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    Super Cheap

    • Chitré, Panama
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    • Kyrenia, Cyprus
    • Hua Hin, Thailand
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    • Valencia, Spain
    • Cascais, Portugal
    • Las Terrenas, The DR
    • Pisa, Italy
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    • Kotor, Montenegro
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    • Home
    • Countries

      Top Destinations:

      Whether you’re looking for fun and sun, a peaceful retirement, or the chance to earn some extra income, you’ve got a real world of opportunity open to you… In short, we’ve done our best to narrow down your best options, but only you can decide the right country for you.

      • Spain
      • Portugal
      • Panama
      • Belize
      • Colombia
      • Cyprus
      • Mexico
      • France
      • Montenegro
      • Browse All Countries

      Best For:

      • The Best Places To Retire
      • Health Care Abroad
      • Cost Of Living
      • Investing in Real Estate
      • Establishing Residency
      • Gun Laws In The World
      • English-Speaking Countries
      • Safest Places For Retirement
      • Best Places In Latin America
    • Budgets

      How Much Will It Cost You To Live Overseas?

      The only honest answer is, we have no idea. And neither does anyone else. The only one who can answer that question is you. Here’s the most important thing to understand about budgeting your new life overseas…

      Super Cheap

      • Chitré, Panama
      • Santa Marta, Colombia
      • Phuket, Thailand
      • Dumaguete, The Philippines

      Cheap

      • Medellin, Colombia
      • Boquete, Panama
      • Kyrenia, Cyprus
      • Hua Hin, Thailand
      • The Algarve, Portugal

      Affordable

      • Valencia, Spain
      • Cascais, Portugal
      • Las Terrenas, The DR
      • Pisa, Italy
      • La Rochelle, France
      • Mazatlán, Mexico

      Luxury

      • Ambergris Caye, Belize
      • Kotor, Montenegro
      • The Panama City Beaches
      • Paris, France
    • Resources

      Global Living

      • Living & Retiring Overseas
      • Raising A Family Abroad
      • Foreign Residency & Citizenship
      • Offshore & Diversification

      Making Money

      • International Real Estate
      • Banking
      • Employment
      • Investing

      Follow Us:

      • Meet Our Experts
    • Real Estate

      Join our Weekly Newsletter
      Overseas Property Alert

      Sign up for our weekly newsletter to receive expert insights on the best international real estate investment opportunities.






        We Value Your Privacy! We will not share your email address with anyone else, period.

        Buying Real Estate For Cashflow

        • Discover tips and strategies used by global property investing veterans

        Explore Our Latest Posts

        • Learn how to invest and purchase property abroad…

        Go To The Overseas Property Alert Site

        • How To Become Independently Wealthy And Fund The Lifestyle Of Your Dreams
      • Conferences

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        Live and Invest In Spain Conference

        Offshore Wealth Summit

        Greece Workshop

        VALENCIA, SPAIN

        Sep. 17-19, 2025

        PANAMA CITY, PANAMA

        Oct. 15-17, 2025

        VIRTUAL

        Nov. 13, 2025

        LEARN MORE
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        LEARN MORE
        PRE-REGISTER
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        PRE-REGISTER
        • MORE EVENTS

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        Toll-Free U.S. and Canada:
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        From Outside North America:
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        Reach us with your questions by email at: events@liveandinvestoverseas.com

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        Your passport to a life well-lived abroad

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        overseas living letter offers affordable retirement guidance
        The Simon Letter Wealth Protection Insights
        Global Property Advisor Global Investment Opportunities

        Our Customer Service team is here to assist with any questions or concerns CustomerService@LiveandInvestOverseas.com

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        Home Investing

        There’s So Much More Than Beach To This Sunny Mediterranean Island…

        Why This Sun-Drenched Isle Is A Top Choice For Residency And Even A Second Passport

        by Lief Simon
        Jun 27, 2024
        in Investing
        0 0
        view of paphos cyprus

        Adobestock/M-Production 

        Cyprus—north and south—is dead center of my radar.

        Property markets across this island nation are not only among the world’s best bargains…

        But they also offer tremendous upside in terms of both cash flow and appreciation, near and long term.

        However, Cyprus is not only a top investment option. It’s also an A-level choice for what I like to call mobility assets: visas and second passports.

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        Cyprus is an A-level Plan B choice

        Kyrenia old harbour and castle view in Northern Cyprus
        Adobe Stock/nejdetduzen

        Establishing residency in Cyprus—both north and south—is about as easy as establishing residency gets…

        In the south, the easiest route is the Category F Permit, which is renewable annually. This is what I refer to as a “self-sufficiency option.” As long as you can prove an income that will support you in the country, you’ll be granted residency.

        You don’t need to apply for this visa in advance of arriving in Cyprus. You can simply land in the country on your tourist visa and extend it for up to a year while you apply for permanent residency.

