CYPRUS PERMANENT RESIDENCE
Cyprus, an EU member has one of the most attractive Immigration by Investment Programs in Europe. The government of Cyprus has amended programs and made the process simpler and more economical to give more incentives to foreigners, to invest in Cyprus and acquire a European Permanent Residence and/or Passport for all the family.
“Fast Track" & “Slow Track" Options Available
The Cyprus Permanent Residence Program is the fastest, most assured route to gaining a European residence through investment in real estate. It is quick and guaranteed and is available to investors who purchase a minimum new residential property of €300.000 which grants them the Permit in 2-3 months or purchase any property, new or resale with average value of €150.000 which will grant them the Permit in 6-9 months.
FAST TRACK PROGRAM
An improved, simplified and faster procedure has been introduced by the Minister of Interior of Cyprus for the Permanent Residence program. All applications are examined in a positive way and the immigration permit shall be granted, provided all necessary criteria are met. The whole procedure takes from 2-3 months.
COMPLIANCE WITH ALL CRITERIA (2 WEEKS)
Applicant purchases a new property of minimum €300,000 + VAT, declares secured annual income and deposits €30,000 which are pledged for 3 years in a Cyprus bank account.
PREPARATION & SUBMISSION (1 WEEK)
All other required information, supporting documents and application file are used to submit the application to the Civil Registry and Migration Department.
PROCESSING TIME (4-8 WEEKS)
The application is evaluated and being examined by the Cyprus Civil Registry, the Migration Department and the Minister of Interior.