Cyprus


PERMANENT RESIDENCE BY INVESTMENT PROGRAM

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BENEFITS

  • A European Union (EU) member country
  • One of the easiest countries to obtain residence
  • Spouse, and any dependent children up to 18 years old can be included
  • Safe living environment, a beautiful location with a great quality of life
  • Permanent Residents can travel freely throughout all 26 Schengen countries in Europe
  • Can apply for citizenship after 5 years permanent residence
  • Opportunity to own Freehold property
  • No inheritance or wealth taxes
  • Low annual property taxes

 

 

 

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INVESTMENT OPTIONS

  • An investment of at least €300,000 +VAT in a single residential property used as a permanent residence; or
  • Two residential properties providing the total value exceeds €300,000 +VAT; or
  • One residential property, plus a shop unit not exceeding 100 square meters providing the total value exceeds €300,000 +VAT; or
  • One residental property, plus a shop unit not exceeding 250 square meters providing the total value exceeds €300,000 +VAT
  • The investment may be made personally or through a wholly owned company, or through a company owned jointly with the spouse of the applicant

 

   
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REQUIREMENTS

  • Must purchase a qualifying property in Cyprus
  • Must have an overseas annual income of at least €30,000 plus €5,000 per year for each dependent
  • Must deposit at least €30,000 in a Cyprus bank
  • May not be an employee in Cyprus bank
  • No criminal record
  • In good health
  • Must have acceptable Medical Insurance
 
   
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PROCESS

  • Application submitted to the Civil Registry and Migration Department of Cyprus
  • Submission of supporting documents plus evidence of intended investment
  • Decision made within 2 months of completed application
   
   
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