Buying Cyprus PROPERTY offers the best way to obtain a permanent residency permit with the most favourable terms within the European Union.
Issued within 3 months
Granted to all family members including children.
No residency requirements other than to visit Cyprus once every two years unlike other European countries who insist on residency for at least 3 months per year
Allows for you to have a business in Cyprus and to receive dividends
CONDITIONS & TERMS
To be granted a life-long permanent residency permit in Cyprus, the applicant needs to purchase a new property or two new properties with a total price of 300,000 euros, excluding the Value Added Tax (V.A.T.). At the time of submission of the application, 200,000 Euros (excluding the V.A.T.) must be transferred in settlement of the property and the contract of sale must be registered at the Land Registry Office.
The issuance of the Cyprus permanent residency permit takes about 3 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 if they wish to.
The unique advantage of the Cyprus permanent residency programme compared to those of other European countries is that it is life-long, whereas in other European countries residency permits are issued for a limited period of up to 5 years.
Unlike other residency schemes in which to keep your residency you are not obliged to stay in the country for at least 3 months a year. With the Cyprus scheme you only need to visit the island once every two years.
A requirement is to open one deposit account in one of the Cypriot banks, for the amount of 30,000 euros, for a period of 3 years.
Our Group offers a full service for non-EU citizens seeking residency in Cyprus by means of buying a property.
We offer a full service from finding suitable properties to dealing with all the legalities involved in attaining Cypriot permanent residence status.