Cyprus Residency

THE FASTEST AND EASIEST WAY TO GET RESIDENCY PERMIT

CYPRUS PERMANENT RESIDENCY:

Investment Options
Standard Track (Category F application)
- The applicant is required for standard track have purchased a property with values started from €150.000 (plus VAT)
- Timeframe is 12-18 months.

Fast Track (Regulation 6 paragraph 2)

For fast-track option the Investor must purchase a house or apartment from a development company, which should concern a first sale of at least €300,000 (plus VAT).
The Investment can be for any other types of real estate such as offices, shops, hotels or related estate developments or a combination of these with a total value of €300,000(Plus, VAT).The purchase of interest can be the result of a resale.
The Investment of €300,000 can be in units of the Cyprus Investment Organization of Collective Investments (forms of AIF, AIFLNP, RAIF) An Alternative Investment Fund.
Share capital of € 300,000 of a physical company registered and operating in Cyprus, which employs at least five people. Timeframe is 2-4 months.

Benefits of Permanent Residence Permit

Lowest entry for the permanent residency program in the European Union.
The Cyprus residence permit is a lifetime permit.
Successful applicants of the program have the right to apply for Cypriot citizenship following their physical presence in the country for seven-year period.
The relocation of applicants’ children who has the permanent residency permit to Cyprus for studying purposes could lead to them obtaining Cypriot citizenship. Regulation 6 paragraph 2.
Inclusion of family – parents and parents in law (for fast track only).
Inclusion of dependent children up to 25 years old (for fast track only).
Once obtained, the Cyprus permanent residency facilitates the process of acquiring a Schengen visa.
The right to live, start your own business and Study in Cyprus.
The ability to study in EU countries.
High-quality private schools or universities if the applicant resides in Cyprus.
There is no need to reside in Cyprus if the applicant and their family members who are included in the immigration permit application visit Cyprus at least once every two years.
Cyprus allows dual residency.

WHY INVEST IN CYPRUS:

Cyprus is an EU member since May 1, 2004.
Easy access within EU.
Cyprus recorded millions of tourists every year.
Cyprus is set to join the EU Schengen zone soon.
English is widely spoken.
It recorded millions of tourists every year.
The island of Cyprus is blessed with long summers and short mild winters 340 sunny days every year.
Cyprus’s economic freedom score is 72.9, making its economy the 23rd freest in the 2022 Index. Cyprus is ranked 16th among 45 countries in Europe region.
5th safest country in Europe and one of the safest countries in the world.
There is an excellent telecommunication and internet structure in Cyprus.
The public healthcare services in Cyprus are excellent; meeting and often exceeding international standards.
High rental yield.
Prime Education System and European Universities.
Economic and Political stable European country.
One of the lowest corporate tax rates in the EU at 12.5%, property tax and there is reduced VAT on property of just 5%.
Cyprus is strategically located at the crossroads of three continents, Europe, Asia and Africa.
No inheritance or wealth tax.
Strong shipping credentials.
A robust legal and regulatory framework.
Efficient banking and professional services.
Investors may invest and establish a business in Cyprus on equal terms with local investors.

ABOUT CYPRUS:

Official Name: Cyprus Republic
Form of Government: Unitary Presidential System
Capital: Nicosia
Population: 1.21 million
Official Language: Greek,Turkish
Currency: Euro
Area: 9,251 KM2
Education: Pre-Primary to High education, Public/Private Schools, UK Integrated Educational Programs
Culture: Cypriot - Mixed of Northern Turkish and southern Greek - Arts, Music, Literature, Mass Media, Cinema
Environment: Low Crime Rate - 5th Safest Country in The world
Health Care: Distinction in Healthcare, Recognized by WHO, NHS
Taxation: Low Taxation-Reduced to 5% on Investments
Tourism: Major tourist Destination
Weather: Mediterranean, Subtropical
Politics: Presidential Democratic Republic- Stable
Schengen: Not part Of Schengen- Set To Join EU Soon
Religion: Christian Orthodox - Small Communities of Muslim

QUALIFICATION & INVESTMENT CRITERIA:

The applicant must be non-EU National.
The applicant must be over 18 years of age.
The applicant must be in good health.
Clear criminal record.
Sales/purchase contract in relation to the selected investment option.
One or two housing units (apartments or houses) which may be independent.
Proof that funds came from abroad.
Proof of source of wealth: documents providing from where the wealth has been derived
Proof of source of investment funds: supporting with bank statements for last 12 months, owned properties contracts, etc.
Proof of Annual income of €30,000 (+€5,000/each dependent & €8,000 for each Dependent Parent).
It is also increased by €8.000 for each dependent parent or parent-in-law and provided this is satisfied they can also apply and get the permanent residence permit.
Proof of address in the country of residency.
Valid passport.
2 photos passport.
Birth certificate.
Marriage certificate- (in case of marriage).
Medical insurance.
No intention of Employment Pledge.
Proof of an annual income of €30.000 (plus €5.000 for every dependent).
he Permanent Residency permit covers the spouse and children (biological or adopted) up to 18 years old.
Also, children between 18 and 25 years old can apply provided they fulfil the following:
- Financially dependent on the investor
- Unmarried
- University students abroad with a minimum of six months remaining study period from the date of the submission of the application.
All the documents you submit have to be in English.
All the documents you submit must be legalized if your origin country is part of the Apostille Convention.
An Apostille Stamp is required. If your country is not a member of the Apostille Convention, your documents must be legalized by your country’s Ministry of Foreign Affairs, the Cypriot Ministry of Foreign Affairs, as well as the Cyprus Embassy in your country.