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        To apply, you’ll need to open a bank account, make a deposit of 9,000 euros (which can be taken out of the account once you’ve been approved), and either purchase a property or sign a rental contract of at least one year.

        You’ll also need to prove that you have a steady income. No minimum income is specified; 1,000 euros a month will suffice.

        The downside is that the process is slow. It can take up to two years to receive your approval (note, though, that, during this time, you can leave the country without penalty).

        The good news is that this route gets you immediate permanent residency. No renewal is required, and you only need to visit the country once every two years to maintain your status.

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        If you don’t want to wait the two years, you can fast-track your residency by purchasing property worth a minimum of 300,000 euros.

        The investment can be split between two properties. You’ll also need to make a fixed-term deposit in a Cypriot bank of at least 30,000 euros for three years. You must prove an annual foreign income of at least 30,000 euros.

        The investment can be split between two properties.

        You’ll also need to make a fixed-term deposit in a Cypriot bank of at least 30,000 euros for three years. You must prove an annual foreign income of at least 30,000 euros, plus 5,000 euros for each dependent child and 8,000 euros for each adult dependent (spouse and parents).

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        Going this route, the process takes just a few months.

        And, leveraging my connections here, you can pick up world-class property boasting a wealth of five-star resort-style amenities steps from a pristine Mediterranean beach. It offers turn-key returns of 8% net, with rental management on-site.

        Again, you’ll be granted immediate permanent residency… meaning no renewals required. This is a big-deal advantage over many other residency options you might be considering.

        In Northern Cyprus, you become eligible for residency after you’ve initiated the purchase of a piece of property. You can qualify even before the property is paid off.

        The Republic of Cyprus is part of the EU… meaning that a passport from the Republic of Cyprus is a valuable asset. It allows you to live and work anywhere in the European Union.

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        And you can be eligible to acquire one after just four years of residency (on any type of residency visa) if you can speak Greek… or after five years of residency if you don’t. You must have been living in the country for at least the last 12 months prior to making your application.

        What’s especially interesting here is that the naturalization “clock” begins ticking as soon as you enter the country. You can be earning time to count toward an eventual passport even while you’re in the country on a tourist visa.

        Stay diversified,

        Lief Simon signature

        Lief Simon
        Editor, Simon Letter

        Tags: cyprusinvest in cyprusinvestment in cyprusLive in Cyprusreal estate in cyprusresidency in cyprus
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        Lief Simon

        Lief Simon

        Lief Simon has lived and worked in 7 countries on 5 continents and traveled to more than 75 countries. His real estate investment career began with a $5,000 down payment on a three-flat building in Chicago. Less than three years later, Lief sold the building for a leveraged return of 3,000%—$150,000 in profit after closing costs and commissions.

        From there, he turned his attention overseas and has bought property in 24 countries including France, Croatia, Portugal, Ireland, Belize, Spain, Argentina, Cyprus, Romania, and beyond. Thanks to his decades-long career as a global property investor, Lief has built a multi-million-dollar portfolio that includes rental properties, significant land holdings, and 7 personal residences.

        Lief has established residency in 3 countries and acquired a second passport from Ireland.

        In 2008 Lief and wife Kathleen Peddicord made the most important investment of their lives—a 215-acre oceanside finca, known as Los Islotes. There, on Panama’s largely undiscovered Veraguas coast, they’ve installed underground electricity, water, and internet and built a forever family home that sits at the heart of their ultimate vision: a gold standard private residential community for those in search of a true safe haven escape.

        Lief’s latest book, “Cowboy Millionaire—The New American Pioneer,” collects all the wisdom he has learned in three decades of living and investing outside America.

        He offers advice on international diversification in his twice-weekly Offshore Living Letter and monthly Simon Letter dispatches. For real estate investment opportunities, check out his monthly Global Property Advisor service.

        If you’d like to meet Lief in person, join him for one of our upcoming in-country conferences. You’ll find further details here.

        Start Your New Life Overseas Today!
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          Top Countries

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          • Belize
          • Colombia
          • Cyprus
          • Mexico
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          • Montenegro

          Best For:

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          BROWSE ALL COUNTRIES

          Budgets

          How Much Will It Cost
          To Live Overseas?

          Super Cheap

          • Chitré, Panama
          • Santa Marta, Colombia
          • Phuket, Thailand
          • Dumaguete, The Philippines

          Cheap

          • Medellin, Colombia
          • Boquete, Panama
          • Kyrenia, Cyprus
          • Hua Hin, Thailand
          • The Algarve, Portugal

          Affordable

          • Valencia, Spain
          • Cascais, Portugal
          • Las Terrenas, The DR
          • Pisa, Italy
          • La Rochelle, France
          • Mazatlán, Mexico

          Luxury

          • Ambergris Caye, Belize
          • Kotor, Montenegro
          • The Panama City Beaches
          • Paris, France

          Resources

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