The Republic of Cyprus, is one of the most easiest jurisdictions to attain citizenship or apply for permanent residence. There are many reasons why individuals crave to attain cypriot citizenship, including but not limited to the fact that attaining the Cyprus citizenship essentially means, attaining european union citizenship.

 

The Republic of Cyprus is currently in the process of entering in the Schengen Zone, which in fact will entitle those holding Permanent Residence in the Republic, to travel freely through the European Union. 

 

Currently, obtaining a Schengen Visa for those who have cyprus permanent residence, is very easy and timely, as it takes an approximate of 30 minutes whereas the visa has a life period amounting to 2 years. 

 

Individuals having permanent residence in the Republic of Cyprus, are suject to a significantly lower tuition costs within the European Union countries, since they are considered as having already acquired permanent residence within a European Union jurisdiction.

 

Those who have been born into families that have attained cyprus permanent residence, can also accepted into Chinese universities with lower credit requirements. 

 

Holders of Cyprus permanent residency can be considered to be all the members of a family, whilst the children of the family are only considered as holders of permanent residence up until the age of 17. When the children in question reach over the age of 18, they can be allowed to reside in the Republic of Cyprus, in light of the requirements and stipulations stated in the Family Reunification Act. 

 

In summary, the benefits stated above for holding a permanent residence in the Republic of Cyprus are:

 

• No inheritance tax

• One of the lowest property taxes in the world (very small amount, about 120 euro per year.)

• Live and travel freely throughout Europe.

• Chinese Cyprus PR holders have the right to travel to Hong Kong and Macao unlimited times and there is no restrictions    imposed on them.