Frequently asked questions about investment immigrants in Cyprus.

1. What types of properties can Cypriot immigrants invest in?

A: It can be real estate such as houses, office buildings and shops.

2. Can the property invested in Cyprus be occupied by itself?

Answer: you can live in your own house or rent it, and the rental income belongs to the individual.

3. What are the application conditions for investment immigrants in Cyprus?

A the applicant must be 18 years old and have no criminal record;

B. Buy a property in Cyprus with an equivalent value of more than 300,000 euros (the property can only be applied after being approved by the authorities).

C. There are assets certificates equivalent to 300,000 euros in the names of individuals and spouses, and supporting documents (total deposits, real estate and company shares) are provided.

D deposit 30,000 euros in a bank in Cyprus, which can be withdrawn after 3 years.

4. What is the process of investing in emigration to Cyprus?

A. Find a domestic immigration agent or directly find a local law firm in Cyprus.

B. Choose a property and pay a deposit.

C. Cyprus bank opens an account, signs a house purchase contract and pays the house price.

D. Prepare immigration application materials (the lawyer will tell you what you need).

E. Submit immigration application documents and pay the government application fee.

F. approval within three months. The Ministry of the Interior issued an approval letter to the lawyer.

G. After the approval letter is issued, the Immigration Bureau will issue a notice of payment to the lawyer.

H All applicants are required to travel to Cyprus to collect fingerprints within three months from the date of issuance.

5. How long does it take to apply for investment immigration to Cyprus?

Answer: After buying a house, give the relevant materials to the lawyer. You can get it in 2-3 months if you invest in a green card, and in 3-4 months if you invest in a passport.

6. Is there any limit on the number of people who immigrate to Cyprus?

A: There is no limit to the number of people you can bring, as long as it is you, your spouse and your children. But if you have no children, nephews and daughters are not included.

7. Can second-hand houses in Cyprus be immigrated?

A: Yes, but there are some hidden dangers. The application time needs 10- 12 months (it is not recommended to invest in second-hand houses).

8. What is the employment situation in Cyprus?

A: According to Eurostat, the employment rate in Cyprus is higher than the average level of EU countries.

9. Does Cyprus levy inheritance tax?

A: There is no inheritance tax in Cyprus.

10. If an unmarried applicant gets married after obtaining an immigrant visa and becomes a permanent resident of Cyprus, can the spouse directly become a permanent resident of Cyprus?

A: No. Spouses in the above cases must go through the same application procedures to become permanent residents of Cyprus.

1 1. Do immigrants need to pay social insurance to enjoy welfare in Cyprus?

Answer: Class F immigrants are not allowed to work (they can open stores or companies, but they can't get paid from their own stores or companies), so there is no social insurance.

The welfare of Cypriot citizens and permanent residents includes free medical care in public hospitals and 12-year compulsory education in public schools. If immigrants do not choose public hospitals for medical treatment, or do not choose public schools, they need to pay their own expenses.

12. What are the advantages of handling investment immigration in Cyprus?

A:

1, the processing speed is fast, and you can get permanent residence status in about 3 months, which is convenient and fast;

2. The investment property is safe and reliable, and can be used for personal use or rented;

3. No business background and funding sources are needed;

4. One person applies and the whole family obtains permanent residence status in Cyprus;

5. A world-class offshore tax paradise;

6. Free travel to and from EU countries for work, business, travel and life; (Cyprus has not yet joined the Schengen Agreement)

7. No residence requirements; There is no immigration supervisor.

8. After becoming a permanent resident, you can choose various ways to obtain citizenship. (Investment or 7-year residence)