Cyprus has become an attractive destination for people from around the world, welcoming around 4 million visitors every year.
But apart from an ideal holiday destination, more and more people are choosing to call Cyprus their new forever home — and for a good reason.
The idyllic location, the warm climate, and the island’s rich heritage make Cyprus the ideal place to live and work.
If you’re thinking about relocating to Cyprus, keep reading below. You will find everything you need to know about starting a new life on the island.
A few words about Cyprus
Situated at the crossroads of three continents, Cyprus is surrounded by the blue waters of the Mediterranean sea.
Ranked as the 25th most liveable country, Cyprus offers excellent healthcare, advanced infrastructure, and low costs of living. At the same time, the low crime rates make Cyprus one of the safest countries to reside in and a great choice for families with kids.
Cyprus has been an EU member state since 2004, providing economic advantages and easy access to European markets. The official language is Greek; however English is widely spoken — especially among the young generation.
Relocating to Cyprus
If you’ve decided to live the island life, then we have good news for you — relocating to Cyprus is easy and straightforward.
Depending on the length of your stay, there are different types of visas available. If you plan to stay on the island for a short amount of time, then a tourist visa is a great option to consider.
On the other hand, if you’ve decided to call this island your new homeland, you should apply for a residence permit, which may also be acquired through investment.
Here are the investment criteria for permanent residence in Cyprus.
● Investment of at least €300.000 (plus VAT) in a primary residential property, such as a house, villa, or apartment.
● Investment of at least €300.000 (plus VAT if applicable) in other types of property such as offices, shops, and hotels.
● Investment of at least €300.000 in the share capital of a Cyprus company which operates in the Republic of Cyprus.
● Investment of at least €300.000 in shares of a Cyprus Collective Investment Organisation, in the form of AIF, AIFLNP or RAIF.
Buying property in Cyprus
It’s now time to find your dream house! Although the buying process is fairly easy, having an expert by your side is fundamental for finding a property that fits your needs and budget.
Our team at Hestia is here to help you every step of the way, from explaining the buying process to helping you with paperwork and contracts.
Before you realise it, you will be ready to live your new life, whether you’re dreaming of taking a dip in crystal clear waters, hiking along the many trails in Troodos, or enjoying Mediterranean cuisine.
