CYPRUS RESIDENCY
Cyprus permanent residency (PR) scheme offers permanent residency within 4-6 months, by investing in real estate to the tune of €300,000. The PR program extends to the investor and relatives (spouse and dependent children up to age 25 of the applicant). The procedure is simple, straight forward, secure and can be completed remotely.
Time to secure permanent residency 4-6 months.
Residency requirement 1 day every 2 years.
Process simple, no language, medical exam, or interview.
Guaranteed
approval 100%.
Minimum investment of at least €300.000
CYPRUS RESIDENCY CRITERIA
Permanent residency may be obtained through a secure property investment, the financial criterion is as follows:
€300,000 investment in new residential real estate (in a single property or two properties).
€300,000 investment in new residential real estate (in a single property or two properties).
RESIDENCY BENEFITS
Live in Cyprus
No living requirements
Enables you to own a business in Cyprus
Valid for life
Travel in the EU
CYPRUS RESIDENCY REQUIREMENTS
NECESSARY DOCUMENTS NEEDED
- Copy of valid passport of the applicant and his dependants.
- CV for all Adult members of the application.
- Declaration of a secured annual income from the main applicant of a capital of, €50.000 at least. Plus €15.000 for the spouse and €10.000 for each dependent child.
Applicant can either provide:
01 Legalized tax declaration for the two years preceding the submission of the PR application from the country the main applicant is the tax resident of
or
02 An income with certificates issued by an independent chartered accountant.
- Documents proving that the capital used for the investment has been transferred to Cyprus from abroad.
- Marriage Certificate duly certified and officially translated (original or certified copy).
- Children’s Birth Certificates dully certified and officially translated (original or certified copy).
- Original Criminal Record Certificate for the applicant and his/her spouse, duly certified and officially translated.
- Proof of payment at least €300,000.
- Health insurance.
A GREAT ISLAND TO LIVE!
WHY CYPRUS?
- Location: The island is in a strategic location (between three continents).
- Excellent Mediterranean Climate: Mild Winters & Cool Summers.
- Standard of Living: High standard of living and top-ranked lifestyle.
- Safe & Secured Environment: One of the safest countries in the EU – Lowest crime rate.
- Tourism: Top tourist infrastructure – most ‘’blue flag’’ beaches per coastline in the world.
- Heritage: Rich culture and history.
- Excellent Facilities: Shopping malls, marinas, golf resorts.
- Healthcare – Education: High standard healthcare facilities & excellent public and private educational institutions (international schools, colleges, universities).
- Wide Range of Activities: Diving, Skiing, Golfing, Hiking, Excursions, etc.
- Infrastructure: Excellent telecommunications and upgraded infrastructure (road network, international Airports, Shipping port).
INVESTMENTS WITH GREAT RETURN
INVESTMENT DESTINATION
- Stable Economy: Fast return to growth and to the international markets.
- Attractive Tax System: One of the lowest corporate tax rates in the EU (12.5%) – Wide range of tax incentives related to Real Estate.
- Financial Services: Excellent banking & financial facilities with worldwide networks.
- Immigration Schemes through Real Estate Investment: Opportunities for third country nationals to apply for CY PR.
- Workforce: Highly skilled, educated, and multilingual workforce in all industry fields.
- Thriving Tourism Sector: Investment opportunities related with the tourism industry.
- Creation of the largest European Casino in Cyprus: Contribute significantly towards the growth of the Cyprus Economy and will attract high net worth of tourism.
- Excellent Opportunities: Large scale projects, natural gas reserves in Cyprus’s exclusive economic zone.
- Legal System: Transparent legal system based on British law practices.
PR WITH PROSPECTA DEVELOPMENTS
HOW TO SECURE YOUR CYPRUS PERMANENT RESIDENCY
01
Choose your real estate with an investment of €300.000 + vat
02
Sign the purchase agreement & make an initial payment
03
Submit required residency documents
04
Cyprus permanent residency issued approximately in 6 months
05
Obtain your Digital ID Card and Permit
06
Applicant & Dependents Must visit Cyprus at least once every 2 Years
CHOOSE YOUR PROPERTY FOR THE PERMANENT RESIDENCY
ELIGIBLE PROPERTIES FOR CYPRUS PERMANENT RESIDENCY
