Cyprus Investment Program is the most efficient way to obtain Cyprus Permanent Residency within 4 months of applying. All non-EU nationals can apply for permanent residency in Cyprus through a real estate investment in a new property purchased directly from a real estate developer with a minimum value of €300,000 (plus VAT).
The program is open to the investor, spouse and dependent children under the age of 25. The Permanent Residency of Cyprus is granted indefinitely. Holders of a Cyprus permanent residency permit (PRP) are required to visit Cyprus every two years.
Purchase of a new residential property in Cyprus for a minimum of €300,000 (plus VAT - 19% or 5%).
Submission of permanent residency application to The Civil Registry and Migration Department. Please keep in mind that the authorized representative can purchase property and submit applications on behalf of the investor.
Cyprus PR is issued within 4 months of application submission. To obtain a residency permit and provide biometrics, successful applicants must visit Cyprus within one year.
Proof of annual income from abroad in the amount of at least €50,000 is required. The amount is raised by €15,000 for spouse and by €10,000 for each child.
Applicants must have no criminal history.
There is no need for a language or medical exam.
Holders of a Cyprus permanent residency permit are not permitted to work in Cyprus.
The right to enter and permanently reside in Cyprus without the need for an entry visa indefinitely;
A multiple entry Schengen visa is available from any European Embassy in Cyprus;
Education at prestigious British universities in Cyprus;
The lowest corporate tax rate in Europe, as well as excellent opportunities for international tax planning;
High-quality medical facilities and healthcare;
There is no inheritance tax;
Excellent banking services with global networks.
Excellent climate and ecology, one of the safest places to live in the world, and a multicultural environment.
Foreign nationals can obtain Cyprus citizenship through naturalization. A person can become a Cypriot after meeting certain criteria over a period of time. When applying for citizenship through naturalization, the following requirements must be met:
The individual must be over the age of 21;
The person must have lived in the country for at least seven years (this has been reduced to five for individuals who have children of Cypriot descent or holders of Cyprus Permanent Residency permit obtained through property investment);
Individuals must have lived in Cyrus legally and continuously for a year prior to the date of application;
The person must be of good character and have no criminal record.
Freedom to live, work, own and run a business, travel and study in any EU member state;
Cyprus has a low 12.5% corporate income tax rate, as well as other tax benefits and incentives;
Modern communications and excellent legal and accounting services are available;
Visa-free travel to 173 countries;
There are no language requirements or obligations to live in Cyprus after obtaining citizenship;
Cyprus provides a high standard of living, a wonderful climate and ecology, one of the safest places to live in the world, and a multicultural environment.