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Permanent Residence in Cyprus

Main terms & conditions

conditions

To be granted a life-long permanent residency permit in Cyprus, the applicant needs to purchase a new property or two new properties from the same developer with a total price of 300.000 Euros, excluding Value Added Tax (VAT). At the time of submission, 200.000 Euros (excluding VAT) must be transferred in settlement of the property and the contract of sale must be registered at the Land Registry Office.

Procedure

The issuance of the Cyprus permanent residency permit takes about 2 months and covers all family members, including children under 25 years old. A Cyprus residency permit allows the holder to stay in Cyprus all year round although he is not obliged to do so. Additionally it opens the doors to Shengen Free travel, European grants, subsidies and more. The procedure is one of the least troublesome in the European Union.

Differences

While in other European countries residency permits are issued for a limited period of up to 5 years in Cyprus it's life-long. Another big plus of the Cyprus residency program is that in order to keep your residency You are not obliged to stay in Cyprus for 3 months a year, you only need to visit Cyprus once every two years. However, it is necessary to open a deposit account in one of the banks for 30,000 euros for a period of 3 years.

STEP-BY-STEP SUPPORT

Years of hard work, experience, and success have made us the most preferred developing company on the island. You have the chance to invest in an opportunity of a lifetime; one through which we have helped hundreds of families relocate to the island of sunshine from all over the world, including Russia and Asia. You can sit back, relax, and trust us to guide your application process from start to finish. There is a large variety of properties available; their range is designed to meet all of our investor’s needs and expectations, including the qualification for a residency permit and the obtainment of a Cypriot citizenship.

Comparable Table
of EU residence permit

MaltaCyprusHungarySpainGreecePortugal
:
Name of Program
Malta:
Permanent Residence in Malta by means of Investments
Cyprus:
Permanent Residence in Cyprus
Hungary:
Permanent Residence in Hungary
Spain:
Residence Permit in Spain
Greece:
Residence Permit in Greece
Portugal:
Residence Permit in Portugal
:
Amount of Investment
Malta:
550,000 – 600,000 Euro (government bonds + property)
Cyprus:
300,000 Euro (Purchase of Property)
Hungary:
300,000 Euro (government bonds) + 60,000 Euro fee
Spain:
500,000 Euro (Purchase of one or several residential, commercial real estate as well as land)
Greece:
250,000 Euro (Purchase of Property)
Portugal:
500,000 Euro In some regions of Portugal the limit is reduced up to 350,000 Euro (Purchase of one or two property objects)
:
Validity Period
Malta:
Issued for 5 years with automatic extension in future
Cyprus:
Unlimited
Hungary:
Unlimited
Spain:
Issued for five years and gets extended for unlimited number of times without any problems
Greece:
First Residence Permit is issued for 1 year, next it gets extended by two years twice and then for another 5 years
Portugal:
The procedure in Portugal is as follows: 1+2+2 years. After 5 years a Permanent Residence Permit may be granted
:
Family Members
Malta:
Residence Permit applies for all members of the Investor’s family: children under the age of 18 years, the husband/wife and parents dependent on the applicant
Cyprus:
Applies for all members of the family, including children up to 25 years and parents from both sides
Hungary:
Applies for the Investor and investor’s family members – husband/wife and children of minor age (under 18 years)
Spain:
Applies for Investor and investor’s family members – husband/wife and children of minor age (under 18 years)
Greece:
Applies for Investor and investor’s family members – husband/wife and children of minor age (under 18 years)
Portugal:
All the family members of the applicant – wife, children of minor age and parents from both sides (charged extra) – can also participate in the program
:
Timeframe for obtaining documents
Malta:
3 months
Cyprus:
2 months
Hungary:
6 months
Spain:
4 – 6 months
Greece:
15 – 30 days
Portugal:
2 months
:
Obligation to visit the country
Malta:
Yes
Cyprus:
Yes
Hungary:
No
Spain:
Yes
Greece:
Yes
Portugal:
Yes
:
Obligation to stay in the country (minimum days per year)
Malta:
0
Cyprus:
1 day within 2 years
Hungary:
0
Spain:
7 days within the first year, 14 days within each of the two following years
Greece:
0
Portugal:
7 days within the first year, 14 days within each of the two following years

WHY CYPRUS

Fast and Easy: two words that are associated with purchasing property in Cyprus. It is a truly unprecedented opportunity to make the island’s luscious lifestyle your own, and simultaneously reap all the benefits that a permanent residency permit has to offer.

 Reliable and convenient public transportation system
 Most attractive tax system in the EU
An actively growing European business center
 Highest healthcare and education standards
 Part of the European Union Since since 2004
 Safest European country
 Sunniest island in Europe

A unique opportunity to become a shareholder in a European country,
and receive dividends

Give your whole family
an opportunity to start a new life with endless opportunities

Unlike other European countries, Cyprus requires you to
visit the island once every two years

Permanent residency that will last a lifetime
Delivered in as little as two months

Contact Us

contacts
Office in Cyprus:
Phone: +357 25 323 303
Mobile Phone: +357 99 7777 09
Email: [email protected]
Cyprus, Limassol 4047, Potamos Germasoyia,
Corner of Christaki Kranou 1 and Georgiou ‘A 83 Str.
Russian Office:
Phone: +7 495 128 01 63
Email: [email protected]
Цветной бульвар дом 30 строение 1,
Москва, 127051, Российская Федерация
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