Cyprus

Cyprus Permanent Residency program

Passport Rank

15

Investment Amount​

300,000 EUR

Processing Time

3-9 Months

About Cyprus

 

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.

  • Language: Greek and Turkish
  • Currency: Euro
  • Total Area: 9,251 km²
  • Capital: Nicosia
  • Government System: Presidential Republic

About Cyprus Permanent Residency

 

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:

  • Fast-Track Option

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.

  • Regular Option

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).

 

Benefits of Cyprus Permanent Residency

The Cyprus Permanent Residency Program offers many benefits to any potential investor, the most important of which are:

  • Permanent European residency for all eligible family members.
  • Ease of obtaining a Schengen visa after obtaining Cypriot permanent residence.
  • Tax exemptions and privileges.
  • Leads to obtaining citizenship in the case of residency (conditions apply).
  • Real estate investment with good ROI (Return On Investment).

Cyprus Permanent Residency Qualifications & Requirements for Investors

 

Requirements and qualifications for the Fast-Track Option:

  1. Spouse of the main applicant.
  2. Adult unmarried children of the investor between the ages of 18-25 who are financially dependent on the investor and enrolled in educational institutions.
  3. Dependent children of the primary applicant under the age of 18.
  4. Proof of annual income based on the number of family members.

Requirements and qualifications for the Regular Option:

  1. Spouse of the main applicant.
  2. Investor’s children under 18 who are dependent on the investor.
  3. Proof of annual income based on the number of family members.
  4. Deposit an amount in a Cypriot bank.

Cost of obtaining Cyprus Permanent Residency

 

Each investment track has its own costs and fees. There is the fast track option, which starts from 300,000 EUR, and there is the regular track, which is less than the fast track, and each of them has terms and conditions.

 

*Other fees may apply.

Process and steps Cyprus Permanent Residency

 

  1. Step one: Collect the necessary documents and papers to complete the property purchase.
  2. Step two: Visit Cyprus and inspect the real estate to choose what suits the client.
  3. Step three: Fully commit to conducting a security check on the property and ensure its condition before purchasing.
  4. Step four: Submit an application for permanent residency to the Cyprus Immigration Department.
  5. Step five: Head to Cyprus upon approval to take biometric fingerprints and obtain a residency permit.
  6. Step six: Obtain permanent residency.

Our services

 

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:

  1. Providing all the necessary information for the program.
  2. Assisting with visa procedures to Cyprus, including obtaining an invitation from Cyprus.
  3. Scheduling and organizing your travel plan to Cyprus.
  4. Assisting in preparing and submitting the residency application.
  5. Continuously monitoring the status of your application and updating you on any developments.

FAQ’s

  • Do I have to live in Cyprus in order to maintain permanent residency status?

    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

  • How long will it take to get permanent residency?

    Within 3-9 months from the date of submitting the application and accompanying documents to the immigration authorities.

  • When can I sell the real estate?

    You must retain ownership of the real estate for a lifetime if you wish to maintain permanent residency.

  • Can I work in Cyprus during the permanent residency period?

    You can establish your own company, but you cannot work as an employee in any other companies.

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