Residency programme

SHAPE YOUR FUTURE

Cyprus’ pioneering Permanent Residency Program propositions those acquiring property with the opportunity to establish a Mediterranean home away from home. You and your
family will be allowed to live freely in Cyprus should you choose, and even engage in business; permit holders have the right to own a business in Cyprus or establish
a Cyprus company as an intermediary for export trading throughout the world, therefore benefiting from Cyprus’ excellent business and tax advantages.

  • VISIT CYPRUS AT LEAST EVERY 2 YEARS

  • COVER 2 GENERATIONS FAMILY

  • €300,000 PROPERTY INVESTMENT

  • GRANTED WITHIN 2 MONTHS

  • APPROVAL RATE 100%

CONDITIONS

  • The applicant must be 18 years old
  • The applicant has a clean criminal record
  • The applicant has a good health
Dependents:
  • Spouse
  • Children are till 25 years old, financially dependent, single and full-time study
PR holders must visit Cyprus one time every two years to maintain their resident status

BENEFITS

Cyprus PR holders are entitled to the following benefits:
  • The Permanent residence card valid for life
  • Cyprus PR holders are entitled to apply for citizenship after 5 years of residence in Cyprus
  • Tax system with many incentives for businesses, corporate income tax is only 12.5%
  • No inheritance tax, real estate tax, especially Cyprus signed a treaty to avoid double taxation
  • Cyprus uses common law
  • Real estate is fully owned and used indefinitely
  • Education system meets European standards, children are free of tuition at public schools
  • The medical facility is equipped with modern equipment with a team of highly qualified doctors
  • Advanced infrastructure and modern airports connect to key destinations
 

PROCEDURE HIGHLIGHTS

  • 1
    Required documents will be collected
    2
    Make payments for the property according to the signed contract and Government fees
  • 3
    Lawyer submits applications to Immigration Department
    4
    Applicant and dependents visit Cyprus to get their biometrics
  • 5
    Receive approval letter and wait for PR cards to be issued
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