QUICK FACTS | |
LOCATION | Is located in the Mediterranean sea. To the south of Turkey, to the west of Syria and Lebanon, to the northwest of Israel, and to the southeast of Greek mainland. |
POLITICAL STATUS | a unitary presidential representative republic |
CAPITAL | Nicosia |
POPULATION | 1,170,125 |
SIZE | 9,251 km2 |
LANGUAGE | Greek – Turkish |
CURRENCY | Euro (EUR) |
TIME | (GMT+2) |
DATE OF INDEPENDENCE | 1 October 1960 |
GOVERNMENT TYPE | Unitary presidential constitutional republic |
LEGAL SYSTEM | Cyprus law adopts precedents derived from the English Common Law for Stability and Finalism. The Republic of Cyprus is a democracy with a presidential system of government. The President is elected for a term of five years directly by the people in secret ballot with universal suffrage. |
INTRODUCTION:
The Republic of Cyprus is an independent island State, Nicosia is the capital. Cyprus has a long and ancient history where the island was inhabited more than 10,000 years ago in ancient times. It was one of the most powerful and rich countries in the Mediterranean, and the ideal location made it a very desirable piece of land for other countries.
Over the years, many countries fought for Cyprus to be their own including the Ottoman and British empires. However, in 1960 Cyprus finally gained its independence from Britain and became the Republic of Cyprus.
The country has beautiful sandy beaches that attract tourists from all over the world where the terrain on the island is mostly rocky. There are two mountain ranges on the island: the Kyrenia and the Trudos Mountains. The latter is particularly interesting with its highest peak being the legendary Olympus Mountain which reaches an impressive height of 1.951 meters.
Investment criteria:
Applicants can grant Cyprus permanent residency by chose one of the potential routes:
GOLDEN VISA CYPRUS
Application criteria
BENEFITS OF CYPRUS RESIDENCY PROGRAM:
Benefits of the program:
THE MAIN STEPS TO GET CYPRUS RESIDENCY:
The process may be simplified into the following steps:
Step 1
Visit Cyprus as a first step, as NTL will arrange the offers for real estate investment, and meeting with a legal representative.
Step 2
Buy the property after choosing the appropriate.
Step 3
Submission of Documentation after buying the real estate
Step 4:
Issuance of Permanent Residency.
Step 5
You are require to visit Cyprus with all family members once every two years
STEP 6:
Granting the Residency Permit and ID Cards
ECONOMIC RESIDENCY:
The residency visa is granted within two months and covers the whole family. It includes parents of the main applicant and spouse plus dependent children up to the age of 25. It is valid for life and can be passed down to dependents and spouse.
The permanent residency programme offers ease of travel throughout the European Union and it requires just one visit to Cyprus by all family members once every two years.