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CYPRUS RESIDENCY BY INVESTMENT

Cyprus is an attractive place to reside, with a warm and stable climate and a convenient geographical position in the eastern Mediterranean.
The fast-track (Category F) permanent residence permit has been introduced by a Council of Minister's decision in May 2013. This procedure (based on the provisions of Regulation 6(2) of the Aliens and Immigration Regulations), enables the granting of a permanent residence permit to foreigners who intend to invest in the Republic provided that the following requirements are met.

REQUIREMENTS TO APPLY FOR CITIZENSHIP IN CYPRUS
Residential or other property with minimum market value of EUR 300,000 purchased in Cyprus;

Secured annual income from abroad and from sources other than employment in Cyprus;

Funds transferred from abroad and deposited in a Cyprus Bank in a three year Fixed Deposit Account. The residence permit holder must visit Cyprus at least once every two years to maintain his status.

VALID PASSPORT
Must have a valid passport
SOURCE OF FUNDS
Provide documents supporting the source
CRIMINAL RECORD
The applicant has no criminal record
INVESTMENT
The applicant has made the required investment

PERMANENT RESIDENCE PERMIT

BENEFITS OF RESIDENCY IN CYPRUS

  • Fast process. Approval duration is 1-2 months.
  • Cyprus offers exclusive lifestyle and excellent infra structure.
  • No need to reside in Cyprus. Must visit Cyprus once every 2 years.
  • Can benefit from favourable tax regulations.
  • Cyprus is soon expected to join Schengen zone.
  • After that you will be able to travel to Schengen countries without any restrictions.

Cyprus
CYPRUS
  • Population: 1.16 million
  • Population: Ranked Ranked 160th in 2013.
  • GDP: $20,355.25
  • GDP per capital: Ranked 35th in 2012.
  • Largest city: Nicosia - 186,400
  • Capital city: Nicosia
  • Major language: Greek, English, Turkish
  • Major religion: Christianity, Islam
  • Monetary unit: Euro after 1 January 2008
  • Alternative names: Cyprus, Republic of Cyprus

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