SHAPE YOUR FUTURE
Cyprus’ pioneering Permanent Residency Program propositions those acquiring property with the opportunity to establish a Mediterranean home away from home. You and your
family will be allowed to live freely in Cyprus should you choose, and even engage in business; permit holders have the right to own a business in Cyprus or establish
a Cyprus company as an intermediary for export trading throughout the world, therefore benefiting from Cyprus’ excellent business and tax advantages.
ALL NATIONALITIES ELIGIBILITY
VISIT CYPRUS AT LEAST EVERY 2 YEARS
COVERS THE WHOLE FAMILY
€300.000 PROPERTY INVESTMENT
GRANTED WITHIN 2 MONTHS
The applicant must prove a secured minimum annual income amounting to €30.000 (employment in Cyprus is prohibited). The minimum annual income is increased by €5.000 for each dependent person. The annual income must be derived from sources abroad and can include overseas employment income, pensions, dividends etc.
The application form must be accompanied by a title deed or a property contract of sale that has already been submitted to the Lands Registry, for the acquisition of a house, apartment or any other building situated in Cyprus, of a minimum market value of €300.000 (excluding VAT). Further, the applicant must submit proof of payment for at least €200.000 (excluding VAT) in respect of the above mentioned property.
FAST TRACK ROUTE
It should be noted that the Civil Registry and Migration Department will only accept applications for granting immigration permits under the fast track route provided that the above mentioned property is being sold for the first time. The applicant must submit a conformation letter from a Cyprus Banking Institution of a minimum deposit amount of €30.000 which will be pledged for a minimum period of three years and the immigration permit should be granted within a two months period.
- All amounts should be transferred to Cyprus from abroad.
- The applicant must have a clean criminal record.
- The applicant is required to visit Cyprus at least once every two years.
1Purchase of the selected property2Submission of MIP1 application form
3Feedback from Ministry Of Interior4Examination of application by the Civil Registry
5Examination of application by the Immgigration department6Cyprus visit within the year to obtain the permit card