Residence permit is issued within 2-3 months.
A simplified and fast-track procedure for obtaining a permanent residence permit is only provided for buyers of new properties of the value at least €300,000 excluding VAT.
Fast track Residence Permit may be obtained through a secure property investment, the financial criteria are as follows:
In addition to make a financial investment applicants must also meet the following criteria/supply the following documents:
Residence permit is issued within 2-3 months.
Cyprus residence permit has life-long validity. No renewals needed.
Residence permit is granted to the applicant, the spouse and children up to the age of 18.
No requirement to stay in Cyprus other than to visit the island once every two years.