Overview & Advantages

CYPRUS RESIDENCY PERMIT (PR)

In 2016 the Civil Registry and Migration Department has amended the legislation of granting an Immigration Permit in Cyprus to third country nationals who invest in Cyprus by purchasing a property of 300.000 EUR + VAT. The new criteria known as Regulation 6(2) of the Aliens and Immigration Regulations, has been simplified and accelerated. Provided that investment in Cyprus is made and curtain criteria are met, a 3rd country individual, his/her spouse, children and parents can obtain a Lifetime Permanent Residency permit in Cyprus within 2 months.

ADVANTAGES

The main Cyprus Residency Permit Advantages are the following:

  • Simplified process with timeframe from 2-3 months
  • Visa Free Entry to Cyprus
  • No personal Tax due to Resident Non Domiciled status on income from overseas
  • All family members including children up to 25y and parents and In-laws can qualify for the Cyprus Residency Permit
  • Cyprus is one of the safest countries in the world with political stability
  • Multicultural society. English and Russian languages are widely spoken
  • The Cyprus Permanent Residency holders are not required to actually move to Cyprus provided that they visit Cyprus at least once in 2 years
  • A Cyprus Permanent Residency holder is Entitled to apply for Citizenship after 7 years of actual resigning in Cyprus as a permanent resident
  • Strategic Location between Europe, Asia and Africa
  • High standard of Education (International High Schools and Universities)
  • Modern medical facilities

STEP by STEP to PR in 2 Months

2 WEEKS

  • Buy Property (300K + VAT)
  • Fixed Deposit 30k for 3 year in Cyprus
  • Income declaration (min. 30k/year)

1 WEEK

  • Collection of documents & preparation of Application forms for Cyprus Residency Permit
  • Submission of Documents & Application Forms for Cyprus Residency Permit

1 MONTH

PROCESSING TIME & EVALUATION for the Cyprus Permanent Residency Permit:

  • Cyprus Civil Registry
  • Migration Department
  • Ministry of Interior

1 WEEK

  • Personal Appearance for Biometrical details for ID
  • Receipt of Permanent Residency Permit and ID cards