On July 10th, the Cypriot Parliament passed a key bill, bringing the country one step closer to achieving a quadruple identity: EU + Euro + Commonwealth + Schengen!
Planning for a Cypriot overseas identity now is equivalent to pre-emptively securing the core benefits of "free travel across Europe + top-tier education + generous benefits + a tax haven."
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Identity Freedom: Unlimited Travel Across Europe
If the Schengen Area is approved, Cypriot permanent residency will provide direct access to all 28 EU and Schengen countries – allowing for unlimited work, study, and residence, and business travel at your fingertips.
As a hub for Europe, Asia, and Africa, Cyprus also offers easy access to financial and commercial resources across three continents.
Even more surprising, it will become the second country in the world to combine the EU, Euro, Commonwealth, and Schengen areas, effectively maximizing the value of this identity!
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Educational Advantages: A springboard to prestigious universities in the UK and US
Public education – 12 years of free compulsory education (6 years of primary school + 6 years of secondary school), saving both time and money.
International Education - Tuition is only one-third of that in the UK and US. Tuition is taught entirely in English with original British textbooks. A-level and IB courses are offered, allowing students to apply directly to universities in the UK and US upon graduation.
Commonwealth Advantages - Credit recognition and seamless integration of systems allow children to access international education from a young age.
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Benefits: A comprehensive healthcare network covering all stages of life.
Healthcare - Free healthcare for all, covering public and private hospitals and clinics, with healthcare standards comparable to those in Europe.
Securities - Lifelong benefits, including child allowances, family allowances, unemployment benefits, and pension benefits.
Livability - The fifth safest country in the world, with a subtropical Mediterranean climate (over 300 days of sunshine annually), 77 Blue Flag beaches consistently ranked first in the EU for water quality, and a Mediterranean diet recognized for its longevity.
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Tax haven: A safe haven for assets.
Corporate tax is only 12.5% (the lowest in the EU), with no capital gains tax or inheritance tax. Expats also enjoy tax incentives.
Double tax avoidance agreements with 60 countries (including China), no foreign exchange controls, and more flexible asset allocation.
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Shortcut to Identity Planning: €300,000 Property for Permanent Residency
Application Requirements:
● Main applicant must be 18 years of age or older and have a clean criminal record;
● Purchase a new property worth €300,000 or more (excluding VAT);
● Provide proof of annual income (minimum €50,000 for the main applicant, an additional €15,000 for the spouse, and €10,000 for each additional child).
Benefits for the whole family:
● Spouse (including same-sex partners) and children under 18 are simultaneously approved for permanent residency.
Quick Processing:
● Get your residence permit in 6-7 months, no complex business background required, and the property can be held and rented out (to maintain and increase its value), offering flexibility and control.
In summary, Cyprus is accelerating its integration into the core European system, and the Schengen dividend "window period" has arrived!
€300,000 is not just a European property; it also holds the strategic key to family education, healthcare, and global asset management.
If you are interested in applying for Cyprus citizenship or planning an overseas identity, please contact Xingyunhai International.
Cyprus
Turkey
Saint Kitts and Nevis
Greece
