WHY CHOOSE CYPRUS?
Cyprus is a member of the European Union (EU) and the Eurozone, providing numerous benefits for citizens and businesses in Cyprus.
International environment with diverse cultures, easy integration and development, with approximately 20% to 56% being immigrants.
Cyprus has a strategic location at the crossroads of three continents: Europe, Asia, and Africa, making it an important international business center, connecting globally and attracting investment and trade activities.
Comprehensive education and healthcare systems meeting European standards, providing a high quality of life for residents.
With modest investments in telecommunications and transportation, Cyprus has world-class infrastructure, facilitating economic development. Regular tourists to Cyprus help streamline travel. The two largest ports in Larnaca and Limassol, along with two world-class international airports, play an important role in connecting Cyprus with other parts of the world.
Mediterranean climate with pleasant temperatures, year-round sunshine, beautiful nature, clear blue waters, and white sandy beaches, attracting tourists throughout the year. Cyprus has the most Blue Flag certified beaches in Europe (57 beaches). Tourism is one of Cyprus's strengths and an important economic sector, welcoming 4 million tourists annually, four times its population, generating approximately $3.25 billion USD per year.
Favorable tax policies for both individuals and businesses: Cyprus does not apply global income tax, has no inheritance tax, and has one of the lowest corporate tax rates in Europe at just 12.5%.
CYPRUS PERMANENT RESIDENCY
INVESTMENT PROGRAM
This is an investment program by the Government of Cyprus (Republic of Cyprus) that allows non-EU nationals to invest in real estate in Cyprus and have the opportunity to become permanent residents of Cyprus and eventually citizens of the European Union.
Family members who can be included:
- Spouse/legal partner
- Children up to 25 years old (meeting certain conditions)
Benefits include the right to travel to EU countries with an electronic visa or complete online application. Schengen visa processing time for EU countries is only a few days.
This is a program that allows ownership of real estate to obtain permanent residency without requirements for government contributions, language skills, or management experience. After obtaining Cyprus citizenship, you will be allowed to travel freely to more than 180 countries, including the UK and Schengen countries.
BENEFITS OF CYPRUS PERMANENT RESIDENCY INVESTMENT
Freedom to live, study, and do business in Cyprus.
High-quality living standards. Access to advanced healthcare system. European standard healthcare infrastructure, completely free for permanent residents.
High-quality education system. British educational standards are fully recognized worldwide with much lower tuition fees compared to other international schools at the same level as Vietnam.
Open business environment with a broad legal framework. Cyprus is one of the European countries with the lowest corporate tax rate, only 12.5%.
Favorable tax policies: no global income tax, no inheritance tax.
Easy visa application to other EU countries, fast and convenient processing.
Cyprus citizenship allows visa-free travel to 27 EU countries and visa-on-arrival or e-visa to 180 countries worldwide, including major nations like the US, Canada, Australia, and South Korea.
ADVANTAGES OF CYPRUS PERMANENT RESIDENCY PROGRAM
No time limit for the application process. No interview required. No language requirements. No education or management experience required.
One of the fastest application processing programs. Applications are typically approved within 12 months from submission.
Only requires real estate purchase, with no additional government contributions required.
The entire application process can be completed in Vietnam. You only need to visit Cyprus once to receive your permanent residency card or for biometric data collection.
No minimum stay requirements. You only need to visit Cyprus once every two years.
Pathway to citizenship available.
CYPRUS PERMANENT RESIDENCY INVESTMENT REQUIREMENTS
Investment Options:
Minimum investment of €300,000 (approximately $340,000) in ONE of the following options:
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Ownership of up to 2 residential properties/units from a development company with a minimum total value of €300,000 - excluding VAT (approximately $340,000). These properties can be rented out.
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Purchase of commercial real estate (offices, retail, hotels, etc.) with a minimum total value of €300,000 (approximately $340,000).
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Investment in a Cyprus company: the company must operate in Cyprus and employ at least 5 people.
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Investment in Cyprus Investment Funds (Units of Cyprus Investment Funds, AIF, AIFLNP, RAIF)
Dependent Family Members:
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Children under 18 years OR between 18-25 years, unmarried, financially dependent, and enrolled in higher education.
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Must meet clean criminal record requirements.
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Must have health insurance covering both in-patient and out-patient care.
Main Applicant Requirements:
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18 years of age or older.
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Proof of annual income of at least €50,000 ($53,000), plus €15,000 ($16,000) for spouse, and €10,000 ($10,600) for each dependent child.
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Clean criminal record.
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Health insurance covering both in-patient and out-patient care.
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Not allowed to work in Cyprus (except as a Director for a company in which you have invested).
CYPRUS PERMANENT RESIDENCY INVESTMENT PROCESS
Sign preliminary agreement and conduct due diligence.
Sign service agreement for permanent residency application, prepare supporting documents.
Sign real estate purchase agreement, transfer investment funds.
Submit application to Cyprus Civil Registry and Migration Department for review.
Receive preliminary approval.
Visit Cyprus for biometric data collection.
Receive official approval.
Permanent residency cards are issued in Vietnam.
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