General Information Citizenship | Interstatus - Group of Companies General Information Citizenship – Interstatus – Group of Companies

Cyprus Permanent Residence Permits and Citizenship Schemes:

The Republic of Cyprus is an island state situated on the third largest island of the Mediterranean with a harmonious combination of natural beauty, cultural jewels, an unique economic environment, a wonderful climate and safe and comfortable living conditions.

Cyprus legislation recognises dual citizenship and provides effective mechanisms for the issue of residence permits and citizenship. A Cypriot passport offers visa-free travel to over 150 countries.

Cyprus has the third largest foreign national community in the EU compared to the native population and the crime rate is lower than the majority of European countries. The total area of the country is 9,250 sq km with a population slightly above 1,000,000 according to 2015 figures.

Cyprus is a presidential democracy and, according to the Constitution, the President is the head of the executive elected for a 5 year term with the powers to form a Council of Ministers. A single chamber Parliament is elected through the direct vote of its citizens and forms the supreme legislative authority (59 seats).

The capital city is Nicosia and other major towns are Limassol, Larnaca and Paphos.

Cyprus joined the EU on 1st May 2004 and the official currency is the Euro.

The official languages are Greek and Turkish but English is widely spoken, especially for business communication.

The main sources of national income are tourism, financial and banking sectors, a services sector and property.

The Republic of Cyprus enjoys an advanced transportation system including 2 international airports and 2 major sea ports and the land transportation network is one of the best in the EU. Telecommunications networks are at an advanced level.

In contemporary Cyprus two major developments have a potentially positive impact on the improvement of the standard of living of Cypriots:

  • the discovery of natural gas deposits in 2011, the development of which may promote an economic boom and strengthening of the energy sustainability of the state;
  • a breakthrough in negotiations of the key issues in the settlement of the Cyprus problem in 2015.

The Interstatus Group of Companies offers assistance in the issue of documents for:

  • a residence permit in the Republic of Cyprus;
  • acquiring Cypriot nationality through naturalisation.