Citizenship & Residence

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Welcome To Cyprus

  • Type : Citizenship
  • Capital City : Nicosia
  • Other Major Cities : Larnaca, Limassol, Paphos Famagusta, Kyrenia
  • Government : Presidential Democratic Republic
  • Language : Greek Turkish (English Widely) Spoken
  • Currency : Euro
  • Population : 1,141,166
  • Area : 9251 km ²

Program Overview

  • • Type : Permanent Residence

  • • Currency : Euro

  • • Time to Citizenship :2-3 months

  • • Assets : Real Estate

  • • Interview : No

  • • Required Physical Residency : No

  • • Can Get My Investment Back? : Yes

Cost Requirements

Applicants seeking Cypriot Permanent Residence must meet the following criteria;

1. The main requirement is the purchase of new immovable property of a total market value of at least EUR 300,000 plus VAT. The applicant must submit the application form accompanied with a contract of sale and proof of payment of at least EUR 200,000 plus VAT. The contract of sale must have been submitted to the Cyprus Department of Land and Surveys. The property can also be bought by a company provided that the company is registered in the name of the applicant or the applicant and spouse, and they are sole shareholders.
2. The applicant must submit a confirmation letter from a Cyprus bank that they have deposited a minimum capital of EUR 30,000 from abroad into an account which will be locked for three years. After the expiration of this period, the money will be released without restrictions.
3. The applicant must provide supporting evidence of a secured annual income of at least EUR 30,000 deriving from abroad. This income must increase by EUR 5,000 for every additional child, and EUR 8,000 for each dependent parent. This income may include salaries from employment, rents, pensions, and dividends from shares, etc.

Timeline & Procedure

  • Step 1:

    We will guide you to the Cypriot property that fully satisfies your requirements and start preparing the property purchase documentation required to be presented for the Permanent Residency application. We will introduce you to our team of lawyers who will assist in the opening of a Cypriot bank account.

  • Step 2:

    Once the sale agreement for the purchase of your property is signed and all other relevant documents gathered, A fee of EUR 500 is payable with the submission of the application and EUR 50 extra for the biometric capturing.  The application will then be examined by the Migration Department and will be submitted to a permanent secretary of the Ministry of Interior. Approval can be expected within 2 months, and Permanent Residency is granted provided all requirements have been met.

  • Step 3:

    Once approval has been granted, the applicant and all the members of the family must visit Cyprus within one year to obtain the actual permit. When in Cyprus, a visit is organized to the migration office in Nicosia in order to capture the biometric data for all members of the family applying.  The biometric data can be submitted either with the submission of the application for residence, during the application process, or immediately after approval.

Cyprus Permanent Residence (EU) Benefits

  • • Fast track application procedure to obtain Cypriot (EU) residency within 2 months from the date of filing.

  • • Applicants and their families (children up to the age of 25) can freely reside in the Republic of Cyprus.

  • • Applicants can register a company in Cyprus and be shareholders in their Cypriot companies.

  • • It is not necessary to reside in Cyprus but a visit once every two years is required

  • • Dependents can be enrolled in high quality private schools, offering English language courses

  • • The whole process can be arranged without being present in the country, however, a visit is required for biometric capturing.

  • • Cyprus experiences a warm climate all year round.

  • • Strategically located at the crossroads of Africa, Europe and Asia.

  • • Renowned tourist destination, with beautiful sunshine and sandy beaches.

  • • Very low crime rate.

  • • No inheritance tax; one of the lowest taxes in the world. Double taxation treaties with over 43 countries.

  • • Access to the best Universities and private schools all around the island.

  • • Cyprus is a full member of the European Union and a member of the Eurozone.