British expats in Cyprus can use ‘fast-track’ residency scheme and best area to move | Travel News | Travel
Located in the Mediterranean sea, the island of Cyprus is renowned for natural beauty and stunning beaches. It’s not hard to see why British expats are keen to settle there.
Pantelis Leptos, co-president of Leptos Group of Companies, told Express.co.uk: “There are approximately 70,000 British expats living in Cyprus.
“Permanent residency status in Cyprus can be obtained through the Permanent Residence Program.
“It’s arguably the best fast-track program in Europe and permits foreigners to acquire an Immigration Permit through property investment.
“It’s a wonderful opportunity where you can invest as little as €300,000 (£250,000) in a new property and get Cyprus permanent residency in 60 days.
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“You can also apply for Cyprus citizenship and a Cyprus passport after seven years. The Cyprus Permanent Residence Permit covers the whole family including dependents and parents of the applicant.
“It is valid for life and there is no need for future reconsideration, you only need to visit Cyprus once every two years for at least one day.”
Pantelis said: “A highly attractive benefit of Cyprus Permanent Residency for non-EU nationals is the ability to travel within the EU. The permit will grant them the right to visa-free access to a number of Schengen countries.”
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Pantelis said: “The vibrant city of Limassol has become an attractive destination for Brits.
“Popular among high net worth individuals, retirees and expat families who choose to relocate for education, lifestyle, tax and business purposes, the city is also a magnet for new companies and global creative professionals.
“For Brits, Limassol offers a cosmopolitan place to live with nearly all-year sunshine.
“In Limassol there are plenty of international schools, a great healthcare system and we even drive on the same side of the road!”
He added: “Limassol has the best of both worlds, a great nightlife, bustling shopping district and an array of cafes and restaurants to cater for all tastes along the seafront where there are plenty of beaches and a superyacht marina.
“There are also plenty of historical sites to visit and not too far away the Troodos Mountains are perfect for keen hikers.”
Leptos Group has recently laid the foundations for Limassol Blu Marine, a luxury housing development.
Pantelis said: “The uptick in sales we have seen at this development in recent months is a reflection of how people are living their lives post pandemic, wanting somewhere with all round sunshine and a place worth investing in.”
