Cyprus Permanent Residency

Five Easy

Steps

CHOOSE REAL ESTATE INVESTMENT
  • Investor selects property
  • The minimum investment should be €300,000 + VAT.
PAYMENT
  • Purchase Agreement signed
  • Minimum requirement of €200,000 + VAT as initial payment
  • Permanent Residency fee €500 per application
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DOCUMENTATION SUBMISSION

Required documents need to be prepared and submitted to the Civil Registry and the Migration Department, or to the District Offices.

Residency Permit is issued within 2 months.

RESIDENCY PERMIT AND ID CARDS

Upon approval, the applicant is required to visit Cyprus within one year to obtain the actual permit and digital ID cards

VISIT CYPRUS EVERY 2 YEARS

The applicant and his/her dependents must visit Cyprus at least once every two (2) years

BENEFITS

Probably the best fast track program in Europe that permits foreigners to acquire an Immigration Permit through property investment.

Investment Criteria

An individual is eligible to apply under the Permanent Residency Program through an investment in Cyprus of €300,000 +VAT including:

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A. Investment in Residential Real Estate

Purchase of a house or apartment from a Development Company- first sale Property of at least €300,000 (plus VAT). The applicant must submit a Contract of Sale lodged at the Lands office/title deed of the minimum value of €300,000. At least €200,000 plus VAT must be paid prior to the submission of the application and relevant receipts to be presented.

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B. Investment in Non Residential Real Estates

Purchase of other types of real estate such as offices, shops, hotels or similar developments or a combination of these with a total value of €300,000.

At least €200,000 plus VAT must be paid prior to the submission of the application and relevant receipts to be presented.

Personal Criteria

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Clean Criminal Records

Translated in English and duly certified (certified by the Cyprus Embassy and the Ministry of Foreign Affairs) – for the applicant/spouse and parents.

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Marriage Certificate

Translated in English and duly certified (certified by the Cyprus Embassy and the Ministry of Foreign Affairs) – for the applicant/spouse and parents.

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Birth Certificates of the children

Translated in English and duly certified (certified by the Cyprus Embassy and the Ministry of Foreign Affairs). ln case the children are adult please inform us accordingly as additional documentation must be submitted with the application.
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Annual Income Certificate

From abroad of €30,000 at least, plus an additional amount of €5,000 for each dependent person (spouse and children) and €8,000 for each dependent parent.