The Permanent Residence programme enables investors and their families to receive a lifelong permanent residency when they purchase a residential property in Cyprus with a value of at least €300,000 +VAT. Within two months of application, investors and their families can obtain the Permanent Residence permit. This includes three generations: The investor, his/her spouse, his/her parents and his/her minor children. The permit can also be given to financially dependent children in full time education (up to the age of 25) or children who are financially dependent due to disabilities (at any age).


 

The Cyprus Permanent Residence Card

The Cyprus Permanent Residence Card is the only European Residence Card that is valid for life, it only takes 2 months to obtain one and there are no living requirements

 

The Advantages

CitizenIcons-03.png

Permanent residence permits are issued to the whole family

CitizenIcons-05.png

Financially dependent adult children from 18 to 25 can be included

CitizenIcons-04.png

The investor’s parents and parents-in-law can be included

CitizenIcons-06.png

Permanent residence permit is issued in just 2 months

 
Permanent-Residence-Cyprus-22.png

The permanent residence permit is unlimited and valid for life

CitizenIcons-07.png

There are no physical residency requirements, only one visit is required every 2 years

CitizenIcons-08.png

There are no requirements for medical tests

CitizenIcons-09.png

There are no language proficiency tests needed

 
CitizenIcons-12.png

No tax consequences unless you opt to become a tax resident

Permanent-Residence-Cyprus-23.png

Private English school education or free public school education

Permanent-Residence-Cyprus-24.png

After 7 years, you’re entitledto a Cyprus EU passport

CitizenIcons-06.png

After 5 years, you can upgrade to enjoy all the benefits of an EU national

 
CitizenIcons-13.png

Freehold property investment

Permanent-Residence-Cyprus-26.png

Property owners don’t pay immovable property tax

CitizenIcons-01.png

Easy travel and visas to Europe 

 

The Financial Requirements

FinancialRequirements-18.png

€300,000

+VAT

Investment in Residential Real Estate in Cyprus

€30,000

3 Year Fixed Term Deposit into a Cyprus Bank Account

Permanent-Residence-Cyprus-A-20.png

€300,000

Fixed Annual Income of the Investor

FinancialRequirements-21.png

€5000/€8000

Additional Income per Dependent


The Application Process

Timeline-01.png

Month 1

The application for Permanent Residence can be submitted by the main applicant simultaneously with the rest of the family once €200,000 +VAT of the property value has been paid and all the necessary documents have been provided. The applicants then receive a proof of submission letter

Month 2

Two months later the applicants are issued a letter of approval from the Cyprus Civil Registry and Migration Department.

All applicants are required to visit Cyprus to provide biometric data and collect their Permanent Residence Card

We encourage applicants to complete the steps as soon as they become available for a faster application


Book a consultation to talk with us to discuss your eligibility to the programme


 

"We are the pioneers of the Immigration Policies in Cyprus and have helped hundreds of families acquire their desired outcome with a 100% success rate"