Third country nationals who are interested in obtaining Permanent Residence status in Cyprus can apply for Immigration Permit issued in lieu of fulfillment of the investment criteria established by the Government of Cyprus.
Cyprus is a influential country in eastern Mediterranean which a good infrastructure and influential banking system valued for data protection and confidentiality. The country is a major hub for international trade and Cyprus is a full EU member country, but it is expected to join schengen in the near future.
Benefits of Cyprus Residence Investor Program:
- Great friendly english speaking people
- Favorable Taxation laws and incentives
- Best holiday destination with great Entertainment and Nightlife
- Excellent Transport & Telecommunication
- High standard of Living
- Popular Retirement and Holiday Destination
|Population (estimated, 000)||1117|
|Country Size||9251 km2|
|GDP (million current USD)||24994|
|Earning per capita (current USD)||30443.0|
|Passport Meter||Click Here|
|Cost Of Living||Click Here|
Investment Requirements: Cyprus Residence Investor Program
- Deposit €30,000 with a financial institution in Cyprus.
- Possess secured annual income of not less than €30,000. This requirement will increase by €5,000 for every dependent person included in the application.
- Purchase a dwelling or any other property of minimum market value of €300,000
Inclusion of Family Members: Cyprus Residence Investor Program
The application can include the following family members:
- Children below the age of 18 years.
- Financially dependent unmarried children between the age of 18 years and 25 years who are full time students
- Children above 18 years subject to additional investments prescribed in the government policy.
The applicant and all family members included in the Immigration Permit must visit Cyprus at least once in a period of two years.
Documentation: Cyprus Residence Investor Program
- Proof of Identity.
- Valid Travel Documents
- Proof of clean criminal record.
- Undertaking not to seek employment in Cyprus.
- Other prescribed documents.
Processing Period: Cyprus Residence Investor Program
Subject to proper completion of all formalities, the final decision will be taken within a period of two months from the date of submission of the application.