Cyprus Residency by Investment Program enables foreign investors to obtain a Cypriot permanent residence permit (PRP) in just 6 months through a property purchase from €300,000 (plus VAT).
The property should be a first-time sale and may comprise of up to two housing units which must be purchased from the same developer.
Once the PRP has been granted, applicants are required to visit Cyprus within 1 year to submit their biometrics data for issuance of their PR card, and should not be absent for more than 2 years.
Cyprus Residency can be used as a first step towards Cyprus Citizenship. This can be acquired in 5 years, provided all the requirements are met.
Processing of application within 6 months
Property purchase with no government contributions
Main applicant, spouse, dependent children up to 25 years, parents and parents in law
Applicants must visit Cyprus once for biometric submission.
It is not necessary to reside in Cyprus but PR holders must not be absent for more than 2 years
No worldwide dividends, interest and income tax. No tax on gains. No inheritance tax
Suitable apartments, villas and houses qualifying for the program
Regular rental income
Safe and highly profitable investments, with potential profit from letting your property
Secure environment
"Insurance policy" in the case of economic or political stability.
The application can be processed in the applicant’s absence and filed on their behalf
Cyprus PR holders may apply for citizenship in 5 years if all the conditions have been met
Mild climate, beautiful scenery and beaches, with 320 days a year of sunshine
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Visa-free travel and enhanced global mobility
Experience seamless travel and enhanced global mobility with the Cyprus Residency by Investment program. By utilizing this initiative as a starting point for pursuing citizenship on the island, individuals can significantly improve their freedom of movement. Cyprus passport holders benefit from visa-free access to over 173 countries, including the EU and UK. Furthermore, individuals holding a Cyprus Permanent Residency (PR) can conveniently apply for a Schengen visa, facilitating travel across Europe.
Investment Requirements
To be eligible for the Cyprus Permanent Residency by Investment program, candidates must invest in a first-time sale residential property or property set(s) totaling at least €300,000 (plus VAT, if applicable). It's important to note that "first-time sale" refers to new properties purchased directly from a property development company and does not apply to resales.
Private gated community surrounded by trees
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Phone: +357 96 388 380
Mobile: +357 96 388 380
Email: info@property4you.ai