Cyprus As Your Ideal Residence

Cyprus Permanent Residency

Applicants can secure permanent residency in Cyprus through investment in real estate. The programme is one of the fastest and simplest investor visa programmes in Europe. It requires investment of just €300,000 into property to gain the Cyprus residency permit.The residency visa is granted within two months and covers the whole family. It includes parents of both the main applicant and spouse plus dependent children up to the age of 25. It is valid for life and can be passed down to dependents and spouse.

The permanent residency programme offers ease of travel throughout the European Union and requires just one visit to Cyprus by all family members once every two years. The investment may be made by a company for which the main applicant and spouse are beneficial owners. The investment can be in to a maximum of two properties provided they reach the €300,000 permanent residency limit. The properties purchased must be brand new.

PROCEDURE
 
1. Purchase in Cyprus numerous Real Estate properties with a total purchase cost of €300,000 (excluding VAT). Real Estate properties can be either Residential or Commercial properties
 
2. At least €200,000 (excluding VAT) of the purchase cost must be settled
 
3. A steady and secure annual income should be transferred on a regular basis from overseas to an operating bank in Cyprus. The annual income should derive from sources other than employment in Cyprus, such as salaries from employment, pensions, dividends from shares, fixed deposits, rents etc.
 
4. Applicants should transfer the amount of €30,000 from abroad and deposit it in an operating bank in Cyprus for a 3-year period

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