The Cyprus Government in an attempt to strengthen the business relations between China and Cyprus has formed a new program that gives the right to Non European Union citizens to apply for the Cyprus Permanent Residence. This new program, based on the Governments investment promotion scheme (category F), allows also Chinese people to acquire a Permanent Residence status in Cyprus (EU) by making a minimum investment of 300.000 Euro and over.

Governmental promotion scheme (Category F) applies to Chinese and other foreign people wishing to get the Cyprus Permanent Residence status. The criteria for receiving the Permanent Residence are rather simple and the application processing time takes from one to six months. Any Chinese person granted the Cyprus Permanent Residence can then visit freely Cyprus without any limitations, while procedures for visiting any European Union country are by far more simple and fast. The only restriction applied with the Cyprus Permanent Residence is that holders cannot be employment in the island. They must be able to prove a stable yearly income of around € 10,000 increased by € 5,000 for any dependable person (children under 18 years of age). This income can be Permanent Residence applies to the wife and husband as well as all children under the age of eighteen. Children over eighteen are also allowed to reside in Cyprus under the Family Reunification Act, and they must also show a total income of around € 9,500 euro per year.

The Cyprus Permanent Residency permit does not expire provided that you and your family visit Cyprus once a year. We also hope that until next year Cyprus will be part of the Schengen state.

How easy it is to acquire the Cyprus Permanent Residence

The whole process of applying and receiving the Cyprus Permanent Residence is a fast and rather routine procedure as long as it is handled by a the correct people. Click Home Ltd with twelve years experience in the Cyprus Real Estate Market can assist you in buying a property in Cyprus and at the same time apply for the Cyprus Permanent Residence.

Our in house lawyer is specialized in acquiring the Cyprus Permanent Residence and is ready to guide you all the way. He will advise you on all relevant documents you will need to accompany your application so that you will have time ahead to secure them from before arriving here. He will also advise you about any documents that will need to be translated and stamped from Chinese to English. While being here we will arrange for you to open a bank account and proceed with the medical insurance as well as any other formalities needed.

In the past months we have already helped many clients from China applying and receiving the Cyprus Permanent Residence both for them and their children. Our immigration department will make sure that you can smoothly relocate to Cyprus having no worries. Rest assured that we will do everything in our power to ensure a warm and pleasant staying in Cyprus.

Benefits from having the Cyprus Permanent Residence

The benefits from having the Cyprus Permanent Residence are innumerable.

Cyprus itself is like a paradise on earth. Not many people have the luxury of enjoying a holiday or a permanent home here. The weather is one of the best in the Mediterranean with abundant sunshine even in winter and little rainfall. The landscape is indeed a treasure to the island for many more years to come. The unique feature of Cyprus is that you can ski on the slopes of Troodos and within an hour's time have a swim in warmer coastal environments. Cyprus is surrounded by blue sparkling and clean beaches while the ongoing Marina projects can satisfy the needs of any boat owner.

The high European standard of living offers to inhabitants and visitor a truly unique lifestyle. The medical system is of very high standards while the educational system is one of the best in Europe. Crime also in Cyprus is at a very low rate while the majority of people here speak very good English. Once the permanent residence in Cyprus is obtained, you will be enjoying freedom of movement within the EU with easy procedures. On top of all these, Cyprus offers the lowest personal and corporate tax rates in the EU together with double tax treaties with many countries including China.

Last but not least, buying a property in Cyprus you get maximum value for your money. Property prices are relatively low in relation to other European countries. Investing in Cyprus properties has taken off in a big way over the past years, with many opportunists buying whole apartment blocks at a time or large chunks of holiday developments with a view to reselling in a few years. The "Buy to Let" concept has become a common practice to individuals wishing to buy Cyprus properties.