Permanent residency of Cyprus can also be obtained by:
- A spouse
- Unmarried and dependent children under 25
- Children, regardless of age, having a mental or physical disability
- Parents of the main applicant or spouse
CYPRUS PERMANENT RESIDENCY BY INVESTMENT
Opportunity to open a business in Cyprus. Citizenship after five years.
Starting investment at $300,000
.
Starting investment at $300,000 Processing time 2 months
.
Advantages of Cyprus permanent residency
Give freedom to those you care about
Cyprus residency program offers four investment options:
Investment in new residential real estate
Investment in new residential real estate Purchase a new immovable property valued at least €300,000 plus VAT. It can be one or two residential properties for the above amount, and you can also purchase property from different development companies. It is important that the first foreign investment of €200,000 must be paid by the date of filing the application. You should deposit at least €30,000 into a Cypriot bank for a minimum of three years and attach evidence of secured annual income abroad of at least €30,000. For each additional dependent family member, this sum is increased by €5,000 or €8,000 for each parent. Please keep in mind that to get Cyprus permanent residency, your purchase must be a “first-time sale.” This means that it was bought for the first time. If everything is done in a proper manner, the Civil Registry and Migration Department will grant the Cyprus permanent resident permit. The minimum amount of investments in residential and non-residential properties – €300,000
Investment in non-residential real estate
Investment in non-residential real estate This option requires purchasing a new or used immovable office, hotel, shop, or other developments up to 250 sqm, providing that the total value is no less than €300,000 plus VAT. Whatever you choose, it’s up to you. An applicant can also make a so-called mix by buying a few types of commercial properties, but the quantity should not exceed two units. The good news is also that it shouldn’t be a “first-time sale.” It is important that the first €200,000 must be paid by the date of filing of the application. In addition, you should deposit at least €30,000 into a Cypriot bank for a minimum of three years and attach evidence of secured annual income from abroad of at least €30,000. If everything is done in a proper manner, the Civil Registry and Migration Department will grant the Cyprus permanent resident permit.
Investment in a Cyprus company
Investment in a Cyprus company Purchase shares in a Cypriot company or establish a new business yourself and invest in the share capital. A minimum of five local employees is required, and you should maintain employment for them. It is important that the company should have a proven physical presence.
Acquisition of shares in investment funds in Cyprus
Acquisition of shares in investment funds in Cyprus Purchase units for at least €300,000 in the Cyprus Investment Funds Association’s collective investments (AIF, AIFLNP, RAIF). If everything is done in a proper manner, the Civil Registry and Migration Department will grant the Cyprus permanent resident permit.
| Investment in real estate | Investment in non-residential real estate | Share in Cypriot business | Share in Cypriot investment funds |
|---|---|---|---|
| Depending on the object | During the tenure of permanent residence | From €300 000 | Yes |
| Depending on the object | Depending on the project | During the tenure of permanent residence | €300 000 |
| Depending on the project | Depending on the project | During the tenure of permanent residence | From €300 000 |
| Depending on the project | Yes, depending on the fund | During the tenure of permanent residence | From €300 000 |
Key Stages in the Application Process
SIMPLE AND CLEAR PROCESS
Documents for applying for permanent residence in Cyprus
To apply for Cyprus residency (and later for a Cyprus passport), you need to submit a package of required documents.
Required documents to become a Cypriot resident and later a Cypriot citizen:
- Clean criminal record certificate
- Medical insurance
- Copy of a valid passport
- Marriage Registration Certificate (for those who are married)
- Children's Birth Certificate (for those who have children)
- Documents that prove required annual income from other countries
- Cyprus bank transfer
- University Confirmation (if children from 18 to 25 will apply)
Fees and Costs
- Confirmation of income — €30,000 (for the main applicant)
- Due diligence — €15,000 (for the main applicant)
- Registration fee —€70,000 per applicant
- Immigration submission fee — €500 (for the main applicant)
- Medical insurance — €2,000 per each family member per year
- VAT — €57,000 (standard rate applicable for residential property and commercial property)
- €15,000 — only housing
MIGRONIS IS ALWAYS MORE THAN YOU EXPECT
Post Immigration Service
Opening a local bank account
Local tax residency
Insurance registration
Company registration
We will help you solve any problem, for example, we will tell you all about the path to Cypriot citizenship through permanent residence.
Why clients choose Migronis
Post-paid service
Offices in the Europe
We are online 24/7
We obtain additional documents in Cyprus
Minimal participation on your part, we do all the paperwork
No intermediaries and no middlemen
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