Preface: Historical development is not subject to human will, because human will is subordinate to history; Historical development is subject to human will, because even if human will is subordinate to history, it participates in the process of historical development.
In February 2023, Ireland and Portugal announced the termination of golden visas for three consecutive days, followed by Spain, joining the discussion on terminating golden visas. Under the framework of the end of the "golden visa" in 2025 set by the European Parliament, the era of simple and crude acquisition of identity by buying a house or buying a fund is gradually coming to an end.
Since the 2008 European debt crisis engulfed most of the EU, as many as 19 EU countries have implemented "residency by investment" programs, known as Golden Visas, and even "citizenship by investment" (CBI) programs in order to boost their economies, increase employment and maintain social stability.
In the past three years, the economic boost and rapid population growth have brought huge economic benefits and demographic dividends to Cyprus, and investors from Ukraine, Israel, the United Kingdom, other EU countries and China have landed in Cyprus, Chinese accounting for a high percentage of golden visa applications.
In 2022, under the dual impact of the epidemic and the Russian-Ukrainian war, Cyprus' economy has come out of an unexpected positive trend, while the real estate market has also seen a blowout, with property prices, sales and rents rising across the board.
In 2022, apartment property prices rose by 9.9%, with property transactions reaching almost 6 billion euros and sales hitting a 14-year high.
In the fourth quarter of 2022, apartment rents in Cyprus increased by 18.2% year-on-year and villa rents by 11.6%.
Cyprus' presidential election ended on 12 February this year, the former Foreign Minister was elected as the new president, and the new cabinet will be inaugurated in early March, and it is widely believed that the new government will continue the relevant policies of the previous term. Moreover, Cyprus is an island country and a tourist country, so it will always leave some exports for itself and make some gestures of policy independence.
Therefore, at present, the probability of short-term cancellation of the permanent residence policy is not high, it is still 300,000 euros to buy a house, freehold, three generations of a family, one step to obtain the PR of permanent residence, but under the pressure of the EU, and after the economy gradually improves, in the near future, perhaps Cyprus will no longer have a reserve price or even unconditionally issue green cards to non-EU applicants.
Cyprus is a traditional island paradise known as the "jewel of the Mediterranean". If you want to improve your quality of life, pursue a better education for your children, enjoy a healthy elderly care, or simply enjoy the peace and quiet away from modern life, then you should consider moving to Cyprus.
The only residence in Europe can enjoy free medical care in public and private hospitals
You can find quality healthcare in Cyprus or choose between public and private healthcare. If you have a permanent residence card, you can sign up for the healthcare system and enjoy free medical care (both public and private hospitals). In addition, you will provide free emergency care to everyone at government hospitals, which are available in all major cities.
The basic level of medical care in Cyprus is high enough to solve many minor problems, and the incidence of infectious diseases has been low for many years and does not require any vaccinations.
The island is slow-paced and relaxed
If you live in a big city or a place where you can be bustling all the time and you feel that everything you do is fiercely competitive, then you need to come to Cyprus to feel the peace and quiet. Of course, if you want to move your company with you, it's as simple as hiring an international moving company to help you. They will immediately pack you up and move to Cyprus, and then you can find a place on the island where you can reintroduce balance to your life.
Savor the time for meals and coffee, take it in stride, everything slows down and you take the time to do the important things right. In addition, family, friendship, and open spaces are all very important.
Compare low prices in Europe
The cost of living in Cyprus is very low, with many people estimating that the cost of living is 20-50% lower than in the UK and 25% lower than in other European countries. Also, on a budget, there are plenty of options for living in Cyprus if you have more space in your wallet. A one-bedroom apartment costs around €550 per month, while a three-bedroom family-sized place costs around €800 per month.
There are also low income tax rates, limited capital gains tax, low tax rates on corporations, and no inheritance tax. If you want to work and make some big money, or if you want to retire without worrying about taxes draining your savings, then Cyprus could be very beneficial to you.
