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Permanent Residence Permit in Cyprus

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.

Investment Criteria

Fast track Residence Permit may be obtained through a secure property investment, the financial criteria are as follows:

Cyprus
  • The Purchase Price must be at least 300,000 Euro (not including VAT) sold for the first time.
  • At least 300,000 Euro (not including VAT) should be paid to the Vendor.
  • Proofs of transfer of 300,000 Euro (not including VAT) from abroad must be provided.
  • The applicant should also have a deposit of €50.000 pledged in a bank account in Cyprus for every year following the permit.
  • The applicant should prove that has at disposal a secure annual income of at least €50.000.

Application Criteria

In addition to make a financial investment applicants must also meet the following criteria/supply the following documents:

Passport

passport

Curriculum Vitae

biography

Children’s Birth certificates

birth

Police clearance certificate from country of origin

police-clearance

Marriage certificate (if applicable)

marriage

Official Statements by the applicant and his/her spouse that they do not intent to undertake any sort of employment in Cyprus.

statement

Health Insurance Policy for the applicant and his/her dependents

health-inssurance

Major Benefits

FAST & EASY PROCESS

Residence permit is issued within 2-3 months.

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PERMANENT VALIDITY

Cyprus residence permit has life-long validity. No renewals needed.

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GRANTED TO ALL FAMILY MEMBERS

Residence permit is granted to the applicant, the spouse and children up to the age of 18.

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ZERO DAYS

No requirement to stay in Cyprus other than to visit the island once every two years.

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The Process

1

Applicant must gather all necessary papers required for application. The documents must be officially translated into Greek or English and certified with apostille (if in a country which has signed the Hague Convention of 1961) or stamped by the Ministry of Foreign Affairs and relevant Cyprus Embassy.

2

Selected property/ies (through visit to Cyprus or via correspondence). Sign purchase agreement and transfer funds to a secure account. Receipt issued by developer, which is required for application.

3

Payment of submission fee €500 for the applicant.

4

Application lodged, together with the property purchase agreement and all required documents, at the Civil Registry and Migration Department (CRMD).

5

Fast Track Residence Permit form CRMD within a 3 month period.

6

Applicants must visit Cyprus after receiving approval to provide authorities with their Biometric Data and to collect their Residence Permit Cards.

7

The Immigration Permit issued to an applicant covers his/her spouse and children under the age of 18.

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Im Interested About The Permanent Residence

We are acutely aware that clients need to feel confident when committing their money and dreams to a property investment. That is why our entire business structure is built around our ability to always deliver on the promises we make.