Why move to the Cyprus?
Between golden-sanded beaches and crystal-clear waters, Cyprus has more to offer than stunning sights and sun-soaked natural destinations. Its history proves an intricate tapestry woven throughout the millennia by the Greeks and the Turks, creating an utterly unique landscape undeniably shaped by these influences. If you combine these with the Mediterranean’s relaxed lifestyle, Cyprus’ strategic location, and stable investment-driven economic scenarios, the country has all the necessary ingredients for the perfect recipe: long-term, healthy, and successful endeavors on all fronts. It only needs you to move to Cyprus and mix them all together.
Cyprus is the ideal destination for wine enthusiasts, as the island boasts the oldest production of wine known to mankind, the Commandaria. King Richard the Lionheart declared it "the king of wines and the wine of kings" during his marriage ceremony in Cyprus. Curiously, this makes Cyprus the only foreign country to host an English Royal Wedding.
Mark Anthony, a legendary Roman figure, once gifted the entire island of Cyprus to his lover, Cleopatra.
Cyprus continues to impress with its presence in the annals of history. In 2007, a team of Italian archaeologists unearthed the oldest perfumery, revealing perfumes in small bottles and evidence that perfumes had been produced on an industrial scale as far back as 4000 years, in the Bronze Age.
- Population: 1,26 million
- Capital City: Nicosia
- Climate: Cyprus boasts a Mediterranean climate, known best for warm summers and mild winters.
- Time Zone: EET (Eastern European Standard Time)
- Language: Greek, Turkish
- Country Code: +357
- Currency: EURO
- Economy: Tourism, financial services, manufacturing, agriculture
- GDP Per/Cap: USD $32,281
- Borders: Maritime borders with Egypt, Greece, Türkiye, Lebanon, Syria
With an average of more than 3000 hours of sunlight every year, the sun is your constant companion in Cyprus. Take a step back and plunge into a world of relaxation, only possible in countries bathed by the Mediterranean.
Cost of living
Cyprus is one of the most affordable European Union countries, providing a high quality of life experience at a budget-friendly cost. Daily expenses are set at reasonable prices, and Cyprus manages to strike a fine balance between a comfortable life and financial management.
As a country in the European Union, Cyprus boasts high standards of security and low crime rates. The local communities are friendly, contributing to a safe and welcoming environment.
Boasting a universal public healthcare system, the infrastructure in Cyprus is still young, as the service was only established in 2017. It is advisable to pursue private medical insurance when moving to Cyprus.
Cyprus has a free public education system, mandatory between the ages of 5 and 15. There are state-funded institutions of higher education, as well as a parallel system. With plenty of options between private and international schools, Cyprus provides a solid foundation for expat families.
Greek and Turkish are the officially recognized languages in Cyprus, though local communities tend to speak English fluently, allowing for an easier and seamless integration.
Money and taxes
Being part of the Eurozone, Cyprus has a stable economic scenario, and its official currency is the EURO. Offering an overall favorable tax regime, with one of the lowest corporate tax rates in Europe, Cyprus crafts a healthy foundation for those looking to invest or retire in this Mediterranean paradise.
When it comes to Cypriot destinations, there are no wrong decisions. All its cities are international hubs that provide unique experiences, with thriving expat communities and vibrant, thriving social scenes. Fully immerse yourself in the Cypriot and Mediterranean lifestyle by moving and discovering any of the following.
Do I Need a Visa to Move to Cyprus?
It depends on your country of origin. If you hail from a country within the European Union, a visa will not be necessary to move to Cyprus. However, if you are a third-country national, a visa will be required to relocate to Cyprus. The best way to achieve this is through the Cyprus Golden Visa, an investment immigration program that bestows Residency status to the applicant.
Moving to Cyprus as an EU Citizen
Since Cyprus is a part of the European Union, it adheres to the principles of freedom of movement of people, capital, goods, and services. EU Citizens can freely travel to and visit Cyprus without acquiring a visa. However, if their stay extends past 90 days, whether for residency, tourism, study, or work, the EU citizen must report to the Civil Registry and Migration Department and apply for the Registration Certificate for EU nationals, colloquially known as the yellow slip.
Moving to Cyprus as a non-EU citizen
If you aim to relocate to Cyprus and if you are a third-country national, you will need a visa. Out of all the visas the country has available, the Cyprus Golden Visa is the best. Venturing through this program allows you to become a Permanent Resident in as little as 3 to 6 months, live, work, and study in Cyprus, access the Cypriot healthcare system, and enjoy a country boasting a Mediterranean lifestyle. You can also extend the same benefits to your family.
Moving to Cyprus Through Investment Visa Programs
The Cyprus Golden Visa is the country’s premier investment visa immigration program, granting legal status and all the associated benefits. With a minimum investment of €300,000 in the country’s Real Estate market qualifying as an option, the proposition becomes far too enticing. Whether you are seeking Cyprus to establish a second residency abroad for a Plan B or looking to diversify your investment portfolio, the Cyprus Golden Visa represents a beneficial choice for you and your family.
How can I gain Citizenship in Cyprus?
How to obtain Permanent Residency in Cyprus?
Cyprus used to have two Golden Visas programs, one dedicated to those seeking Citizenship, and another to Permanent Residency. The former was discontinued in 2020 but the latter remains the country’s only Golden Visa program. Currently, the only way to obtain Citizenship in Cyprus is simply by waiting. After 7 years, most Cypriot legal residents can apply for Citizenship. However, for Cyprus Golden Visa holders, the process fast-tracks to 5 years.
After five years of living and residing legally and continuously in Cyprus, an applicant becomes eligible for Permanent Residency status in the country. Due to the time-consuming nature of this process, it may not be a viable option for many. A solution arises in the form of the Cyprus Golden Visa, where property investment qualifies as a way of obtaining Permanent Residency status in as little as 3 to 6 months.