In a globalized economy where multinational companies are expected to offer quality while cutting costs, Cyprus has become one of the most attractive places for third country citizens to acquire immigration permit through investing.
Being a European Member State, Cyprus provides the advantages of European economic zone and at the same time it has the lowest corporate tax rate in the EU of 10%. Having a strategic location at the crossroad of three continents it functions as a key outpost in the Eastern Mediterranean for partnerships from Europe Africa and Asia. Τhe island’s location also makes it an ideal transhipment centre, with Cypriot companies operating independently and with foreign partners to ship goods into and out of the EU via Cyprus.
Furthermore acquiring immigration permit in Cyprus, provides third countries’ citizens the opportunity to enjoy most of the benefits of a European citizen. Cyprus will soon enter the Schengen Zone of Europe allowing all Cyprus Permanent Residence holders to travel freely through Europe. At the moment it is very easy to receive a Schengen Visa once you have CY Permanent Residence.
Cyprus is one of the easiest countries to attain European Permanent Residence (PR). With a minimum property purchase of 300,000Euro investors are entitled to begin the application process.