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Cyprus | A Heaven Country

  • Cyprus is a country island situated in the Eastern Mediterranean area.
  • It is the third largest island of the area.
  • The currency is Euro since it is a full member of the European Community.
  • The official language is Greek, but English is spoken by almost everyone.
  • The island country operates in an open and market driven economy.
  • Foreign investors are allowed to own property under favorable conditions.
  • The Government authorities promotes foreign investments programs and they allow non – Cypriots to own a property in the country under favorable conditions.
  • It is characterized by a high per capita income.
  • It is renowned as a European Union center for foreign investments, offshore businesses and activities.
  • It is a country island with one of the lowest crime rates in the world.
  • Cyprus has an excellent transportation structure and infrastructure that supports all the business activities that are taking place on the island.
  • Cypriot people are well mannered and are characterized for their hospitality.
  • It is well-known as an attractive financial center due to its location and favorable tax system.
  • It has a trustworthy private medical system

Why Acquiring a Permanent Residence

  • Permanent Residence provides the privilege of continuing benefit from your current citizenship status.
  • P.R. under certain residency requirements can be converted to citizenship.
  • Minimum requirements of entry in EU.
  • Easier to get visa by holding Permanent Residence.
  • Every 2 years the holder must visit Cyprus at least one time.
  • Estimated time approximately 5 months.
  • Permanent Residence owner entitled to permanently reside in Cyprus.
  • The holder can convert the permanent residence into citizenship if stays in Cyprus for (7) years out of which the last 12 months preceding the Cyprus Citizenship application must be continuous.

Residential Investment Option

  • Residential Investment of at least €300.000 + VAT
  • Deposit of a minimum capital of €30.000 into an account which will be pledged for a period of 3 years.
  • The applicant, together with his spouse, should prove that they have at their disposal a secure annual income of at least €30.000. This income should increase by €5.000 for every dependent person.
  • The applicant may purchase up to two housing units (apartments or house) which might be independent, or one housing unit and a shop of a surface of up to 100 sq. m., or a housing unit and an office of a surface of up to 250 q.m. In the case of two housing units both must be sold by the same company.
  • The Immigration permit issued to an applicant cover his spouse and children under the age of 18.
  • Unmarried children aged between 18 and 25, who may prove that they are students or undergraduates and are financially dependent on the applicant, may submit a separate application to obtain an Immigration Permit. In such case the father or mother and/or both parents together must present an additional annual income of €5.000 for every such dependent child.
  • Immigration permit may also be granted to children of the applicant over the age of 18, who are not financially dependent, provided that the market value of the acquired property attributed to each such child is at least €300.000 + VAT. In addition, in such an event each child shall submit the necessary documentation with his application (e.g. secured annual income of €30.000 , a deposit in a financial institution in Cyprus amounting to €30.000 , which is bound for 3 years)

Government Fees

  • €570 Permanent Residence main applicant
  • €70 Permanent Residence card for each family member
  • €100 Disbursements

Legal fees :   Subject to discussion.

Please contact us, in order to advice in connection to the various options and decide the most beneficial alternative  for your investment.

  • Please note that the Government has the right to alter or change any of the above mentioned procedures, criteria or fees, without prior notice, since all are granted under the sole discretion of the Government.
  • In some cases, an enhanced due diligence may be required, depending on the citizenship the applicant holds and other personal circumstances.
  • Additional transaction costs may also apply for the purchase of real estate. Fees are subject to change.

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