Cyprus , a small country located in Europe. As European immigration becomes more and more common, this country has become a popular destination for immigration with high cost performance due to various advantages and stable immigration policies.
If you want to immigrate to Cyprus, what are its advantages? What are the disadvantages that need attention? Today, the editor of Sanxiang Immigration will analyze the pros and cons of Cyprus immigration to everyone and see if it is your choice to immigrate.
1. Advantages of Cyprus immigration
1. Free public education
Public school is taught in Greek , and some courses are taught in English. If your children are older, it is generally recommended to go to international schools. Some excellent international schools teach pure English, have high education quality, and the prices are much lower than those in China.
2. You can apply for EU permanent residence
If you live in Cyprus for five years, your cumulative departure will not exceed 10 months and your single departure time will not exceed 6 months, you can apply for surviving the EU.
3. Tax Advantages
After you get permanent residence in Cyprus, you will not automatically obtain a tax number and you will not need to pay taxes. However, as long as you live in Cyprus for more than 183 days, you will become a tax resident. However, the personal income tax rate is low and the corporate income tax is also very low.
Cyprus has very low taxes and has signed a double taxation agreement with 45 high tax countries. In Cyprus, corporate income tax is only 12.5%, the lowest among European countries, and the special pension tax rate is only 5%.
4. Low cost of living
Cyprus is an EU member state with a developed economy. In Cyprus, the cost of living is very low. The per capita monthly income is about 2000 euros , while a family spends about 500 euros per month, the price is only equivalent to 60% of that in the UK, and the inflation rate is only 1%. 85% of residents live in villa areas, with housing conditions leading in Europe.
5. Medical advantages
Cyprus has sound medical insurance services, with an average of 1 general practitioner for every 480 people. The health care costs of public hospitals and personal health insurance are very low.
, and Cyprus continues to invest in the medical system, and plans to invest another 250 million euros in free medical care in the near future. Cyprus' National Health Service (Okypy) has committed to investing heavily in the national health service Gesy (free medical care), which is expected to reach 250 million euros from 2022 to 2024. Of these, 100 million euros will be used for equipment and 150 million euros will be used for infrastructure. Currently, the 4 million euro Akaki Health Center is about to be completed, and the new dialysis room at the 4.7 million euro Paphos General Hospital will be completed in early 2023. The dialysis room at Famagusta General Hospital will be further improved at a cost of €940,000.
6. Natural environment advantages
6. Cyprus has a long history of 5,000 years and is a country with rich cultural heritage and a dreamy country. Ancient villages, temples, palaces, cylinders, forts and mosaic mosaics are everywhere in Cyprus, many of which are listed as UNESCO World Heritage Sites. Cyprus is located in Mediterranean . It is a beautiful sunny island with spring all year round. It is a world-famous tourist holy place. Every second in Cyprus, you can feel the fragrance of the soil and the breath of the ocean.
2. Disadvantages of Cyprus immigration
1. Immigration Supervision
Apply for permanent residence status in Cyprus, applicants need to log in every two years. If the requirements are not met, permanent residence status may be cancelled.
2. Real estate cannot be sold
The current policy shows that if the applicant uses the method of buying a house to obtain a permanent residence status, the property cannot be sold. Passport projects are different from this and can be sold, but at least one self-occupied property must be retained for no less than €500,000.
3. Conditions for immigration in Cyprus
1. The main applicant must be 18 years old
2. (1) Purchase self-occupied property worth more than 300,000 euros in Cyprus;
(2) Invest 300,000 euros in non-residential real estate, such as offices, shops, hotels, which can be new houses or secondary sales properties;
(3) Purchase shares of Cyprus company worth 300,000 euros, which is required to operate for entities and employ at least 5 employees;
(4) Invest 300,000 euros in the collective investment fund (AIF, AIFLNP, RAIF type) of Cyprus investment institutions
3. No criminal record
or above are the pros and cons of Cyprus immigration and application conditions. Overall, Cyprus immigration has obvious advantages, which is also the reason why it has become a popular immigration country. Although there is immigration prison, it is very relaxed and will not be too troubled. Cyprus is undoubtedly a very suitable choice for applicants who want to immigrate to European countries. If you have any questions about immigration, you can discuss it with Sanxiang Immigration.
