Cyprus Residency
The Cyprus Permanent Residency Programme has created a strong foundation whereby third country nationals are given a choice to invest in the Cyprus real estate market thereby gaining access for the main applicant and their families to the European Union through such an investment.
All that is required to secure guaranteed permanent residency in Cyprus is a single real estate investment of €300,000.
The attractive Mediterranean way of life is guaranteed to secure you and your families’ future allowing you trouble free travel to any of the EU member states whether for work or a small holiday. In essence, another home away from home enabling you to even do business and take advantage of the extremely attractive tax system the island has to offer.
The applicant must make an investment of at least €300.000 in one of the following:
Criteria
Criteria- Participants need to invest a minimum of €300.000 (plus VAT) in a property.
- Investment in Immovable Properties (excluding houses/apartment): The Applicant must have made an investment of at least €300.000 by purchasing a combination of other types of Immovable Properties such as offices, shops, hotels or similar tourist accommodation, which may also be resale properties.
- Investment in Cyprus Company’s share capital, with business activities and personnel in the Republic: Investment worth €300,000 in the share capital of a company registered in the Republic of Cyprus, based and operating in the Republic of Cyprus and having a proven physical presence in Cyprus and employing at least five (5) people.
- Investment in units of Cyprus Investment Organization of Collective Investments (forms of AIF, AIFLNP, RAIF): Investment worth €300,000 in units of Cyprus Investment Organization Collective Investments.
- Application is initiated following the investment of the first €300.000 (plus VAT).
Advantages
Advantages- Permanent Residency is granted for life.
- 7 years time to citizenship
- Permanent residency applies to all the family including children (dependents) up to the age of 25
- The residence permits are issued to third country nationals in a uniform format as an ID card.
- The only Permanent Residency Programme that is valid for life.
- Easy access to Europe
- Simple process - No language requirements -No medical requirements or interview
- No living requirements
- Investment in a Freehold Property
- Granted within 2 months from the day of submission.
- No inheritance taxes
- Access to free healthcare.
- All nationalities are eligible to apply
