Cyprus Permanent Residence Investment Programme Improved

MIDDLESEX, U.K. - Aug. 7, 2016 - PRLog -- Changes to the Cyprus Permanent Residence programme have made the scheme one of the best investor visa programmes currently in the market according to La Vida Golden Visas.

Investors who purchase new property in Cyprus for a minimum €300,000 can gain permanent residency in the country. The scheme which includes spouse and dependent children now extends to parents of both the main applicant and spouse.

The investment needs to be in either one or two properties and the property must be brand new. In order to retain the residency permit applicants and their families must make at least one visit every two years to the island.

Residents of Cyprus gain easy access to travel throughout the European Union and Cyprus is expected to join the Schengen zone during 2016. The scheme has proven to be quick and effective leading to a residency permit in just two months.

High Net Worth investors looking for immediate Cyprus citizenship and a second passport can do so by investing a total of €2.5 million into real estate. Cyprus is a full member of the European Union and citizenship allows the holder to live and work anywhere within the EU.