Permanent Residency by Investment
The Cyprus permanent residency by investment program has become increasingly popular for non-EU individuals seeking permanent residency in an EU member state. It boasts one of the easiest and fastest immigration services in Europe, where most cases are completed within a period of 60 to 120 days.
Investment Criteria and Conditions
- Make an investment of at least € 300,000 in one of the following categories:
- Residential Real Estate
- Non-Residential Real Estate
- Share Capital of a Cyprus company
- Shares of Collective Investment Funds
- Investment can be through your legal entity (company) abroad provided you and your spouse are the sole shareholders in such company
- Must have a secured annual income of at least € 50,000. The annual income should increase by € 15,000 for the applicant’s spouse and € 10,000 for each dependent child
- You can include your spouse and dependent children up to the age of 18 years in your application
- Unmarried children between the ages of 18 & 25 can be included if they are students in an institution of tertiary education abroad and are dependent on the main applicant
- You must have a clean criminal record
- The applicant and his/her dependent family members must submit a health insurance policy certificate for medical care covering inpatient and outpatient care
- You cannot be employed in Cyprus
- You can be shareholders and directors in a company, and can draw dividends from such company but cannot draw a salary
- Every year you must provide evidence showing that you still own your investment
- You must visit Cyprus for a minimum of once in 2 years
Process
- Select Real Estate Invesetment
- Payment
- Document Submission
- Issue of Permanent Residency
- Residency Permit and ID Cards
- Visit Cyprus every 2 years
Contact us to know more and apply
