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Galaxy Residences
Galaxy Residences
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.
KEY FEATURE
- A communal swimming pool for each block.
- Solar panels improve the energy efficiency of the building
- Beautiful modern design of the building.
- With its privileged location, nearby a very large number of amenities.
- The hospital of Paphos is just across the street.
- A number of public and private schools are nearby.
- Very short driving distance away from many bars and restaurants.