International culture and rich history
For many of the reasons mentioned above, together with the local population, a large number of immigrants from all over the world come to Cyprus. The education is top-notch and you can also naturally immerse yourself in international culture. If you want to learn more about the world, make new friends, meet new people, and communicate with other cultures, then you should travel to Cyprus.
In addition, Cyrpus has a rich history and plenty of ruins for history buffs to explore. It hosted the Ottoman, British, Greek, Roman, and even the Knights Templar. There's a lot to learn about this small island and how it became what it is today, and if you love history and want to study the island, then you can do so.
First-class education in Europe
As mentioned above, education in Cyprus is top-notch. The most recognized Commonwealth education country in the UK, more than 90% of local high school graduates go to study in developed countries such as Europe, the United Kingdom, and the United States. But the tuition fees here are really low. Public schools are free from kindergarten to university; Private school tuition fees range from kindergarten to high school from 3,000 to 8,000 euros per year, which is less than half of domestic private tuition fees or one-third of British private tuition fees. But the quality of its education is on par with that of the UK. The best private primary schools in Europe are also in Cyprus.
Plenty of sunshine and fresh air
Finally, if you want to improve your health, then you come to Cyprus just to breathe fresh air and bask in the sun. Cyprus is the Mediterranean island with the largest number of "blue flag beaches" per capita in Europe, with warm sandy beaches, clear seas and fresh air with very low levels of pollution. Cyprus does not have the heavy industrial level of many other places, so the air is cleaner and can improve your health.
Of course, the EU's high food standards, as well as the healthiest Mediterranean diet, will also make your body healthier.
Cypriot passports are visa-free for 177 countries
Cyprus passport is a travel document issued by the Cypriot government to its citizens, as one of the members of the European Union, having a Cypriot passport is equivalent to having an EU passport, visa-free more than 177 countries and regions, travel is very convenient, let's take a look at which countries are ~
Europe
Albania, Andora, Austria, Belgium, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Faroe Islands, Finland, France, Germany, Greece, Guernsey, Hungary, Iceland, Ireland, Isle of Man, Italy, Jersey, Latvia, Liechtenstein, Lithuania, Luxembourg, Macedonia, Malta, Moldova, Monaco, Montenegro, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, Ukraine, Great Britain, Vatican!
Asia
Armenia, Bangladesh, Brunei, Cambodia, Darussalam, Georgia, Hong Kong, Indonesia, Iraq, Israel, Japan, Jordan, Kyrgyzstan, Laos, Lebanon, Macau, Malaysia, Maldives, Nepal, Oman, Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Timor-Leste, Thailand!
Middle East
UAE, Dubai, Abu Dhabi, Sharjah, Ajman, um Quwain, Fujairah!
Americas
Greenland, Grenada, Guadeloupe, Guatemala, Haiti, Honduras, Jamaica, Martinique, Mexico, Montsarate, Nicaragua, Panama, Paraguay, Peru, Saint Barthélemy, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent, Trinada and Tobago, Turks and Caicos, Uruguay, Venezuela, Anguilla, Antigua and Barbuda, Argentina, Aruba, Barbados, Belize, Bermuda, Bolivia, Brazil, British Virgin Islands, Canada, Cayman Islands, Colombia, Costa Rica, Curacao, Chile, Dominia, Netherlands Caribbean, Ecuador, El Salvador, Faulkner Islands, French Guiana!!
Africa
Botswana, Comoros, Djibouti, Egypt, Gambia, Kenya, Lesotho, Madagascar, Mauritius, Mayotte, Malawi, Morocco, Mozambique, Reunion, Saint Helena, Seychelles, South Africa, Eswatini, Tanzania, Togo, Tunisia, Uganda, Zambia, Zimbabwe!
Oceania
Australia, Cook Islands, Micronesia, Fiji, French Polynesia, Kiribati, Marshall Islands, Nauru, New Caledonia, New Zealand, Niue, Palau, Papua New Guinea, Samoa, Tokelau, Tonga, Tuvalu, Vanuatu, Wallis and Futuna!
Note: The above "blue" areas have a limited length of stay.