Cyprus
Residency by Investment in Real Estate
FACTS
LOCATION
Eurasian Island Country in the Mediterranean Sea
CAPITAL
Nicosia
TOTAL AREA
9,251sq. kms in area
CURRENCY
Euro
LANGUAGE
Greek & Turkish
ELIGIBILITY
AGE
Over 21 years
EDUCATION
No education required
FUNDS
Source must be legal
DEPENDANT
Under 18 years of age
HEALTH
No serious medical comditions
HIGHLIGHTS
CITIZENSHIP
Applicant can obtain permanent citizenship after 7 years
VISA FREE TRAVEL
Visa free travel to 173 Countries
EXCHANGE RATE
EUR €1 = USD $1.18
TAX
Low tax rates and free trade with in EU
BENEFITS
Stay Requirements
No minimum stay required for Citizenship.
International Income
No Tax applicable on World Wide Income.
Timeline of the process
The minimal time of processing is 3 to 4 Months.
Residence By Investment
*For more information on government rules and other details, please Contact us for more details
Fast Track
(3 Months)
Minimum Real Estate Investment
€300,000
Fixed Deposit
€30,000
Annual Income :
Main Applicant
€30,000
Each Dependant
€5,000
Visit Cyprus every 2 years
*Govt charges applicable
Regular
(12-16 Months)
Minimum Real Estate Investment
Min €10,000
Fixed Deposit
€30,000
Annual Income :
Main Applicant
€10,000
Each Dependant
€5,000
Visit Cyprus every 2 years
*Govt charges applicable
Applicants can secure permanent residency in Cyprus through investment in real estate. The program is one of the fastest and simplest investor visa programs in Europe. It requires an investment of just €300,000 into the property to gain the Cyprus residency permit. The residency visa is granted within two months and covers the whole family. It includes parents of both the main applicant and spouse plus dependent children up to the age of 25. It is valid for life and can be passed down to dependents and spouse.
The permanent residency program offers ease of travel throughout the European Union and requires just one visit to Cyprus by all family members once every two years. The investment may be made by a company for which the main applicant and spouse are beneficial owners. The investment can be into a maximum of two properties provided they reach the €300,000 permanent residency limit. The properties purchased must be brand new.
There are numerous benefits to getting a Cyprus PR through investment, some of which we will discuss below.
Cyprus Residency Through Investment: Advantages
- You, the PR holder, and your immediate relatives can travel to non-Cyprus nations in the EU region.
- You can also make your minor kids and spouse part of the application. In the event you have grown-up children aged as many as 25 years who turn to you financially, then you could also add them to the application.
- The PR Card comes with lifelong validity.
- With PR, residing in Cyprus without interruption for seven years will contribute to getting a national passport.
