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Buy Property Paphos

Key Benefits of Cyprus Permanent Residency

Cyprus Permanent Residency offers the right to live in the country indefinitely, covering the applicant, their spouse, and dependent children. It grants access to public healthcare and education, with no inheritance tax, making it a smart choice for long-term planning. While it doesn’t directly lead to citizenship, it opens the door to naturalization after seven years. With a warm climate, low crime rates, and a strong economy, Cyprus residency combines lifestyle benefits with strategic access to Europe.

Normal Track Residency

  • Investment Requirement: Purchase or rent of property is recommended, but no minimum set amount.

  • Income Requirement: Proof of sufficient annual income (around €10,000 per year for one person, plus €5,000 for each dependent).

  • Processing Time: Can take up to a year.

  • Benefits: Ideal for retirees or those seeking a more affordable entry.

Fast-Track Permanent Residency

  • Investment Requirement: Minimum €300,000 investment in new residential or commercial property.

  • Additional Financial Proof: Proof of stable income from abroad (minimum €30,000 per year plus €5,000 per dependent).

  • Processing Time: Typically around 2 months.

  • Benefits: No need to stay in Cyprus permanently — just visit once every two years.

Buying a House in Paphos

Cyprus Permanent Residency: A Gateway to Europe

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