What Is the Cyprus Permanent Residency Permit?
Before getting into why you should apply for the Cyprus Permanent Residency Permit, it is important to understand what Cyprus’s permanent residency permit is. Cyprus Permanent Residency Permit is a legal status that allows non-European citizens to enter and live in Cyprus. This status does not expire and means that people who qualify can live in Cyprus for as long as they’d like.
Cyprus Permanent Residence Permit by Investment
There are different kinds of Cyprus Permanent Residence Permits that you can apply for. If you apply for Cyprus Permanent Residence Permits by Investment then there are a few additional benefits that you will get that not all people who get Cyprus Permanent Residence Permits do.
Some of them are as under:
Permission to Work
Unlike many other Cyprus Permanent Residence Permits, with a permit by investment, the individual is permitted to live for as long as they like, study anywhere in Europe, and also work anywhere in the country. Along with this, the individual is allowed to buy properties and invest in them.
Visa for Family
Your family, including your spouse, kids who are under the age of 18 are eligible to get visas and citizenship. If you have an older child who depends on you and is a student, then you can only then include them in your application.
If you have to include your parents and or your parents-in-law in the application as well, you can do so. You will have to make some additional investments as instructed and then add them to the application.
This visa need not be renewed as it is a lifelong visa and can be passed down to new generations as well.
Personal Benefits
Cyprus Permanent Residence Permit comes with certain personal benefits as well. You are free from paying inheritance tax, you are also permitted to rent some properties and gain income through that. On top of all this, the best quality of life in Cyprus is an additional luxury you get.
Benefits of Healthcare and Education
As a Cyprus Permanent Residence Permit holder, the individual is entitled to get the benefits of healthcare, medical facilities, and education. Unlike other permit holders, you can have access to some of the best healthcare and medical facilities in Europe. Additionally, you can also get an education in Cyprus. Your children can attend schools and get higher education up to the university level in Cyprus.
Dual Citizenship
Under Cyprus Permanent Residence Permit by Investment, you have permission to have dual citizenship. It’s one of the main benefits that a person with a permit gets.
In Conclusion
If any of the above-mentioned benefits of the Cyprus Permanent Residence Permit intrigue you, then, maybe look more into it. Second citizenship by investment Dubai is an option that you can explore and find out more about how Cyprus Permanent Residence Permit will benefit you.
