Coral Seas Villas

Country Information

Cyprus is a safe country with a crime rate among the lowest in Europe. The cost of living is relatively low compared to the European average, and the economy is strong in the areas of shipping, tourism, trade, and energy.

Cyprus is an island nation located in the eastern Mediterranean Sea, about 80 km from the southern coast of Turkey. It has a typical Mediterranean climate, with hot, dry summers and mild, wet winters.

In the early 21st century, the Cypriot economy diversified and became prosperous. The growth in tourism and the policy of attracting foreign investment have boosted the real estate rental market in Cyprus.

Capital: Nicosia

Population (2023): 1,230,634

Languages: Greek & Turkish

Political System: Modern democracy

Currency: Euro (EUR)

Area: 9,251 km2

Benefits

Permanent residency for the whole family:

• Applicant and 3 generations of family members can obtain permanent residency in Cyprus
• Can apply for citizenship if investment and residency requirements are met

Simple requirements to maintain permanent residency:

• Only need to be present in Cyprus for 2 days every 2 years to maintain permanent residency

Open opportunities for children and business:

• Live, study, work, and invest in Cyprus

Investment Program

Cyprus Residency by Investment (Fast Track)

Minimum investment: EUR 300,000

Processing time: 8 – 12 months

Dependents: 3 generations

Visa-free travel: Easy access to the EU with an electronic visa or online application

Overview: The Cyprus Residency by Investment (Fast Track) program is a residency program based on investment in real estate.