
Financial Stability and Source of Funds
Applicants need to demonstrate a steady and legitimate source of income. Documentation validating the source of funds, such as bank statements, tax filings, and business records, will be essential.
Clean Criminal Background
Applicants and dependents aged 16 and above must furnish a clear criminal record from their country of residence.
Residential Address
Candidates are required to furnish a valid residential address in Cyprus.
Health Insurance
It is obligatory for all applicants to furnish evidence of valid health insurance coverage in Cyprus.
