PERMANENT Residency

Permanent Residency

Fast Track

Permanent Residency

Fast Track

Requirements:

- Acquire a new residential premise in Cyprus worth a minimum of €300,000 excluding VAT. The first €200,000 must be paid by the date of filing of the application. Additionally, the purchases must be ‘first-time’ sales meaning that they are to be bought for the first time from a property development company.

- Open and maintain a fixed deposit in a Cyprus bank of a minimum €30,000 for three consecutive years. After the expiration of this period, the money will be released without restrictions.

- Maintain a secured annual income originating from outside of Cyprus of at least €30,000. Such funds must be increased by €5,000 for each dependent, and €8,000 for each parent included in the application. This income may include salaries from employment, rents, pensions, and dividends from shares, etc.


Benefits:

- It’s a lifetime permit.

- This process may be completed within 2 months.

- No need to reside in Cyprus.

- The title deed of the property is permanent and inheritable.

- No Inheritance Tax applies in Cyprus.

- Cyprus offers a very cost-effective tax regime with favorable tax.

- Non-EU nationals have the ability to travel within EU easily. Noting that Cyprus is expected to enter the Schengen Zone soon.

- Applicants that reside in Cyprus for 5 years and more can apply the Cypriot Citizenship.

- Cyprus offers an ideal family environment, enabling your children to benefit from excellent schools and universities while healthcare and infrastructure are all state-of-the-art.

- Property can be rented or replaced.

Permanent Residency

Normal Track

Permanent Residency

Normal Track

Requirements:

- Acquire a new residential premise in Cyprus. Unlike the fast track, there is no minimum value to invest but the higher the property value the faster the permanent residency application will be processed by the Cyprus Immigration Office.

- They have a secured annual income of at least €10,000 approx. from sources outside of Cyprus. The amount is increased by €5,000 approx. per dependent added to the application.

- The applicant must not maintain employment in Cyprus and his or her income must derive from legal sources abroad.

- The process can be competed within 12 months


Benefits:

- It’s a lifetime permit.

- No need to reside in Cyprus.

- The title deed of the property is permanent and inheritable.

- No Inheritance Tax applies in Cyprus.

- Cyprus offers a very cost-effective tax regime with favorable tax.

- Non-EU nationals have the ability to travel within EU easily. Noting that Cyprus is expected to enter the Schengen Zone soon.

- Applicants that reside in Cyprus for 5 years and more can apply the Cypriot Citizenship