CYPRUS (European Permanent Residence)
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Accelerated process (only 2 months) from the date of the submission of the application.
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No need to reside in Cyprus as long as you visit at least once every two years.
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The applicant should be an owner of a property (first sale) in Cyprus, a house, an apartment or any other building, for a minimum value of €300.000 + VAT (if any).
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Options in property purchase – i.e. TWO independent residential units or ONE residential unit & office or ONE residential and one commercial unit as long as the total amount is for a minimum value of €300.000 + VAT (if any).
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Great Improvements on Cyprus Permanent Residence Permit announced by the Ministry of Interior of Cyprus on 22nd of February 2016. Parents of the main applicant and his spouse are now able to apply and get the PRP
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Dependents of 18-25 years and even over 25 will grand the PRP.
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Foreign students after their graduation will be able to get the PRP regardless of age.
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No other criteria needed for the dependents in case of the main applicant’s death. (under certain conditions)
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The Cyprus Immigrant Investor Program is one of the most popular in the world as the Permit is granted for an indefinite duration.
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Documentation as Proof that the applicant has a secured minimum annual income of €30.000, (increase by €5,000 for each dependent person) from sources originating from abroad (salaries, pensions, dividends, fix deposits, rents etc.).
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The applicant should submit a confirmation letter from a Cypriot Bank stating that he/she has deposited a minimum capital of €30.000 (emanated from abroad) into an account, which will be pledged for a period of at least three years.
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The applicant along with his spouse and children, must submit a clean Criminal Record Certificate from their country of residence.
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They shall also submit a Statement that they do not intent to be employed in Cyprus.
Benefits
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Cyprus Residence permit is permanent and no need for future reconsideration. It is a lifetime permit.
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Cyprus Permanent Residence applies to the entire family.
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Cyprus Permanent Residents have the right to apply for a Cypriot passport following his/her physical presence for a total of 5 years within a 7 year period.
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Once the Cyprus Permanent Residence permit is obtained, you can travel within the European Union at ease.
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Cyprus has a relaxed, stress-free lifestyle with the lowest crime rate in Europe.
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Cyprus offers an ideal family environment, enabling your children to benefit from excellent schools and universities while healthcare and infrastructure are all state-of-the-art.
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Cyprus is one of the most popular destinations for setting up companies with only 12,5% corporate tax rate, no inheritance tax and double taxation treaties with 57 countries.
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Risk free Freehold property, ensures permanent property rights.