What are the advantages and disadvantages of the Cyprus permanent residence card?

The advantages and disadvantages of the Cyprus permanent residence card are as follows:

First of all, the advantages

1. Foreign income, investment, inheritance, income tax and corporate tax are not taxed.

2. Growing real estate market and stable rental income.

It's easy to start a company in Cyprus.

4. Free medical insurance.

5. Communication is convenient, not to mention Turkish and Greek. In daily communication, more than 80% people can speak English.

6. The range of affiliated applicants is large, mainly including spouses and minor children.

7. After obtaining permanent residence status, you can become a Cypriot citizen after living for five years. Relevant passport holders can travel to 170+ countries and regions without a visa.

Second, shortcomings.

1. The cost is not low. Applicants need to invest at least 300 thousand euros, which will put pressure on some people.

2. Cyprus is a small country with few recreational activities. It may be boring for a long time.

3. Although education and medical care in Cyprus are excellent, the market is too small to meet the demand.