15
300,000 EUR
3-9 Months
Cyprus is the third largest island in the Mediterranean after Sicily and Sardinia, and it is among the five safest countries in the world. Its capital is Nicosia. It is located south of Turkey and east of Greece and is distinguished by its geographical location between the continents of Europe, Asia, and Africa. Its economy mainly relies on tourism, and it is known for its beautiful sandy beaches, archaeological sites, and distinctive local cuisine.
The Permanent Residency Program in Cyprus is a program directed towards anyone who wishes to relocate and live in Cyprus by investing in real estate through one of the following options:
This option’s procedures are completed within 3-9 months in exchange for purchasing a real estate amount starting from 300,000 euros or more. It is mandatory to retain the ownership of the real estate for life to maintain the validity of permanent residency in Cyprus.
In this option, the duration of the procedures is longer than in the fast-track option in exchange for purchasing a real estate amount at less than 300,000 euros. The process extends for no less than 3 years (other conditions apply).
The Cyprus Permanent Residency Program offers many benefits to any potential investor, the most important of which are:
The required costs for obtaining permanent residency in Cyprus through investment are as follows:
*Other fees may apply.
Reach Immigration plays a crucial role as a promoter of the permanent residency program in Cyprus. We are at the forefront in offering a wide and varied range of services to our clients, the most important of which are:
In order to maintain the permanent residence status, you must visit Cyprus at least once every 2 years. There is no minimum stay duration for these visits
Within 3-9 months from the date of submitting the application and accompanying documents to the immigration authorities.
You must retain ownership of the real estate for a lifetime if you wish to maintain permanent residency.
You can establish your own company, but you cannot work as an employee in any other companies.