The Republic of Cyprus is known to be the jewel in the Mediterranean; it is a small island which is located near South of Turkey and just southeast coast of Greece. It is home to beautiful and exotic beaches and a vast history along with beautiful archeological sites. The remains of ancient palaces, fortresses and tombs from the 4th century BC make it a place to wander.
But obviously, packing your bags and moving to a new country isn’t that easy so we would tell you more wonderful things about this place and why you should consider Cyprus to be your home place.
Climate of Cyprus is usually warm and it stays sunny most of the days. The sea temperature also keeps it very pleasant. It snows for very few days in the winter time.
Cyprus is a well-developed country but its cost of living is still lower as compared to other European countries. The commodities include petrol, food, water supply, telephony and etc. It is also one of the safest countries in the world to live in, and in fact some of the residents don’t even lock their doors at night.
There is much advancement done on the public and private sector of education. However, the private sector has been given more advancement tailored to the needs of the foreigner kids so that they don’t have to use Greek as the communication language. For example in Limassol, there are 6 private English schools established, 2 Russian schools and also one Lebanese private school.
Facility of Private and public hospitals exist in each city of Cyprus. In the case of emergency, a person could visit a public hospital’s emergency unit under the amount of €10.
Cyprus is known to be a harmonious country; it has everything to offer for all the people belonging to different religions. Like Russian Orthodox churches situated in Limassol and Alethriko of Larnaca, Latin Catholic churches can be found all around Cyprus, Anglican churches, Muslim mosques located in Nicosia, Limassol and Paphos, a Buddhist temple located in Nicosia, a Shiva temple can be found in in Larnaca, a Jewish Synagogue in Larnaca, as well as German, Armenian, Maronite and Greek Evangelical churches which can be found in different places of the country.
The country is full of sandy beaches and not just the beaches but there are green forests too which can be explored by walking through a short distance. Cyprus is the place which is great for you and your family. It is an island full of contrasts of colors; the mountains and the aromatic gardens with beautiful flowers and pinewoods.
It is very easy for foreigners to buy and invest in property and can build a home there. As compared to UK, USA and other European countries Cyprus real estate has much cheaper rates. The average price of a house is approximately US $110,000 including the stamp duty. Furthermore, the local and the international banks fund upto 70% of the total cost of the property. The process of purchasing a property in Cyprus varies but it usually takes around 3 months.
Lalani & Associates offers a the Cyprus investment program known as the Cyprus Direct Citizenship Program which gives a direct citizenship i.e. the applicant doesn’t have to reside in the country physically; they can get a visa free entry to almost 155 countries within 3 to 6 months by attaining a passport. The one and only requirement is to visit the country once in every seven years. It is ideal for businessmen and investors who want to attain the passport but they don’t want to leave their own countries.
There are few requirements which need to be met for acquiring the Cypriot citizenship through the Cyprus investor program.
- The applicant must possess a permanent real estate worth of €500,000 in Cyprus
- At least ONE of the options for investment must be chosen and have to maintain it for 3 years
The investment options are as follows:
- Investment in real estate, land development and infrastructure projects in which the applicant has to invest € 2 million in either the construction or purchasing of a building or a project
- Investment done in creation, contribution or purchase of Cypriot businesses or companies in which the applicant has to invest € 2 million in any business or company
Note: The companies or the businesses must have an evident existence in the Republic of Cyprus
- Investment in financial assets where applicant has to invest € 2 million in any of the regulated funds
- It can be a combination of certain options of investment which amount to at least € 5,000,000
There will be two phases for this application; the first phase would be entailing to the applicant and the spouse and the second phase would be for the children also it requires the successful completion of the first phase.
The family members who are eligible for the application:
- Children (under the age of 28 and not married)
- Dependent parents